Gold price today in India August 22 shows high volatility as investors await Jerome Powell’s Jackson Hole Symposium speech.
Gold price today in India August 22 showed high volatility as traders waited for US Fed Chair Jerome Powell’s remarks at the Jackson Hole Symposium. In Mumbai, 24-carat gold stood at Rs 1,00,760 per 10 grams and 22-carat gold at Rs 92,310 per 10 grams. Silver was priced at Rs 1,16,100 per kg. Futures trade also reflected caution. International gold rates moved lower as investors avoided big bets before Powell’s address.
In Mumbai, gold rates held at Rs 1,00,760 per 10 grams for 24-carat and Rs 92,310 for 22-carat. Silver traded at Rs 1,16,100 per kg. On the MCX futures market, gold futures expiring on August 5, 2025, fell 0.15% to Rs 99,285 per 10 grams. Silver futures expiring on September 5, 2025, dropped 0.11% to Rs 1,13,580 per kg in morning trade.
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In global trade, US spot gold slipped 0.1% to $3,335.22 per ounce by 0210 GMT. US gold futures for December delivery dropped 0.1% to $3,378.70. Investors held back, awaiting Powell’s keynote at Jackson Hole on Friday at 1400 GMT (7:30 pm IST). His speech is expected to give new direction to the monetary policy outlook.
Last month, Fed officials Michelle Bowman and Christopher Waller supported a quarter-point rate cut to counter job market weakness. However, their proposal lacked wider support. The Fed has held rates steady since December. CME’s FedWatch tool shows an 85% probability of a quarter-point rate cut in September, and gold typically performs strongly when interest rates are low, and uncertainty rises.
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Gold prices in India change every day because of global market trends, import duties, taxes, and currency exchange rates. These factors together decide the final rate and in India, gold is not just an investment, it is also a part of culture. People buy it during weddings and festivals and because the market keeps changing, many investors keep a close watch on gold prices to protect their money.
