Gold Price Today, (Aug 31): City-Wise 24K, 22K Gold & 999 Silver Rates Amid US Interest Rates - APAC Media

AI desk brief

Gold and silver fell in India on Monday, with 24K gold around ₹154,940/10g (-1.22%) and 999 silver near ₹238,870/kg (-1.37%) at 9:10am, as domestic prices tracked weakness in global bullion ahead of US rate expectations. On MCX, gold futures were down 1.14% at ₹154,496/10g and silver futures were off 1.28% at ₹239,341/kg.

Retail pricing varied across major cities: Delhi quoted 24K gold at ₹154,350/10g and 22K at ₹141,488, while Mumbai printed ₹154,610/10g for 24K; Chennai was among the priciest at ₹155,010/10g for 24K and ₹239,620/kg for silver. The article also cites spot gold around $4,455.29/oz and December US gold futures down 0.6% at $4,504.90/oz, with spot silver at $66.34/oz.

Near term, the setup is mildly bearish for precious metals: the article frames the move as driven by weaker bullion and sensitivity to US interest-rate expectations, which can weigh on non-yielding assets like gold. Traders will watch further moves in US rates, the dollar, and geopolitical headlines for whether this is just a pullback or the start of a broader correction in XAU/XAG.