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With gold hovering near Rs 12,463 per gram for 24K and Rs 11,425 for 22K, what does the latest dip mean for buyers across Delhi, Ahmedabad, Lucknow and Uttarakhand and is now the time to lock in or hold back?
24K gold is at approximately Rs 12,463/g and 22K at Rs 11,425/g.
New Delhi: Across India, 24-carat gold is priced at around Rs 12,463 per gram, while 22-carat gold is about Rs 11,425 per gram (18K around Rs 9,351) based on recent data. These reflect declines of circa Rs 114 for 24K and Rs 105 for 22K compared to recent levels, indicating a slight pull-back. The marginal dip suggests short-term consolidation rather than a steep reversal. This early sign of softness likely mirrors global cues such as US interest-rate speculation, currency fluctuations and import duty dynamics.
In the Delhi market, 24K gold is being listed at around Rs 12,577 per gram and 22K at Rs 11,530/g. Over the month to late October 2025, the price moved from roughly Rs 11,879 for 24K (October 1) to Rs 12,577, an approximate rise of 5.9%. This shows steady upward momentum but also some volatility (the low was about Rs 11,819 for 24K). For buyers in the NCR region, the higher baseline implies more cost sensitivity; timing purchases around dips may make sense.
In Ahmedabad the rate for 24K is around Rs 12,567/g and 22K about Rs 11,515/g. The day-on-day change was modest, up by about Rs 16 for 24K and Rs 10 for 22K – showing relative stability in that market. Ahmedabad’s jewellery demand, regional tax regime and competition among jewellers keep spreads narrow. Buyers here should monitor local dealer making-charges and compare rates rather than relying solely on headline per-gram.
In Lucknow, latest published figures show 24K gold at around Rs 12,577 per gram and 22K at Rs 11,530/g. Over recent days the trend: eg, 22K moved from ~Rs 11,415 to Rs 11,530 (+Rs 115) and 24K from Rs 12,452 to Rs 12,577 (+Rs 125) (for 1-gram) according to data. The upward move is modest but consistent. In Lucknow, local demand tied to festivals, weddings and gifting remains strong – so price resilience is notable.
Why Are Gold Prices Falling? Key Reasons Behind the Recent Decline
In Uttarakhand the latest listing shows 24K at around Rs 12,340 per gram and 22K at around Rs 11,312/g. Compared to the other metros, the rates are marginally lower – likely due to lower overheads or differing local dealer mark-ups. If you are buying in Uttarakhand, this could represent a slightly better entry point, but do check whether these quotes include making-charges, GST or other levies.
Over the past month gold has generally trended upward.
Over the past month gold has shown a steady climb, for example in Delhi the 24K rate rose around 5-6% from early October to now. However the pace has moderated and some analysts warn the metal is entering an “overheated zone”. Key drivers: global safe-haven demand, rupee weakness (makes imports costlier) and festival/ wedding season demand domestically. On the flip side, if global interest rates rise, inflation recedes or rupee strengthens, gold may see a correction.
Looking ahead, if geopolitical or inflation risks intensify, gold could push further, possibly nudging 24K above Rs 13,000/g in some markets. On the other hand, if macro conditions improve, there may be consolidation or even small dips, offering buying opportunities for disciplined buyers.
