Gold prices in India have risen above the record ₹1 lakh level per 10 grams, as uncertainty in the world markets keeps fueling a rise in the yellow metal. The price of 24-carat gold is now above ₹10,000 per gram in all major Indian metropolises, such as Delhi, Mumbai, Chennai, Kolkata, and Bengaluru.
As per goodreturns.com, 24-carat is priced at ₹10,150 per gram in Delhi and surrounding cities such as Gurugram and Noida. In other metros such as Mumbai, Chennai, and Kolkata, the price is slightly lower at ₹10,135 per gram. For 22-carat gold, which is widely used in jewellery, the price is around ₹9,305 per gram in Delhi and ₹9,290 in other cities.
The following are the current 24-carat gold prices per gram:
Delhi: ₹10,150
Noida: ₹10,135
Gurugram: ₹10,135
Mumbai: ₹10,135
Chennai: ₹10,135
Bengaluru: ₹10,135
Kolkata: ₹10,135
Global Factors Drive Gold Rally
The rally in gold prices is due primarily to a mounting feeling of insecurity in global financial markets. In the US, gold futures rose 1.7% and ended at $3,482.40 on Monday night. The upsurge occurred following President Donald Trump’s blistering attack on Federal Reserve Chairman Jerome Powell.
“Tariff concerns and the tensions between Trump and the Fed boss have seen investors seeking safer havens, because of which gold has been able to take advantage of a softening dollar,” said Tim Waterer, head of market analysis at KCM Trade.
Trump has urged cuts in interest rates, in contrast to Powell’s move to keep rates at existing levels until more transparency on the effects of tariffs is known. “The President has threatened that the US economy may slow if rates are not lowered,” Waterer said.
Cultural and Financial Importance in India
Gold’s worth in India goes beyond being monetary. It forms a central part of festivals, weddings, and individual investment. As a hedge against inflation and economic crises, gold is a reliable asset that Indian families have faith in.
While global turbulence continues to shake markets, the yellow metal will continue to drive its ascent, particularly with investors looking for financial security in turbulent times.
