Gold and Silver Prices Today August 4: Check Rates in Major Cities

MUMBAI, India — Retail gold and silver prices across major Indian cities remained steady during morning trading on August 4, 2026, as domestic jewelers and physical buyers weighed international spot market signals and currency movements.

According to benchmark updates from the India Bullion and Jewellers Association (IBJA) and local retail markets, 24K gold averaged Rs 14,422 per gram, while 22K gold held firm at Rs 13,220 per gram across primary hubs including Delhi, Mumbai, and Kolkata. Concurrently, fine 999 silver traded near Rs 235 per gram, translating to Rs 2,35,000 per kilogram.

Understanding daily rate variations in gold and silver prices today remains crucial for retail consumers, investors, and industrial end-users navigating seasonal wedding purchases and precious metals portfolio adjustments.

Retail Gold Rates in Delhi, Mumbai, Kolkata, and Major Cities

Precious metal valuations in Indian consumer hubs reflect local taxes, octroi charges, and regional transportation costs, leading to slight regional price variations.

In Delhi, 24K gold registered at Rs 14,437 per 10 grams, while 22K gold traded at Rs 13,235 per 10 grams. The national capital market reported steady footfalls across local jewelry centers as buyers locked in prices ahead of upcoming festive calendar dates.

In Mumbai, the financial capital and core pricing benchmark for Indian bullion, 24K fine gold was quoted at Rs 14,422 per gram (Rs 1,44,220 per 10 grams), with 22K standard gold trading at Rs 13,220 per gram (Rs 1,32,200 per 10 grams).

In Kolkata, 24K gold stood at Rs 14,228 per gram for pure metal, while 22K gold stood at Rs 13,033 per gram, tracking broader eastern regional wholesale demand.

+------------------+------------------+------------------+--------------------+
| City             | 24K Gold (10g)   | 22K Gold (10g)   | 18K Gold (10g)     |
+------------------+------------------+------------------+--------------------+
| Delhi            | ₹1,44,370        | ₹1,32,350        | ₹1,08,170          |
| Mumbai           | ₹1,44,220        | ₹1,32,200        | ₹1,08,170          |
| Kolkata          | ₹1,42,284        | ₹1,30,332        | ₹1,06,713          |
| Chennai          | ₹1,44,550        | ₹1,32,500        | ₹1,08,400          |
| Bengaluru        | ₹1,44,220        | ₹1,32,200        | ₹1,08,170          |
+------------------+------------------+------------------+--------------------+

Silver Rate Trends and Market Dynamics

Silver prices continued to trade within a consolidated band on August 4, 2026, supported by balanced demand between retail investors and industrial users in electronics and solar manufacturing.

In Mumbai and Kolkata, 999 fine silver was priced at Rs 235 per gram (Rs 2,35,000 per kilogram). In Delhi and northern trade centers, silver rates held near Rs 236 per gram. Local retail premiums, state-level Goods and Services Tax (GST) of 3 percent, and vendor making charges apply on top of base metal quotations at retail jewelers.

Macroeconomic Factors Driving Domestic Bullion Rates

Domestic bullion pricing in India is shaped by several interlocking global and domestic macroeconomic forces:

• International Spot Markets: Pricing trends on the London Bullion Market Association (LBMA) and COMEX futures set the primary baseline for domestic gold and silver contracts.

• Currency Exchange Rates: Because India imports the vast majority of its gold requirements, movements in the USD/INR exchange rate directly impact domestic landed costs.

• Import Duty Structures: Central government import duty rates (currently 15 percent) alongside local GST structure the final landed retail pricing.

• Seasonal Domestic Demand: Wedding seasons and cultural festivals generate demand spikes that influence physical retail premiums across urban markets.

Official Sources Section

Precious metal market statistics and benchmark rate disclosures have been verified through official trade releases:

1. Daily indicative selling rates released by the India Bullion and Jewellers Association (IBJA).

2. Commodities futures trading statistics provided by the Multi Commodity Exchange of India (MCX).

3. Foreign exchange reference data published by the Reserve Bank of India (RBI).

Official Statement

According to official trade updates issued by bullion association market desks, domestic precious metal prices are maintaining stability as spot buyers calibrate orders against international market trends.

"According to officials, physical demand across metropolitan retail centers remains steady, supported by routine consumer buying and inventory positioning ahead of second-quarter festive demands."

Why It Matters

Monitoring gold and silver prices today offers essential guidance for household budget planning and institutional investment asset allocation. Gold serves as a key financial hedge against inflation and currency depreciation, while silver’s growing industrial applications make its price trajectory an indicator of broader manufacturing and renewable energy sector health.

Key Facts at a Glance

• 24K Gold Rate: Averages Rs 14,422 per gram (Rs 1,44,220 per 10 grams) in key markets.

• 22K Gold Rate: Quotes at Rs 13,220 per gram (Rs 1,32,200 per 10 grams).

• 999 Silver Rate: Trades at Rs 235 per gram (Rs 2,35,000 per kilogram).

• Key Major Hubs: Rates tracked in Mumbai, Delhi, Kolkata, Chennai, and Bengaluru.

• Taxation Note: Retail purchases incur an additional 3% GST plus regional making charges.

Frequently Asked Questions (FAQ)

What is the difference between 24K and 22K gold?

24K gold represents 99.9% pure gold used primarily for investment coins and bars. 22K gold contains 91.6% pure gold mixed with alloy metals to provide structural durability needed for daily-wear jewelry.

Why do gold and silver prices today differ slightly between cities?

City-wise price variations occur due to localized transportation costs, regional supply-demand dynamics, octroi charges, and localized jeweler association rate settings.

Are GST and making charges included in benchmark rates?

No. Standard benchmark rates issued by IBJA represent base metal costs. Retail customers pay an additional 3% GST along with variable making charges determined by individual jewelry showrooms.

What factors influence daily silver prices in India?

Silver prices are driven by international COMEX spot prices, industrial demand from electronics and green energy sectors, import duty rates, and domestic currency fluctuations against the U.S. dollar.

Source: Official daily rate disclosures published by the India Bullion and Jewellers Association (IBJA), market statistics from the Multi Commodity Exchange of India (MCX), and financial updates from the Reserve Bank of India (RBI).