The single-day drop, Aug. 29 -- MUMBAI - For Indian jewellers opening their shops on Saturday morning, the price board told a different story than it did at the start of the week. Gold fell sharply overnight, with 24-carat bullion dropping to Rs.15,824 per gram across most major cities - a Rs.289 decline from Friday's close - as the dollar strengthened following Federal Reserve Chair Kevin Warsh's unexpectedly hawkish remarks at the Jackson Hole economic symposium in Wyoming.

gold has gained more than 29 per cent year-over-year in rupee terms and roughly 10 per cent in August alone - on pace for its best monthly performance since January.

Today's indicative retail gold rates for August 29, 2026, do not include GST, TCS, or jewellery-mak...