Gold and silver prices rose this week. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold increased by Rs 8,257 to Rs 1.61 lakh. Earlier, it was at ₹1.52 lakh last week, i.e., on August 14. Meanwhile, silver rose from ₹2.34 lakh per kg to ₹2.47 lakh, with its price increasing by ₹12,788. Gold price by carat Gold prices in major cities of the country Source: goodreturns August 22, 2026 Gold has become ₹28 thousand more expensive this year This year, the prices of gold and silver are seeing continuous fluctuations. Gold has become ₹28 thousand more expensive so far in 2026. On December 31, 2025, 10g gold was at ₹1.33 lakh, which has now reached ₹1.61 lakh. Meanwhile, silver was 2.30 lakh rupees per kg on December 31, 2025, which has now reached 2.47 lakh rupees. During this period, on January 29, gold and silver also made all-time highs of 1.76 lakh rupees and 3.86 lakh rupees respectively. Gold and Silver’s Trend So Far This Year Note:- Gold price per 10 grams and silver price in kilograms | Source:- IBJA By December, gold can reach up to ₹1.70 lakh and silver up to ₹3 lakh. Anindya Banerjee, Senior VP and Head of Commodity Research at Kotak Securities, says that gold is supported not only by common investors but also by central banks worldwide, such as the RBI, who are continuously buying gold. Gold will continue to rise even in difficult times ahead. If conditions improve, silver may also see a surge. According to the current future outlook, the price of gold could reach up to ₹1.70 lakh by December. The price of silver could also go up to ₹3 lakh. Keep these 3 things in mind while buying gold from jewelers 4 ways to identify real silver Post navigation Working women spend more on beauty products than men:Gen Z set to become beauty market’s biggest consumer by 2030
