New Delhi: Gold continued its upward trajectory on Saturday, with gold prices recording a slight rise across key Indian markets. According to latest data, 24K gold is priced at Rs 13,293 per gram, marking an increase of Rs 1, while 22K gold stands at Rs 12,186 per gram, also up by Rs 1. Meanwhile, 18K gold has seen a marginal dip of Rs 1, now trading at Rs 9,721 per gram.
This minor yet steady increase in gold rates reflects renewed investor interest amid global economic uncertainties and strong domestic demand during the festive season.
Gold Rate in Delhi NCR
In the Delhi-NCR region, gold prices continue to hover around new highs. 24K gold is currently retailing at Rs 13,293 per gram, while 22K gold stands at Rs 12,186 per gram. Local jewellers report consistent buying activity, particularly as wedding and festive seasons approach.
Experts suggest that price stability in the capital is linked to a combination of steady global spot rates and a weakening rupee against the US dollar.
Gold Rate in Mumbai
In Mumbai, one of India’s largest bullion hubs, gold prices mirror the national average. 24K gold is priced at Rs 13,293 per gram, while 22K gold trades at Rs 12,186 per gram. Despite the slight rise, retailers say demand remains strong, supported by both investment and jewellery purchases.
Bullion traders expect prices to stay firm as import costs and international market fluctuations continue to influence local rates.
Gold Hits All-Time High Ahead of Dhanteras Amid Festive and Global Push
Gold Rate in Kolkata
In Kolkata, gold rates are showing a similar pattern. 24K gold costs Rs 13,293 per gram, and 22K gold is available at Rs 12,186 per gram. The city, known for its traditional jewellery market, has seen increased sales in anticipation of upcoming Durga Puja celebrations.
Analysts say that cultural and religious events in the eastern region typically drive higher gold consumption during this period.
Gold Rate in Hyderabad
In Hyderabad, the demand for gold remains strong despite the minor price fluctuations. 24K gold is retailing at Rs 13,293 per gram, while 22K gold stands at Rs 12,186 per gram. Traders attribute the steady price growth to stable global gold trends and consistent local demand.
Gold Rate in Bangalore
Bangalore has witnessed similar pricing trends, with 24K gold holding steady at Rs 13,293 per gram and 22K gold at Rs 12,186 per gram. Local jewellers report a positive outlook as consumer interest remains high ahead of the festive and wedding seasons.
Comparison with Last Month’s Rates
Compared to last month, gold prices have seen a moderate increase of Rs 30–50 per gram, depending on purity and region. The upward trend has been largely driven by international market cues, including speculation around interest rate cuts by the US Federal Reserve and geopolitical tensions that often push investors toward safe-haven assets like gold.
Market experts suggest that if global inflation remains sticky and central banks maintain a cautious stance, gold prices in India may continue to hover near current levels or edge higher in the coming weeks.
Should You Buy Now or Wait for a Dip?
Analysts say that with gold prices showing only a slight upward movement, this could be a favorable time for long-term investors to start accumulating. However, short-term buyers looking for lower entry points may wait for a minor dip after the festive rush. Given global uncertainties and steady domestic demand, experts predict gold will remain a stable asset for wealth preservation.