Commodities
Gold Price Soars in India as Interest Rate Anticipation Takes Hold
The price of gold continued to rise across domestic markets in India on August 29, 2026. The retail price for 24-carat gold hovered around ₹1.61 lakh per 10 grams, while 22-carat gold traded close to ₹1.48 lakh per 10 grams.
The prices showed minor regional variations due to municipal taxation, local logistics, and regional market dynamics. Despite these variations, the broader domestic trends continue to track international macroeconomic shifts and US Federal Reserve policy signals.
The key drivers behind the surge in precious metals include anticipation surrounding interest rate trajectories and global monetary policy, which influences investor appetite for non-yielding assets like gold and silver.