Gold Rate Today: The gold price in India today stands at Rs 15,824 per gram for 24 carat gold, Rs 14,505 per gram for 22 carat gold, and Rs 11,868 per gram for 18 carat gold, as per Good Returns.
The price of 24K gold today, August 29, 2026, reflects a decrease of Rs 289 compared to August 28. Similarly, the prices for 22K and 18K gold currently stand at Rs 14,505 and Rs 11,868 respectively, marking decreases of Rs 265 and Rs 217 over the previous day.
Market Context
Gold and silver prices experienced a short dip when international panic subsided, despite high 15% tax rates. However, ongoing turmoil in the Middle East has kept precious metal markets fluctuating daily.
Iran’s Islamic Revolutionary Guard Corps (IRGC) claims it retains total control over the Strait of Hormuz, accusing U.S. officials of fabricating claims about the waterway to manipulate global oil markets. In contrast, the White House informed Al Jazeera that its naval blockade is fully operational, insisting the strait is open and free of mines while confirming that Washington is not engaged in any discussions with Tehran.
