Gold prices saw an increase today, Thursday, August 28, 2025. 24-carat gold reached ₹1,02,700 per 10 grams, and 22-carat gold crossed ₹94,200. Silver remained stable at ₹1,20,000 per kg. U.S. President Trump's recent decision, the weakening of the rupee, and international cues played a significant role in making gold more expensive.
Gold Price Today: Gold prices in the Indian market increased on Thursday, August 28, 2025. 24-carat gold rose by ₹250 to ₹1,02,700 per 10 grams, and 22-carat gold crossed ₹94,200 in cities like Mumbai, Chennai, and Kolkata. Meanwhile, silver remained stable at ₹1,20,000 per kg. The reason for the increase in gold prices is believed to be U.S. President Donald Trump's removal of Federal Reserve Governor Lisa Cook, which has increased uncertainty in the market. The weakening of the rupee and positive signals from the international market also supported gold prices.
Silver Price Stable
There has been no change in the price of silver today. Silver is trading at ₹1,20,000 per kg. The same rate was recorded yesterday. Although gold has become more expensive, silver remains stable for the time being.
Reasons for the Increase in Gold Prices
Several major reasons are being attributed to the increase in gold prices. The most important reason is the recent decision by U.S. President Donald Trump. Trump has removed Federal Reserve Governor Lisa Cook from her position. This decision has increased uncertainty in the global market. Whenever investors feel insecure, they turn to gold because it has always been considered a safe investment.
In addition, Trump's move has increased pressure on the Federal Reserve to cut interest rates. Lower interest rates directly affect gold prices and cause them to rise. At the same time, the weakening of the rupee and positive signals from the international market have also played an important role in making gold more expensive.
Today's Gold Prices in Major Cities (per 10 grams):
- Delhi 22 Carat: ₹94,200 24 Carat: ₹1,02,750
- Chennai 22 Carat: ₹94,050 24 Carat: ₹1,02,600
- Mumbai 22 Carat: ₹94,050 24 Carat: ₹1,02,600
- Kolkata 22 Carat: ₹94,050 24 Carat: ₹1,02,600
- Jaipur 22 Carat: ₹94,200 24 Carat: ₹1,02,750
- Noida 22 Carat: ₹94,200 24 Carat: ₹1,02,750
- Ghaziabad 22 Carat: ₹94,200 24 Carat: ₹1,02,750
- Lucknow 22 Carat: ₹94,200 24 Carat: ₹1,02,750
- Bangalore 22 Carat: ₹94,050 24 Carat: ₹1,02,600
- Patna 22 Carat: ₹94,050 24 Carat: ₹1,02,600
How Gold Prices are Determined in India
Gold prices in India depend on several factors. Gold prices in the international market, the dollar-rupee exchange rate, import duties, and taxes play the most important role. This is why gold prices change daily.
Gold has always been important in Indian culture. It is considered important not only as jewelry but also as a form of savings and investment. The demand for gold increases even more during weddings and festivals. This is why fluctuations in gold prices directly affect the common people.
