Gold Price Today: Delhi Rate Hits 5-Month High of Rs 1.64 Lakh, Silver Jumps Rs 3,500 on Safe-Haven Demand

Gold prices in Delhi’s bullion market touched a five-month high on Monday, 24 August, as safe-haven demand and a weaker US dollar lifted the yellow metal. 24-karat gold rose Rs 900 to Rs 1,64,400 per 10 grams, up from Friday’s Rs 1,63,500. Silver kept pace, jumping Rs 3,500 to Rs 2,53,500 per kg in its third straight session of gains. Rising US-Iran tensions and a soft dollar have driven investors toward safe assets, though the market’s next move now hinges on the US Federal Reserve. Here is the complete breakdown of prices, drivers and what analysts are watching next.

Gold Price Today in Delhi

In Delhi’s bullion market, 24-karat gold rose Rs 900 on Monday, 24 August, to reach Rs 1,64,400 per 10 grams. That is up from Rs 1,63,500 per 10 grams on Friday, the previous trading session.

According to the All India Sarafa Association, gold was last around this level on 9 March, when it was priced at Rs 1,64,300 per 10 grams. Monday’s price therefore marks the metal’s highest level in over five months.

Silver Price Today

Silver also extended its rally on Monday, marking its third consecutive session of gains. The price jumped Rs 3,500 to Rs 2,53,500 per kg, up from the previous session’s close of Rs 2,50,000 per kg.

This level was last seen on 17 April, when silver traded at Rs 2,53,000 per kg, meaning Monday’s price is now marginally above that April high.

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Why Gold Hit a 5-Month High

Gaurav Garg, Head of Research at Lemonn Markets Desk, said the rally in the domestic market was driven mainly by a weaker US dollar and strong safe-haven demand. Rising tensions between the United States and Iran have pushed investors toward safe assets, a classic pattern where geopolitical risk sends capital flowing into gold and silver rather than riskier instruments.

International Spot Gold and Silver Prices

The rally was not limited to India. Spot gold rose $42.45, or about 1%, to $4,646.54 per ounce in international markets. Silver held largely steady at around $69 per ounce.

What Analysts Are Watching Next: The Fed and Inflation

Kaynat Chainwala, AVP Commodity Research at Kotak Securities, flagged the next risk to watch: if the Iran tension pushes crude oil prices higher, it could complicate the inflation picture for the US Federal Reserve. The market’s focus now shifts to whether the Fed treats any resulting price rise as temporary, or whether it signals a bigger inflation risk, a judgment call that would directly influence the Fed’s next policy moves and, in turn, gold’s trajectory from here.

Frequently Asked Questions (FAQs)

Q1. What is the gold price today in Delhi?

24-karat gold in Delhi rose Rs 900 to Rs 1,64,400 per 10 grams on Monday, 24 August, up from Rs 1,63,500 on Friday.

Q2. What is the silver price today?

Silver jumped Rs 3,500 to Rs 2,53,500 per kg on Monday, its third straight session of gains, up from Rs 2,50,000 per kg previously.

Q3. Why did gold prices rise to a 5-month high?

A weaker US dollar and safe-haven demand amid rising US-Iran tensions drove the rally, pushing gold to its highest level since around 9 March, when it was at Rs 1,64,300 per 10 grams.

Q4. What is the international spot gold price today?

Spot gold rose $42.45 (about 1%) to $4,646.54 per ounce, while spot silver held steady near $69 per ounce.

Q5. What could affect gold prices going forward?

Analysts are watching whether rising US-Iran tensions push crude oil prices higher, which could complicate the US Federal Reserve’s inflation outlook and influence its future policy decisions.

Q6. When was silver last at this price level?

Silver was last near Rs 2,53,500 per kg on 17 April 2026, when it traded at Rs 2,53,000 per kg.