Major Rally in Gold Rate in India on Ganesh Chaturthi 2025: Check 24K, 22K, 18K Prices Across Key Cities

On the auspicious occasion of Ganesh Chaurthi, the gold rate in India today recorded a second consecutive rise, pushing the yellow metal closer to its record-high levels once again. After a brief correction last week, the gold rate in India rose repeatedly this week. The main reason behind this humongous rise is the rise in demand for gold in the domestic market with the beginning of the festive season.

In the international market, good prices slipped slightly with the rise in the US dollar index, which jumped about 0.2%. However, spot gold is currently trading above its crucial $3400 level.

Gold Rate in India Today

As of Aug 27, the pure gold, or the 24-carat gold, rate in India surged by Rs. 380 per 10 grams to cost Rs. 102,440 per 10 grams. While the standard gold or the 22-carat gold prices today climbed by Rs. 350 and cost Rs. 93,900 per 10 grams. Similarly, the 18-carat gold rate today also spiked by Rs 280 per 10 grams to cost Rs 76,830.

Just like that, the 100 grams of 22-carat gold stand at Rs 9,39,000 after rising Rs 3500. While the 24-carat gold price in India per 100 grams is now retailing at Rs 1,024,400, which jumped by Rs 3,800

Silver Rate in India Today

Silver prices in India today stayed stable at the previous day's rates. Today 1 kg of silver in India costs Rs120,000. While 100 g of silver rates in India cost Rs 12,000.

Market Outlook for Gold Prices

"Gold and silver prices are trading slightly higher today on the international bourses. We expect precious metals prices on Indian bourses to trade slightly higher for the day, as gold prices rose after US President Donald Trump moved to oust Federal Reserve Governor Lisa Cook with immediate effect, raising concerns about central bank independence and the prospect of strengthening haven demand." As per Nirmal Bang Securities.

On the technical front, the Nirmal Bang Report suggests, "Gold prices are expected to rise. One can buy at 100400 with a stop loss of 100100 for the target at 1,00,800-1,01,000"

MCX Gold and Silver Futures Update

Trading on the MCX is closed today on account of Ganesh Chaturthi. However, at the close of yesterday's session, gold futures (maturing on October 3, 2025) inched up 0.37% to settle at Rs. 100,096. In contrast, silver futures (maturing on September 5, 2025) slipped 0.07% to close at Rs. 115,869 on Tuesday.

City-Wise Gold Rates Today

Gold rates in major metropolitan cities in India, including Chennai, Mumbai, Bangalore, and Hyderabad, mirrored this massive spike in the gold rates today. Here's the latest city-wise update on 22-carat and 24-carat gold rates on August 27th.

Spot Gold Prices + Spot Silver Price Today

As per the latest report by Reuters, "Spot gold was down 0.2% at $3,384.49 per ounce as of 0223 GMT, after hitting its highest level since August 11 on Tuesday. U.S. gold futures for December delivery were flat at $3,434.20. Spot silver eased 0.1% to $38.56 per ounce."

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