Gold rate today: 24k vs 22k vs 20k vs 18k
On August 11, 2026, gold prices increased across major jewellery retailer brands in various Indian cities. Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers reported higher 22K gold rates compared to the previous day. The India Bullion and Jewellers Association (IBJA) also announced a rise in their indicative retail rates for 24K, 22K, 20K, 18K, and 14K gold, as well as 999-purity silver.
Prithviraj Kothari, managing director at RiddiSiddhi Bullions Ltd., president of the IBJA, stated that gold climbed to a two-month high at $4400 as investment demand grew and China's central bank added 20 tons of gold reserves in July, its largest monthly addition since October 2023. Iran and Oman are reportedly nearing a deal on new Strait of Hormuz shipping lanes, but Iran still seeks US compensation and sanctions rollback before fully reopening the strait.
Upcoming US CPI and PPI data will influence Federal Reserve rate expectations following weak July jobs numbers. Technical analysis suggests gold may break above $4200, potentially reaching $4,500 in the long term, while silver could surpass $63, possibly moving to $70-71.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
