Gold prices decline due to easing of international tension; Click here for details

Today 24 carat gold is being sold at Rs 1,02,000 per 10 grams and 22 carat gold at Rs 92,740 per 10 grams. At the same time, silver has also become cheaper by Rs 100 and is available at Rs 1,16,100 per kg.

New Delhi: Last week, the meeting between US President Donald Trump and Russian President Vladimir Putin on the Ukraine ceasefire may have been inconclusive, but there have been signs of reduction in geopolitical tensions after this. Due to this, on Monday, August 18, 2025, there was a decline in the price of gold and silver in the domestic market. Today 24 carat gold is being sold at Rs 1,02,000 per 10 grams and 22 carat gold at Rs 92,740 per 10 grams. At the same time, silver has also become cheaper by Rs 100 and is available at Rs 1,16,100 per kg.

Latest price of your city

In the national capital Delhi and Jaipur, 24 carat gold is being sold at Rs 1,01,330 and 22 carat gold at Rs 92,900. In Ahmedabad and Patna, the price of 24 carat gold is Rs 1,01,230 and 22 carat gold is available at Rs 92,800. Similarly, in Hyderabad, Chennai, Bengaluru and Kolkata along with the financial capital Mumbai, 24 carat gold is trading at Rs 1,01,170 and 22 carat gold at Rs 92,740.

Experts say that due to reduction in international tension, investors' interest in gold, which is considered a safe investment, may decrease. If this trend continues, then gold prices may see further softening in the coming days.

How is the rate decided?

The prices of gold and silver keep changing daily and many global and domestic factors work behind them. The biggest reason is the dollar-rupee exchange rate. The price of gold and silver in the international market is fixed in US dollars, so when the dollar is strong or the rupee is weak, the price of gold increases in India.

The second big factor is customs duty and tax. India is the largest importer of gold, so import duty, GST and local taxes directly affect its prices. Apart from this, the situation of the international market also changes the prices. If there is a war, economic recession or a major change in interest rates in the world, then investors choose gold as a safe option. At such times, both the demand and price of gold increase.

Gold has another special aspect in India – its social and cultural importance. Buying gold on weddings, festivals and auspicious occasions is considered a tradition. Because of this, the demand for gold in India is always high and the prices are affected. Finally, inflation and investment outlook also give direction to the price of gold. When inflation increases, people turn to gold for safe investment, because for a long time it is considered an option giving better returns. This is the reason why gold always remains attractive for investors.