Gold and Silver Prices on August 26
On August 26, many people were watching the gold and silver prices closely. Prices changed during the morning as the dollar weakened. This happened after US President Donald Trump fired Federal Reserve Governor Lisa Cook. He accused her of mortgage fraud. This news made investors curious about how it might affect the markets.
At around 9:10 am, gold prices for contract delivery in October rose by 0.27%. The price reached ₹100,897 for every 10 grams. Meanwhile, silver for delivery in September went up by 0.31%. The new price was ₹1,16,314 per kilogram.
Long-Term Trends in Gold and Silver
Over the years, gold prices have shown remarkable growth. In fact, gold prices have increased by 1,200% since 2005. In 2005, the price was only ₹7,638. Now, in 2025, it is more than ₹1,00,000. During the last 20 years, gold has provided positive returns in 16 of those years. This shows that gold has been a strong investment.
So far this year, gold prices have increased by 31%. This growth has made gold one of the best-performing assets of 2025. Many investors see gold as a safe place to invest, especially when market conditions get tough.
Silver prices have also been strong. They have stayed above ₹1 lakh per kilogram for a while now. Looking at the same 20-year period from 2005 to 2025, silver prices have risen by approximately 668.84%.
Current Prices Across Different Cities
Here are the gold and silver prices in key cities on August 26:
- Mumbai:
- Gold bullion: ₹1,00,980 per 10 grams
- MCX Gold: ₹1,00,900 per 10 grams
- Silver bullion: ₹1,16,850 per kg
- MCX Silver: ₹1,16,490 per kg
- Delhi:
- Gold bullion: ₹1,00,820 per 10 grams
- MCX Gold: ₹1,00,900 per 10 grams
- Silver bullion: ₹1,16,600 per kg
- MCX Silver: ₹1,16,490 per kg
- Kolkata:
- Gold bullion: ₹1,00,860 per 10 grams
- MCX Gold: ₹1,00,900 per 10 grams
- Silver bullion: ₹1,16,650 per kg
- MCX Silver: ₹1,16,490 per kg
- Bengaluru:
- Gold bullion: ₹1,01,120 per 10 grams
- MCX Gold: ₹1,00,900 per 10 grams
- Silver bullion: ₹1,16,980 per kg
- MCX Silver: ₹1,16,490 per kg
- Hyderabad:
- Gold bullion: ₹1,01,230 per 10 grams
- MCX Gold: ₹1,00,900 per 10 grams
- Silver bullion: ₹1,17,040 per kg
- MCX Silver: ₹1,16,490 per kg
- Chennai:
- Gold bullion: ₹1,01,360 per 10 grams
- MCX Gold: ₹1,00,900 per 10 grams
- Silver bullion: ₹1,17,200 per kg
- MCX Silver: ₹1,16,490 per kg
It’s important for buyers to know that jewellers may add extra fees. These fees can be for making charges, taxes, and GST. This can make the final price of gold and silver higher than listed.
Understanding the Market
Gold is often seen as a safe investment. During tough times in the economy, many people buy gold. They believe it will keep its value. This is why gold prices often go up when there is uncertainty in the markets.
On the other hand, silver is also valuable but can be more volatile. This means its prices can go up and down quickly. However, many still invest in silver as a way to diversify and manage risks.
Final Thoughts
The prices of gold and silver are not only numbers. They reflect the state of the economy and how people feel about their money. Staying informed about these prices can help individuals make better investment choices.
As the markets continue to change, keep an eye on these trends. This will help you understand where the economy might be headed. Knowledge is key in making smart financial decisions.
