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India, the world's second-largest consumer of gold after China, heavily relies on imports and locally recycled gold to meet its demand. Domestic gold prices fluctuate based on several factors, including:
Global gold prices (denominated in US dollars)
Import duties and taxes
Bond yields and US dollar strength
Gold is traditionally seen as a hedge against inflation, making it a popular investment choice. With prices steadily rising, it remains a reliable and stable asset for investors.
Latest Gold Rates (Per Gram) in 10 Major Indian Cities
| City | 22-Karat Gold (₹/Gram) | 24-Karat Gold (₹/Gram) |
|---|---|---|
| Delhi | ₹8,091 | ₹8,825 |
| Mumbai | ₹8,076 | ₹8,810 |
| Chennai | ₹8,076 | ₹8,810 |
| Bengaluru | ₹8,076 | ₹8,810 |
| Kolkata | ₹8,076 | ₹8,810 |
| Hyderabad | ₹8,076 | ₹8,810 |
| Pune | ₹8,076 | ₹8,810 |
| Ahmedabad | ₹8,081 | ₹8,815 |
| Indore | ₹8,081 | ₹8,815 |
| Lucknow | ₹8,091 | ₹8,825 |
Why Are Gold Prices Rising?
Global Economic Uncertainty: Investors turn to gold during market volatility.
Inflation Hedge: Gold remains a preferred investment during inflationary periods.
Rupee-Dollar Exchange Rate: A weaker rupee increases gold import costs, driving prices higher.
