Gold and silver prices drop in India ahead of Raksha Bandhan

gold prices silver prices commodity market India precious metals

Gold and silver prices in India have experienced a significant decline ahead of the Raksha Bandhan festival. On August 27, 2026, gold prices saw a notable drop, with 24-carat gold trading at approximately ₹1,62,000 to ₹1,63,130 per 10 grams in major cities such as Delhi, Mumbai, and Lucknow.

Silver prices also fell, reaching around ₹2,60,000 per kilogram in several major urban centers. On the Multi Commodity Exchange (MCX), gold prices were recorded at approximately ₹1,57,900 per 10 grams, while silver traded at ₹2,37,882 per unit following a percentage decline.

Market data shows variations across cities. In Delhi, 24-carat gold prices dropped by as much as ₹770 per 10 grams compared to previous rates. While domestic prices have trended downward, some reports indicate that international markets have shown slight upward movement for both metals.

Entities

MCX

Sources

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