Gold and silver prices continued their upward movement on August 21, 2026, with both precious metals recording significant gains. According to the India Bullion and Jewellers Association (IBJA), silver prices increased by ₹6,623 per kilogram, while 24-carat gold gained ₹2,419 per 10 grams.
Silver is now priced at around ₹2.44 lakh per kg, while the price of 10 grams of 24-carat gold has reached nearly ₹1.60 lakh.
Gold and Silver Prices Rise Sharply in August
The rally in precious metals has strengthened considerably during August. In the first 21 days of the month, gold has become approximately ₹16,639 more expensive, while silver has risen by around ₹26,094.
Market participants are closely watching the movement of both metals as analysts expect gold to remain supported in the coming months.
Gold Up ₹27,000 So Far in 2026
Gold has delivered a strong gain since the beginning of the year.
On December 31, 2025, 10 grams of gold was priced at around ₹1.33 lakh. It has now climbed to approximately ₹1.60 lakh, representing an increase of about ₹27,000.
Silver has also gained during the year. Its price stood at approximately ₹2.30 lakh per kg at the end of 2025 and has now risen to ₹2.44 lakh.
During the year, gold touched a reported high of ₹1.76 lakh per 10 grams, while silver reached ₹3.86 lakh per kg on January 29.
Can Gold Reach ₹1.70 Lakh by December?
According to Anindya Banerjee, Senior Vice President and Head of Commodity Research at Kotak Securities, gold continues to receive support from both retail investors and central banks, including the Reserve Bank of India.
Based on the outlook cited in the report, gold could potentially reach ₹1.70 lakh per 10 grams by December, while silver could move towards ₹3 lakh per kg if favourable conditions continue.
However, these are market projections and actual prices can change significantly depending on global economic conditions, interest rates, currency movements, central-bank purchases and geopolitical developments.
Why Are Gold and Silver Prices Rising?
Gold continues to attract investment demand amid expectations surrounding global monetary policy and continued central-bank purchases.
Silver, meanwhile, can be influenced by both investment demand and industrial consumption. Its price can therefore experience greater volatility than gold.
Investors should keep in mind that precious-metal prices can move sharply in either direction, particularly when global economic or geopolitical conditions change.
3 Things to Check Before Buying Gold
1. Buy BIS-Hallmarked Gold
Consumers should purchase gold bearing the BIS hallmark and verify the relevant hallmarking details. Hallmarking helps establish the declared purity of the jewellery.
2. Check the Gold Rate
Before purchasing jewellery, compare the day's gold rate and verify the exact weight and purity. Rates differ depending on whether the gold is 24-carat, 22-carat or 18-carat.
3. Understand Making Charges
Making charges are the labour and craftsmanship costs associated with jewellery. These charges can vary between jewellers, so buyers should ask for a clear breakdown and compare offers before completing a purchase.
Gold-Silver Rate Today: Key Takeaways
Silver: ₹2.44 lakh per kg, up ₹6,623
24-carat gold: nearly ₹1.60 lakh per 10 grams, up ₹2,419
Gold gain in August so far: ₹16,639
Silver gain in August so far: ₹26,094
Gold projection by December: ₹1.70 lakh per 10 grams
Silver projection by December: ₹3 lakh per kg
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