Gold and Silver Price Today: State-Wise Analysis and Market Outlook for August 04, 2026

The Indian precious metals market opened on Tuesday, August 4, 2026, with a slight downward correction in Gold and Silver Price following recent highs, while silver prices maintained a firm stance across all major bullion hubs.

Gold rates across the country experienced a modest drop across all purity tiers:

• 24 Carat Gold (99.9% purity): Settled at ₹14,400 per gram (down by ₹22 per gram or ₹220 per 10 grams).

• 22 Carat Gold (91.6% purity): Softened to ₹13,200 per gram (down by ₹20 per gram or ₹200 per 10 grams).

• 18 Carat Gold (75.0% purity): Dropped to ₹10,800 per gram (down by ₹16 per gram or ₹160 per 10 grams).

In contrast, domestic silver rates displayed strong resistance to price corrections, remaining flat at ₹235 per gram and ₹2,35,000 per kilogram.

This marginal easing in gold offers a brief breather to buyers and festive shoppers preparing for the upcoming festival and wedding season in India, even as long-term investors continue to view yellow metal as an indispensable hedge against ongoing global economic uncertainty and currency fluctuations.

National Benchmark Gold and Silver Price: August 4, 2026

The table below outlines today’s benchmark retail prices for gold and silver in India, comparing key quantities and daily shifts:

Gold Rates Today in India

Silver Rates Today in India

Key Takeaway for Retail Buyers: While 24K gold serves primarily as an investment benchmark (for gold bars and coins), 22K remains the primary standard for traditional Indian gold jewellery. The 18K segment continues to gain market share in modern lightweight and diamond-studded jewellery

Detailed State-Wise and Major City Price Breakdown

Gold and silver rates vary across different states and union territories in India due to distinct factors, including local transportation costs, state-level levies, trade association guidelines, and regional demand dynamics. Southern coastal states often reflect slight variations due to heavy bullion import volumes entering through major ports.

Below is the state-wise and city-wise breakdown of 24K Gold, 22K Gold, 18K Gold, and Silver prices recorded on August 4, 2026:

1. Maharashtra (Mumbai, Pune, Nagpur)

Maharashtra remains the central hub for bullion trading through the Bombay Bullion Association.

• 24K Gold Rate: ₹14,400 / gram (₹1,44,000 / 10g)

• 22K Gold Rate: ₹13,200 / gram (₹1,32,000 / 10g)

• 18K Gold Rate: ₹10,800 / gram (₹1,08,000 / 10g)

• Silver Rate: ₹235 / gram (₹2,35,000 / kg)

2. Delhi & National Capital Region (Delhi, Noida, Gurgaon)

Delhi NCR experiences higher seasonal demand driven by North Indian retail bridal markets.

• 24K Gold Rate: ₹14,415 / gram (₹1,44,150 / 10g)

• 22K Gold Rate: ₹13,215 / gram (₹1,32,150 / 10g)

• 18K Gold Rate: ₹10,815 / gram (₹1,08,150 / 10g)

• Silver Rate: ₹235 / gram (₹2,35,000 / kg)

3. Tamil Nadu (Chennai, Coimbatore, Madurai)

Tamil Nadu accounts for one of the largest retail gold consumption bases in South India, with Chennai showing slightly higher local premiums.

• 24K Gold Rate: ₹14,460 / gram (₹1,44,600 / 10g)

• 22K Gold Rate: ₹13,255 / gram (₹1,32,550 / 10g)

• 18K Gold Rate: ₹10,845 / gram (₹1,08,450 / 10g)

• Silver Rate: ₹236 / gram (₹2,36,000 / kg)

4. West Bengal (Kolkata, Howrah, Siliguri)

Kolkata serves as the primary distribution hub for Eastern and North-Eastern Indian jewel craft markets.

• 24K Gold Rate: ₹14,400 / gram (₹1,44,000 / 10g)

• 22K Gold Rate: ₹13,200 / gram (₹1,32,000 / 10g)

• 18K Gold Rate: ₹10,800 / gram (₹1,08,000 / 10g)

• Silver Rate: ₹235 / gram (₹2,35,000 / kg)

5. Karnataka (Bengaluru, Mangaluru, Mysuru)

Driven by high urban disposable income, Bengaluru shows strong demand for both physical gold and digital accumulation products.

• 24K Gold Rate: ₹14,400 / gram (₹1,44,000 / 10g)

• 22K Gold Rate: ₹13,200 / gram (₹1,32,000 / 10g)

• 18K Gold Rate: ₹10,800 / gram (₹1,08,000 / 10g)

• Silver Rate: ₹235 / gram (₹2,35,000 / kg)

6. Telangana & Andhra Pradesh (Hyderabad, Vijayawada, Visakhapatnam)

Massive regional bridal demand keeps the twin Telugu states among the highest consumers of 22K hallmarked gold.

• 24K Gold Rate: ₹14,400 / gram (₹1,44,000 / 10g)

• 22K Gold Rate: ₹13,200 / gram (₹1,32,000 / 10g)

• 18K Gold Rate: ₹10,800 / gram (₹1,08,000 / 10g)

• Silver Rate: ₹236 / gram (₹2,36,000 / kg)

7. Gujarat (Ahmedabad, Surat, Vadodara)

Gujarat’s trading communities heavily utilize bullion for wealth preservation and commercial manufacturing.

• 24K Gold Rate: ₹14,405 / gram (₹1,44,050 / 10g)

• 22K Gold Rate: ₹13,205 / gram (₹1,32,050 / 10g)

• 18K Gold Rate: ₹10,805 / gram (₹1,08,050 / 10g)

• Silver Rate: ₹235 / gram (₹2,35,000 / kg)

8. Uttar Pradesh (Lucknow, Kanpur, Varanasi)

North India’s largest state demonstrates widespread rural and urban demand across traditional 22K and 24K coins.

• 24K Gold Rate: ₹14,415 / gram (₹1,44,150 / 10g)

• 22K Gold Rate: ₹13,215 / gram (₹1,32,150 / 10g)

• 18K Gold Rate: ₹10,815 / gram (₹1,08,150 / 10g)

• Silver Rate: ₹235 / gram (₹2,35,000 / kg)

Master State-Wise Comparison Table (4 August 2026)

Purity Spectrum Explained: 24K vs. 22K vs. 18K

1. 24 Karat Gold (99.9% Purity)

• Composition: 99.9% pure gold with negligible trace elements.

• Characteristics: Distinct bright yellow sheen, highly malleable, soft.

• Best Used For: Gold bullion, minted coins, structural investment bars.

• Today’s Rate: ₹14,400 / gram.

2. 22 Karat Gold (91.6% Purity)

• Composition: 91.6% pure gold mixed with 8.4% alloy metals (such as copper, silver, or zinc) to increase structural hardness.

• Characteristics: Highly durable while preserving rich golden color.

• Best Used For: Traditional Indian bridal jewellery, neckpieces, bangles.

• Today’s Rate: ₹13,200 / gram.

3. 18 Karat Gold (75.0% Purity)

• Composition: 75.0% pure gold blended with 25.0% alloy elements.

• Characteristics: Exceptional structural strength, ideal for encasing gemstones and diamonds. Available in Yellow, Rose, and White Gold variants.

• Best Used For: Daily-wear fashion jewellery, stud earrings, diamond rings.

• Today’s Rate: ₹10,800 / gram.

How to Calculate the Final Purchase Price of Gold Jewellery

When purchasing physical gold jewellery from retail jewellers, the final bill includes additional components beyond the raw gold rate.

The Standard Billing Formula

Step-by-Step Billing Example (10 Grams of 22K Gold Jewellery)

To illustrate how today’s price applies in a real-world purchase scenario:

1. Raw 22K Gold Cost:

   {₹13,200 per gram} 10{ grams} ={₹1,32,000}

2. Making Charges (Assuming 10% average):

   10% { of ₹1,32,000} ={₹13,200}

3. Subtotal before Taxes:

   {₹1,32,000} + {₹13,200} = {₹1,45,200}

4. GST Application (3% on total product value):

   3% { of ₹1,45,200} ={₹4,356}

5. Final Invoice Amount:

   {₹1,45,200} +{₹4,356} = {₹1,49,556}

Consumer Tip: Always negotiate making charges (which vary between 8% and 25% depending on design complexity) and ensure the final invoice explicitly displays the BIS Hallmark HUID code.

Key Buyer Protection Checklist: Ensuring Quality & Authenticity

When buying gold or silver in India, follow these mandatory verification checks:

1. BIS Hallmarking (HUID): Bureau of Indian Standards (BIS) hallmarking is mandatory. Ensure every piece carries the 6-digit alphanumeric Hallmark Unique Identification (HUID) code stamped along with the BIS logo and purity mark (e.g., 22K916, 18K750).

2. Demand Itemized Invoices: The bill must clearly list gold purity, exact weight in grams, prevailing raw gold rate of the day, making charges per gram, and 3% GST breakdown.

3. Verify Buyback Terms: Inquire about the jeweller’s buyback and exchange policies. Standardized jewellers offer 100% value on gold content during exchange based on prevailing market rates.

4. Check Digital Scales: Verify that the jeweller uses calibrated, certified digital weighing scales down to milligrams.

Market Outlook: What to Expect in the Coming Weeks

Market analysts suggest that gold and silver will remain in a consolidation phase with a bullish bias. Key macro trends to monitor include:

• Central Bank Accumulation: Global central banks continue to accumulate gold reserves as part of asset diversification strategies.

• Federal Reserve Interest Rate Trajectory: Any signal of rate adjustments in global markets tends to boost non-yielding assets like gold and silver.

• Monsoon & Rural Demand: A favorable monsoon across India is expected to boost rural agricultural incomes, driving healthy seasonal demand for precious metals heading into the third and fourth quarters.

Frequently Asked Questions (FAQs)

Q1: What is the price of 24K gold in India today (August 4, 2026)?

The price of 24K gold stands at ₹14,400 per gram (₹1,44,000 per 10 grams), registering a drop of ₹22 per gram from the previous close.

Q2: What is today’s silver price per kg in India?

Silver is trading at ₹235 per gram and ₹2,35,000 per kilogram, staying steady with no change from yesterday’s price.

Q3: Why do gold prices vary slightly from city to city?

City-wise variations stem from local transport logistics, regional jewellers’ association rate fixing, local octroi/duties, and regional demand differences.

Q4: Is 24K gold suitable for making everyday jewellery?

No. Pure 24K gold is too soft and prone to bending or scratching. 22K gold (91.6% purity) or 18K gold (75% purity) are standard for crafting durable jewellery.

Q5: What taxes apply when purchasing gold in India?

A standard 3% Goods and Services Tax (GST) applies to the total value of the gold plus making charges.

Disclaimer: We collect these market rates from different news channels and local trade updates just to share information. Please do not take this as financial or investment advice. Gold and silver prices change fast every day because of market shifts and local tax rules. We strictly recommend checking the live current rates in your city and talking to a financial expert before buying anything.