Gold price today: gold, silver prices fall, know the latest rate of August 28
2 min readGold Price Today 28 August 2020: Gold and silver prices fell only after climbing one day. On Friday, gold and silver rates opened in the bullion markets across the country with a fall and later closed down despite a slight correction. Today 24-carat gold opened at Rs 50,929 per 10 grams and silver at the rate of Rs 64711 per kg. At the end of trading, gold was cheaper by only Rs 45 and closed at 51177. On the other hand, silver declined by Rs 554 per kg.
According to the India Bullion and Jewelers Association website (ibjarates.com), on 28 August 2020, the gold and silver spot prices across the country remained as follows…
August 28 Final Rate
| Metal | 28 August rate (Rs / 10g) | Rate of 27 August (Rs / 10g) | Rate change (Rs / 10g) |
| Gold 999 (24 carat) | 51177 | 51222 | -45 |
| Gold 995 (23 carat) | 50972 | 51017 | -45 |
| Gold 916 (22 carat) | 46878 | 46919 | -41 |
| Gold 750 (18 carat) | 38383 | 38417 | -34 |
| Gold 585 (14 carat) | 29939 | 29965 | -26 |
| Silver 999 | 64834 Rs/Kg | 65388 Rs/Kg | -554 Rs/Kg |
Gold was cheaper in Delhi bullion market also
In the national capital, New Delhi, gold prices fell by Rs 252 to Rs 52,155 per 10 grams on Friday. According to HDFC Securities, the precious metal had closed at Rs 52,407 per 10 gram in previous trade. However, the price of silver rose by Rs 462 to Rs 68,492 per kg. HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “24-carat gold prices have declined by Rs. 252 in Delhi, while the rupee has appreciated despite the rise in international prices.” In the international market, gold is trading at $ 1,949 an ounce and silver at $ 27.33 an ounce.
Gold prices rise in Indore, silver is cheaper
Gold prices rose by Rs 150 per 10 grams in Indore Sarafa Bazar on Thursday. Silver sold cheap at Rs 475 per kg. In spot trade, gold was 50450 in high, Rs. 50250 in 10 grams and silver 59.5 in higher and Rs. 59150 in lower.
August 28 morning rate
| Metal | 28 August rate (Rs / 10g) | Rate of 27 August (Rs / 10g) | Rate change (Rs / 10g) |
| Gold 999 (24 carat) | 50929 | 51222 | -293 |
| Gold 995 (23 carat) | 50725 | 51017 | -292 |
| Gold 916 (22 carat) | 46651 | 46919 | -268 |
| Gold 750 (18 carat) | 38197 | 38417 | -220 |
| Gold 585 (14 carat) | 29793 | 29965 | -172 |
| Silver 999 | 64711 Rs/Kg | 65388 Rs/Kg | -677 Rs/Kg |
The reason for the fall in the gold rate
International gold prices have come down to around $ 1950 an ounce. The US dollar has rebounded strongly due to good economic data. At the same time, the rise in US bond yield, expectation of treatment of corona and possibility of trade deal between US-China has started putting pressure on gold. This is why gold rates are falling. Explain that the rate issued by IBJA is universally accepted. However, GST has not been included in the rate given on this website. When buying and selling gold, you can refer to the rate of IBJA.
