Gold Rate Today: Indian Gold Prices Fall; 24K, 22K, and 18K Rates Reduced With City-Wise Variations

The price of gold today continues to fluctuate. Nowadays, this fluctuation is primarily due to a stronger dollar and a weakening rupee, while at other times it is affected by geopolitical tensions and investor reluctance to invest in gold. As a result, gold prices today have fallen slightly, with 24-karat gold standing at Rs 9,982 per gram, 22-karat gold at Rs 9,150 per gram, and 18-karat gold at Rs 7,487 per gram. This represents a price reduction of Rs 11 for 24K gold, Rs 10 for 22K gold, and Rs 8 for 18K gold from their previous prices.

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While these prices reflect an all-India average, gold prices can also vary city-wise. Here are the gold prices listed city-wise:

Gold Prices City-Wise Across Major Cities in India:

Chennai: The price of 24K gold in Chennai stands at Rs 9,982, 22K gold at Rs 9,150, and 18K gold at Rs 7,545.
Mumbai: The price of 24K gold in Mumbai stands at Rs 9,982, 22K gold at Rs 9,150, and 18K gold at Rs 7,487.
Delhi: The price of 24K gold in Delhi stands at Rs 9,997, 22K gold at Rs 9,165, and 18K gold at Rs 7,499.
Kolkata: The price of 24K gold in Kolkata stands at Rs 9,982, 22K gold at Rs 9,150, and 18K gold at Rs 7,487.

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Gold Prices in Other Indian Cities:

Bangalore: The price of 24K gold in Bangalore stands at Rs 9,982, 22K gold at Rs 9,150, and 18K gold at Rs 7,487.
Kerala: The price of 24K gold in Kerala stands at Rs 9,982, 22K gold at Rs 9,150, and 18K gold at Rs 7,487.
Pune: The price of 24K gold in Pune stands at Rs 9,982, 22K gold at Rs 9,150, and 18K gold at Rs 7,487.
Vadodara: The price of 24K gold in Vadodara stands at Rs 9,987, 22K gold at Rs 9,155, and 18K gold at Rs 7,491.
Ahmedabad: The price of 24K gold in Ahmedabad stands at Rs 9,987, 22K gold at Rs 9,155, and 18K gold at Rs 7,491.

Gold prices decrease due to various factors such as easing geopolitical tensions, a stronger US dollar, and decreased expectations for future rate cuts by the US Fed. Moreover, an improved economic ecosystem reduces safe-haven demand, and sometimes, profit-taking by investors also contributes to the decline.