{
  "type": "article",
  "title": "Gold Rates Pause After Rally: Check 24K, 22K and 18K Prices on August 23",
  "summary": "Gold prices took a breather on Sunday following a powerful three-day surge that pushed rates near record levels across major Indian cities.",
  "content": "Gold prices have paused for a breather on Sunday following an extraordinary three-day rally that kept the bullion market buzzing. After a back-to-back surge pushed rates near record highs, today's market saw no major movements. This exceptionally bullish week has driven up gold rates across India multiple times, presenting significant challenges for traditional buyers and families preparing for the upcoming wedding season.\n\nIn the domestic market, the price of 24-carat gold currently sits above Rs. 1,63,000 per 10 grams, while the 22-carat variant hovers near Rs. 1,49,500 per 10 grams. Globally, spot gold closed 2 percent higher on Friday as the dollar slipped by 0.06 percent, making alternative investments like gold more attractive to investors.\n\nOn August 23, the 22-carat gold rate held steady at previous levels, costing Rs. 1,49,500 per 10 grams. Meanwhile, 24-carat gold stood at Rs. 1,62,090 per 10 grams, and 18-carat gold retailed at Rs. 1,22,320 per 10 grams. For bulk buyers, 100 grams of 22-carat gold is priced at Rs. 14,95,000, while 100 grams of 24-carat gold is retailing at Rs. 16,20,900.\n\nCity-Wise Price Breakdown\nRegional markets mirrored this national stability. In Chennai, the 22-carat gold rate today was recorded at Rs. 1,49,500 per 10 grams, while the 24-carat variety reached Rs. 1,62,090 per 10 grams, with 18-carat gold available at Rs. 1,22,320 per 10 grams. Similarly, in Hyderabad, 22-carat gold traded at Rs. 1,49,500 per 10 grams and 24-carat gold stood at Rs. 1,62,090 per 10 grams.\n\nMCX Futures and Silver Trends\nGold futures on the Multi Commodity Exchange maturing on October 5 closed 0.73 percent higher at Rs. 1,54,590. Silver futures expiring on September 4 edged up by 0.15 percent. In the physical market on Sunday, August 23, silver showed minimal movement, with 1 kilogram priced at Rs. 2,70,000 and 100 grams retailing at Rs. 27,000.\n\nExpert Outlook and Macro Factors\nAccording to commodity outlook reports, spot gold is expected to find support near $4480 and rise toward the $600 level driven by a soft dollar and safe-haven buying. Prices may also receive support as U.S. Treasury Secretary Scott Bessent indicated he might further increase government repurchases of Treasuries. Based on the CME Fedwatch Tool, traders are pricing in a 64 percent probability that the Federal Reserve will maintain current interest rates and a 36 percent chance of a rate hike in September. However, sharp upward momentum could be capped as surging crude oil prices heighten inflation concerns and increase pressure on the central bank to tighten monetary policy.\n\nWhat this means for you\nAcross India: High gold prices may strain budgets for households and traditional buyers purchasing jewelry ahead of the wedding season.\n\nQuestions & Answers\n\n1. What is the price of 24-carat gold today?\nThe price of 24-carat gold stands at Rs. 1,62,090 per 10 grams.\n\n2. How much does 22-carat gold cost?\nThe 22-carat gold rate is steady at Rs. 1,49,500 per 10 grams.\n\n3. What is the price of 1 kg of silver?\nSilver is priced at Rs. 2,70,000 per kilogram in the domestic market.\n\n4. What are the gold rates in Chennai and Hyderabad?\nIn both Chennai and Hyderabad, 22-carat gold is available at Rs. 1,49,500 and 24-carat gold at Rs. 1,62,090 per 10 grams.",
  "url": "https://trendkia.com/en/market/gold-rates-pause-after-rally-check-24k-22k-and-18k-prices-on-august-23-20559",
  "category": "Market",
  "publishedAt": "2026-08-23",
  "tags": [
    "Gold Rate",
    "Bullion Market",
    "Gold Price Today",
    "Silver Price",
    "MCX Futures"
  ],
  "language": "en",
  "site": "TrendKia"
}