MOHAMMAD ZIYAUDDIN
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India is the world’s second-largest consumer of gold, after China, with most of its demand met through imports and recycled bullion. The price of gold in India is influenced by multiple factors, including:
Global gold prices (denominated in USD)
US dollar value and bond yields
Import duties and local taxes
Inflation and market trends
Gold is widely regarded as a safe-haven investment, particularly during times of economic uncertainty and inflation.
Latest Gold Rates in 10 Major Cities (Per Gram)
| City | 22K Gold (₹/Gram) | 24K Gold (₹/Gram) |
|---|---|---|
| Delhi | ₹8,055 | ₹8,786 |
| Chennai | ₹8,040 | ₹8,771 |
| Bengaluru | ₹8,040 | ₹8,771 |
| Mumbai | ₹8,040 | ₹8,771 |
| Pune | ₹8,040 | ₹8,771 |
| Kolkata | ₹8,040 | ₹8,771 |
| Ahmedabad | ₹8,045 | ₹8,776 |
| Hyderabad | ₹8,040 | ₹8,771 |
| Indore | ₹8,045 | ₹8,776 |
| Lucknow | ₹8,055 | ₹8,786 |
Why Are Gold Prices Rising in India?
Gold prices for both 22K and 24K have been on a steady rise, reinforcing its reputation as a reliable investment.
Durability & Stability: Gold remains a preferred investment for those seeking long-term financial security.
Safe Haven Asset: With economic fluctuations, investors turn to gold to hedge against inflation and currency depreciation.
Cultural Significance: Gold plays a key role in Indian weddings, festivals, and savings traditions, ensuring consistent demand.
