Gold Prices in India Plummet on August 14

Gold prices in India declined on August 14, with all three major purity categories recording losses. The 24K gold rate fell to ₹15,289 per gram, while 22K gold declined to ₹14,015 per gram and 18K gold dropped to ₹11,467 per gram.

The declines were across the board, with 24K gold down by ₹71 per gram, 22K gold falling by ₹65 per gram, and 18K gold dropping by ₹53 per gram. For larger quantities, the day's move translated to a ₹568 decline for 8 grams of 24K gold and a ₹710 decline for 10 grams.

For those planning to invest in gold instead of buying physical gold, HDFC Sky suggests checking their list of Gold ETFs: https://hdfcsky.com/etf/gold-etf. The quoted gold rates are indicative and do not include GST, TCS, and other applicable levies.