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Gold price in India surged by Rs 500 after Donald Trump fired Lisa Cook from the Federal Reserve.
Gold & Silver Prices In India Today, August 26.
Gold Price Today In India: The gold price surged by Rs 500 across India on Tuesday following US President Donald Trump fired Federal Reserve Governor Lisa Cook over mortgage fraud accusations, leading to worry about the Fed’s independence and rising appeal for safer assets.
In Mumbai, gold price for 24-carat and 22-carat stood at Rs 1,02,060 per 10 gram and Rs 93,550 per gram.
Gold prices rose on Tuesday to a two-week high, while silver ended on slightly lower. The jump in gold came after President Trump fired Federal Reserve Governor Lisa Cook over mortgage fraud accusations, explained Rahul Kalantri, VP Commodities, Mehta Equities.
Fed Chair Jerome Powell also suggested last week that a rate cut in September is possible, though inflation is still a concern. Kalantri added markets now expect an 83% chance of a small rate cut. All eyes are now on Friday’s inflation data for more clues.
“Gold has support at $3352-3335 while resistance at $3395-3410. Silver has support at $38.45-38.25 while resistance is at $39.05-39.25. In INR gold has support at Rs1,00,240-99,850 while resistance at Rs 1,00,950-1,01,150. Silver has support at Rs1,15,150-1,14,350 while resistance at Rs1,16,750, 1,17,250,” he added.
On MCX exchange, gold futures expiring on October 3, 2025 were trading 0.30 per cent higher to Rs 1,00,925 per 10 gram. On the other hand, Silver futures expiring on September 05, 2025 were up 0.43 per cent to Rs 1,16,449 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 26?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 93,700 | Rs 1,00,900 |
| Jaipur | Rs 93,700 | Rs 1,00,900 |
| Ahmedabad | Rs 93,600 | Rs 1,00,800 |
| Patna | Rs 93,600 | Rs 1,00,800 |
| Mumbai | Rs 92,350 | Rs 1,00,750 |
| Hyderabad | Rs 92,350 | Rs 1,00,750 |
| Chennai | Rs 92,350 | Rs 1,00,750 |
| Bengaluru | Rs 92,350 | Rs 1,00,750 |
| Kolkata | Rs 92,350 | Rs 1,00,750 |
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in excange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
Read More