NEW DELHI – Gold rate today, August 27, 2026: 24 carat is ₹16,200 a gram and 22 carat is ₹14,850, down ₹174 and ₹150 from Wednesday. The pullback came after July’s U.S. Personal Consumption Expenditures index printed at 3.7 per cent, a tick hotter than forecast, pulling spot gold from a three-month high to $4,633 an ounce. The number that decides this week is not in any PCE table. It is Federal Reserve Chair Kevin Warsh at 10 a.m. Eastern on Friday at the Kansas City Fed’s annual Jackson Hole symposium.
| Purity | Per gram (₹) | Per 10 g (₹) | Change per 10 g |
|---|---|---|---|
| 24 carat (99.9%) | 16,200 | 1,62,000 | −1,740 |
| 22 carat (91.6%) | 14,850 | 1,48,500 | −1,500 |
| 18 carat (75%) | 12,150 | 1,21,500 | −1,230 |
| Rates exclude GST (3%), making charges and hallmarking fees. Wednesday’s 24 carat close was ₹1,63,740 per 10g. Confirm the day’s rate with your jeweller before purchase. | |||
That is the honest scale of Thursday’s move. The ₹1,740 that came off a ten gram 24 carat purchase reverses roughly a quarter of the gains August has built, and leaves gold still up more than 15 per cent for the month, its strongest performance since September 1999. The Bureau of Economic Analysis put core PCE at 3.3 per cent annually, broadly in line with estimates, but the headline at 3.7 per cent came in a tenth above the 3.6 per cent consensus. That single tenth of a point was enough to trim near-term rate cut expectations without breaking August’s structural trade. Futures on CME Group’s COMEX exchange settled near $4,641.
Gold Rate Today City-Wise: Chennai and Kochi Carry the Premiums
The gold rate today in India varies by city, but not as much as the city labels suggest. Ten of the twelve cities on the board quote within ₹200 of Delhi. Chennai and Kochi are the exceptions, carrying premiums of ₹1,000 and ₹1,100 per ten grams driven by southern port re-routing costs and local association levies.
| City | 24K (₹/10 g) | 22K (₹/10 g) | vs Delhi (24K) |
|---|---|---|---|
| Delhi | 1,62,000 | 1,48,500 | 0 |
| Mumbai | 1,61,900 | 1,48,400 | −100 |
| Chennai | 1,63,000 | 1,49,400 | +1,000 |
| Kolkata | 1,62,100 | 1,48,600 | +100 |
| Bangalore | 1,62,000 | 1,48,500 | 0 |
| Hyderabad | 1,62,500 | 1,49,000 | +500 |
| Ahmedabad | 1,61,800 | 1,48,200 | −200 |
| Pune | 1,61,900 | 1,48,400 | −100 |
| Jaipur | 1,62,000 | 1,48,500 | 0 |
| Lucknow | 1,62,100 | 1,48,600 | +100 |
| Surat | 1,61,800 | 1,48,200 | −200 |
| Kochi | 1,63,100 | 1,49,550 | +1,100 |
| City rates are MCX-derived estimates and exclude GST (3%), making charges, and hallmarking fees. Chennai and Kochi carry a premium of ₹1,000–1,100 per 10g driven by southern port re-routing costs and local association levies. Confirm the day’s rate with your local jeweller before purchase. | |||
City-level gold rates in India are not independent market quotes. The tracker figure is built from bullion association prices and the futures curve and published against a list of city names. Where a genuine local premium exists, it comes from state association margins, transport, and local levies. Ahmedabad and Surat quote slightly below Delhi because Gujarat-based importers carry thinner surcharges. The premium in Chennai and Kochi reflects secondary logistics: gold that arrives at Mumbai port is re-routed south and accumulates freight and handling costs the national tracker does not capture. A buyer in Bangalore or Pune pays within ₹100 of Mumbai. A buyer in Chennai pays ₹1,000 more for the same ten grams.
Gold Rate Today by Weight: 24K, 22K and 18K Across Purchase Sizes
The headline rate is per gram. Most buyers think in pieces, not grams. This is what Thursday’s rates mean across the purchase sizes that come up at a counter.
| Weight | 24K (₹) | 22K (₹) | 18K (₹) |
|---|---|---|---|
| 1 gram | 16,200 | 14,850 | 12,150 |
| 8 grams | 1,29,600 | 1,18,800 | 97,200 |
| 10 grams | 1,62,000 | 1,48,500 | 1,21,500 |
| 50 grams | 8,10,000 | 7,42,500 | 6,07,500 |
| 100 grams | 16,20,000 | 14,85,000 | 12,15,000 |
| Metal value at Thursday’s opening rate. Excludes GST (3%), making charges and hallmarking. Delhi adds ₹100 per 10g on 24 carat; Chennai and Kochi add ₹1,000–1,100. The other eight cities on the board carry figures within ₹200 of Delhi. | |||
The Number You Read Is Not the Number You Pay
Every page publishing the gold rate today in India, including this one, quotes the metal value. Nobody sells you metal value.
A ten gram 22 carat chain at today’s rate carries ₹1,48,500 of gold. Add making charges, which run from about 8 per cent on a plain machine-made chain to 25 per cent on worked bridal jewellery, then GST at 3 per cent on the metal and 5 per cent on the making charges, and the till price lands between ₹1,65,429 and ₹1,91,936.
| Component | Making at 8% | Making at 15% | Making at 25% |
|---|---|---|---|
| Metal value | ₹1,48,500 | ₹1,48,500 | ₹1,48,500 |
| Making charges | ₹11,880 | ₹22,275 | ₹37,125 |
| GST on metal (3%) | ₹4,455 | ₹4,455 | ₹4,455 |
| GST on making (5%) | ₹594 | ₹1,114 | ₹1,856 |
| Total at the till | ₹1,65,429 | ₹1,76,344 | ₹1,91,936 |
| Premium over the headline rate | 11.40% | 18.75% | 29.25% |
| Making charges vary by piece and by shop, from single digits on a plain chain to a quarter of the metal value on worked bridal jewellery. GST applies at 3% on the metal and 5% on making charges billed as a service. Hallmarking is charged separately, usually ₹45 a piece. No rate page performs this arithmetic, which is why the number you read is never the number you pay. | |||
That is a spread of ₹26,507 on the same ten grams of gold, decided entirely by which piece you pick. It dwarfs the ₹1,500 the rate fell today. What Thursday’s pullback is worth, by weight, on 22 carat metal:
| Purchase | Wednesday (₹) | Thursday (₹) | Saved |
|---|---|---|---|
| 8 grams | 1,20,000 | 1,18,800 | −1,200 |
| 10 grams | 1,50,000 | 1,48,500 | −1,500 |
| 20 grams | 3,00,000 | 2,97,000 | −3,000 |
| 50 grams | 7,50,000 | 7,42,500 | −7,500 |
| 100 grams | 15,00,000 | 14,85,000 | −15,000 |
| Calculated by Eastern Herald from the published 22 carat rate of ₹15,000 a gram on Wednesday and ₹14,850 on Thursday. Metal value only — not a quotation from any jeweller. On a 10 gram purchase the saving is ₹1,500, roughly three times the GST on a hallmarking certificate. | |||
What Moved Gold Overnight
The Indian counter fell today. The world price had moved first.
Spot gold settled near $4,633 on Wednesday after the PCE release, down from the three-month high of near $4,677 reached on Tuesday. The rupee traded near 83.7 per dollar through most of August, meaning the dollar-denominated decline is flowing through to rupee pricing in roughly equal proportion. A buyer who purchased at Wednesday’s ₹1,63,740 close is watching a ₹1,740 paper loss on ten grams, slightly more than the value of one full gram of 24 carat metal at current prices.
| Contract or quote | Level | Change | Basis |
|---|---|---|---|
| Spot gold, international | $4,633/oz | −0.96% | Wednesday close |
| COMEX gold futures | $4,641/oz | −0.86% | Wednesday settle |
| India 24K rate | ₹1,62,000/10g | −1,740 | Thursday opening |
| India 22K rate | ₹1,48,500/10g | −1,500 | Thursday opening |
| Gold, month to date | n/a | +15%+ | Strongest month since Sept 1999 |
| The Indian retail tracker is struck from bullion association quotes before the U.S. session close, which is why the domestic print and the international close move on slightly different timing. Month-to-date figure is approximate; individual data providers report slightly different bases. | |||
Eastern Herald reported Tuesday that gold has been rallying into rate pressure it was supposed to fear, an unusual trade reflecting the fact that what markets are pricing is not the policy rate itself but the credibility of the balance sheet behind it. Three Federal Reserve regional presidents voted to raise rates in July. Gold went up anyway.
Why Jackson Hole Matters More Than a PCE Print
Warsh’s Friday address is the event every institutional precious metals desk is actually pricing for. July’s 3.7 per cent headline reading is still nearly double the Federal Reserve’s two per cent target. Warsh has not signalled a near-term rate cut, but he has not formally endorsed the higher-for-longer posture his predecessor maintained through much of 2025 either. CME Group’s FedWatch tool showed approximately 22 per cent probability of a September rate cut as of Wednesday’s close, a number that will shift significantly once Warsh finishes speaking Friday afternoon.
Institutional forecasts now cluster between $5,000 and $6,300 per ounce for year-end gold. Wells Fargo’s precious metals team has noted the key variable is not whether the Fed cuts in September, which even a dovish Warsh might resist with headline PCE above 3.5 per cent, but whether Warsh signals any acceleration in the rate normalisation timeline markets currently expect to begin in early 2027.
The Jackson Hole symposium has historically been where Fed chairs signal turns. Ben Bernanke used it in 2010 to preview the second round of quantitative easing. Warsh has given no pre-speech signals. His first months as Fed chair have been defined by communications discipline. That discipline ends Friday morning in Wyoming.
What This Page Cannot Tell You
Whether the gold rate today above is the rate your jeweller quotes.
The national figure is a tracker print derived from bullion association quotes and the futures curve, not a counter price collected from showrooms. A second tracker may put national 24 carat several hundred rupees below this figure on the same morning, and that gap is a basis difference between methodologies rather than an error in either. Local premiums, purity certification, and the making charge on the specific piece will all move the final number more than Thursday’s pullback does.
What can be said precisely: the 24 carat gold rate today is down ₹174 a gram and 22 carat is down ₹150. The rate is still near the highest level August has seen in a generation. The number that will decide where it opens on Monday has not been spoken yet.
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