Bullion.co.in lists 24K gold at Rs 1.59 lakh per 10 gm; silver gains 107% year-on-year
Bullion.co.in’s August 27 update shows 24K gold at Rs 1,59,400 per 10 gm and 999 fine silver at Rs 2,40,200 per kg across major metros. Gold was down 0.3% week-on-week but up nearly 57% year-on-year; silver was down 1.7% for the week and up 107% annually.
What happened
Bullion.co.in · Indian gold and silver prices were updated across major metros. Chennai had the highest quoted prices and Delhi the lowest. Gold was marginally
Key facts
- 24K gold: Rs 1,59,400 per 10 gm
- 22K gold: Rs 1,46,117 per 10 gm
- Silver 999 fine: Rs 2,40,200 per kg
- Silver 925 sterling: Rs 2,22,185 per kg
- Gold down 0.3% over one week and up nearly 57% year-on-year
- Silver down 1.7% over one week and up 107% year-on-year
Why this matters
Elevated and volatile metal prices increase the strategic appeal of targets and partnerships in recycling, gold-loan sourcing, hedging technology and lightweight-jewelry manufacturing.
What to watch
- Weekly bullion volatility exceeding recent 1%-2% moves, especially a sharp reversal after the annual rally.
- Wedding-season gram-volume trends versus nominal revenue growth at organised jewellers.
- Growth in exchange/recycling transactions, gold-savings-plan redemptions and demand for lower-carat products.
- Changes in making charges, discounts and retailer inventory days.
- Rupee movement, import-duty policy, central-bank gold buying and global real-rate expectations.
- Silver ETF, industrial-demand and retail coin/bar demand indicators.
- Expand lightweight, 14K/18K, studded and silver-led assortments while preserving bridal visibility.
- Promote exchange, old-gold recycling, instalment plans and price-protection offers to reduce purchase deferral.
- Tighten bullion hedging, shorten replenishment cycles and monitor metal-loan exposure as working-capital needs rise.
- Use gram-weight and making-charge transparency in marketing rather than relying on absolute-ticket-price promotions.
- Segment silver inventory between investment bars/coins and fashion categories to limit exposure to speculative demand swings.