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With 24-carat gold at Rs 12,315 per gram and 22-carat at Rs 11,290 in Delhi, cities across India are witnessing elevated prices. But what’s driving this surge and is the trend likely to last? Read on for city-wise rates, festival impact, future outlook, and buying tips.
Future trend could see further gains amid inflation.
New Delhi: Gold prices continued their upward streak in India today, touching Rs 12,315 per gram for 24-carat and Rs 11,290 for 22-carat in Delhi. The yellow metal’s rally mirrors firm global trends and strong domestic demand, keeping rates elevated across major cities including Mumbai, Kolkata, Hyderabad, and Chennai.
Current Rate in Delhi
In the national capital, gold continues its strong run: 24-carat gold is priced at Rs 12,315 per gram, the 22-carat variant at Rs 11,290 per gram, while 18-carat stands around Rs 9,240 per gram. These figures reflect the domestic market’s response to global cues, currency movements, and festive season demand.
According to broader national data, the 24K rate has been hovering above Rs 12,100 per gram, 22K around Rs 11,130–11,300 per gram, and 18K close to Rs 9,200–9,300 per gram.
For consumers in Delhi, the message is clear: gold remains expensive, and purchase decisions should factor in both current pricing and prospective trends.
City-Wise Snapshot
Mumbai
In Mumbai, 24K gold is being quoted around Rs 12,328 per gram, 22K near Rs 11,300/g, and 18K around Rs 9,246/g.
Being the bullion and jewellery hub of the country, Mumbai’s rates typically reflect tighter premiums and higher transparency, yet costs remain high in line with national benchmarks.
Kolkata
Kolkata’s per-gram pricing is nearly aligned with other metros: 24K at approximately Rs 12,562/g, 22K about Rs 11,515/g, and 18K near Rs 9,422/g.
Eastern buyers face similar cost pressures, underscoring the nationwide scale of the surge.
Hyderabad
In Hyderabad, the market is quoting 24K at around Rs 12,562/g, 22K at Rs 11,515/g, and 18K at Rs 9,422/g.
The South Indian jewellery market is therefore under the same strong pricing environment as other major centres.
Chennai
Chennai’s current culture of gold purchase is matched by its rates: 24K at about Rs 12,545/g, 22K at Rs 11,500/g, and 18K at Rs 9,625/g.
For Tamil Nadu buyers, the elevated pricing underscores the need to pick timing and carat carefully.
Future Trend Outlook
Industry analysts expect gold to maintain its elevated status in the near term. Key drivers include global inflationary pressures, a weak Indian rupee, safe-haven demand from investors, and customs or import duty layers adding to domestic cost. With geopolitical tensions and interest-rate policies in flux, many see potential for further upside or at least consolidation at high levels.
For regular buyers, this means the “buy now” option may get costlier later, but it also signals that timing, purity, and making charges become even more critical in value assessment.
Air India passenger caught with Rs 20 lakh gold hidden under plastic bottle cap; Full story here
Why Were Prices So High in the Festive Season?
The festival and wedding seasons have historically driven gold demand, and this time was no different. Premiums in India during Dhanteras and Diwali shot up to over a decade’s high as buyers rushed to purchase jewellery and investment bars.
Add to that: supply bottlenecks, higher import duty, rupee weakness, and global bullion prices, all combined to create a perfect storm for high domestic rates. For many customers, this meant paying significantly more per gram than in quieter months.
What to Consider When Buying Gold?
Before making a gold purchase, keep these key factors in mind:
As recent analysis shows, buyers in India are already shifting toward lighter and lower-carat jewellery as a cost-mitigation measure.
