The price of gold continues to climb across India, with investors seeing it as a strong safeguard against inflation. On the current market, 24-carat gold is priced at ₹9,797 per gram, while 22-carat gold is at ₹8,980 per gram. For 18-carat gold, also referred to as 999 gold, the price stands at ₹7,348 per gram.
Gold has long been considered a safe asset, and as concerns about inflation and global uncertainty grow, it has become more attractive to investors. “Gold is becoming an increasingly important investment in the minds of investors,” experts say.
Let’s take a look at how gold prices changed today across major Indian cities:
Gold Price in Delhi
In Delhi, gold prices have increased across all purity levels:
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18-carat gold is now selling at ₹7,360 per gram, up from ₹7,327 the previous day.
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22-carat gold is available at ₹8,995 per gram today, compared to ₹8,955 yesterday.
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24-carat gold has touched ₹9,812 per gram, rising from ₹9,768 yesterday.
Gold Price in Mumbai
Mumbai also saw a slight rise in gold rates:
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22-carat gold is priced at ₹8,980 per gram, up from ₹8,940.
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24-carat gold is currently ₹9,797 per gram, compared to ₹9,753 the day before.
Gold Price in Bangalore
The trend of rising prices continued in Bangalore:
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18-carat gold is now at ₹7,348 per gram, higher than ₹7,315 yesterday.
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22-carat gold has gone up to ₹8,980 per gram from ₹8,940.
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24-carat gold reached ₹9,797 per gram, up from ₹9,753.
Gold Price in Chennai
Chennai experienced noticeable growth in 18-carat gold prices:
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18-carat gold rose to ₹7,435 per gram from ₹7,405.
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22-carat gold stayed consistent with other cities at ₹8,980 per gram, compared to ₹8,940 the day before.
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24-carat gold is now ₹9,797 per gram, slightly up from ₹9,753.
Gold Price in Hyderabad
In Hyderabad, gold prices saw one of the sharpest daily jumps:
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18-carat gold is priced at ₹7,348 per gram, up from ₹7,315.
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22-carat gold increased significantly to ₹8,980 per gram from ₹8,353.
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24-carat gold jumped to ₹9,797 per gram, compared to ₹9,112 just a day ago.
Why Are Gold Prices Rising?
Gold’s steady rise is largely due to its role as a financial safety net. With economic pressures and inflation fears, many are turning to gold to preserve their wealth. Its value tends to hold up well when the value of currency falls, making it a preferred choice for long-term investment.
