Gold Prices Decline Across Major Indian Metro Cities on August 29

Gold prices declined across most metro cities in India, according to market data for August 29. The downward price movement was recorded across multiple urban centers for both 22-carat and 24-carat gold variants.

Nationwide, the price for 1 gram of 22-carat gold stood at ₹14,585, reflecting a decrease of ₹145 from the previous day. For 8 grams of 22-carat gold, the rate was recorded at ₹1,16,680, marking a drop of ₹1,160.

In Delhi, 22-carat gold was priced at ₹14,605 for 1 gram (down by ₹145) and ₹1,16,840 for 8 grams (down by ₹1,160). The 24-carat gold in the national capital was priced at ₹15,335 for 1 gram (down by ₹153) and ₹1,22,680 for 8 grams (down by ₹1,224).

In Mumbai, 22-carat gold traded at ₹14,555 for 1 gram (down by ₹145) and ₹1,16,440 for 8 grams (down by ₹1,160). Meanwhile, 24-carat gold in Mumbai stood at ₹15,283 for 1 gram (down by ₹152) and ₹1,22,264 for 8 grams (down by ₹1,216).

In Kolkata, 1 gram of 22-carat gold was priced at ₹14,655 (down by ₹145) and 8 grams at ₹1,17,240 (down by ₹1,160). The 24-carat gold rates in Kolkata were ₹15,388 for 1 gram (down by ₹152) and ₹1,23,104 for 8 grams (down by ₹1,216).

In Chennai, 22-carat gold was recorded at ₹14,505 for 1 gram (down by ₹145) and ₹1,16,040 for 8 grams (down by ₹1,160). The 24-carat gold in Chennai stood at ₹15,230 for 1 gram (down by ₹153) and ₹1,21,840 for 8 grams (down by ₹1,224).

In Bengaluru, 22-carat gold was priced at ₹14,615 for 1 gram (down by ₹145) and ₹1,16,920 for 8 grams (down by ₹1,160). The 24-carat gold rates in the city were ₹15,346 for 1 gram (down by ₹152) and ₹1,22,768 for 8 grams (down by ₹1,216).

In Hyderabad, 22-carat gold traded at ₹14,505 for 1 gram (down by ₹145) and ₹1,16,040 for 8 grams (down by ₹1,160), matching Chennai's rates. The 24-carat gold in Hyderabad was priced at ₹15,230 for 1 gram (down by ₹153) and ₹1,21,840 for 8 grams (down by ₹1,224).

In Pune, 22-carat gold was recorded at ₹14,555 for 1 gram (down by ₹145) and ₹1,16,440 for 8 grams (down by ₹1,160), aligning with Mumbai's figures. The 24-carat gold in Pune stood at ₹15,283 for 1 gram (down by ₹152) and ₹1,22,264 for 8 grams (down by ₹1,216).

In Ahmedabad, 22-carat gold was priced at ₹14,609 for 1 gram (down by ₹145) and ₹1,16,872 for 8 grams (down by ₹1,160). The 24-carat gold in Ahmedabad was recorded at ₹15,339 for 1 gram (down by ₹153) and ₹1,22,712 for 8 grams (down by ₹1,224).

"Fluctuations in daily commodity prices, such as the recent decline in gold rates across major Indian metro cities, reflect standard market adjustments. For businesses and individuals dealing in precious metals or tracking retail liquidity, monitoring these regional pricing variations is essential for day-to-day financial planning and asset management." — Dr. Shishir Gupta, Founder & CEO, StartupLanes