The gold rates for 24-carat gold are valued at Rs. 13,391 per gm, while 22-carat gold is pegged at Rs. 12,275 per gm at press time. The 18-carat variety costs Rs. 10,043 per gram. Gold prices remain the same from the previous trading session, and just a week ago, these yellow metal values had not changed much after their volatility.
At the city-wise rates for 1 gram of gold:
Chennai: Rs. 13,495-24K, Rs. 12,370-22K, Rs. 10,330-18K
Mumbai: Rs. 13,391-24K, Rs. 12,275-22K, Rs. 10,043-18K
Delhi: Rs. 13,407 [24K], Rs. 12,290 [22K], Rs. 10,058 [18K]
Kolkata: Rs. 13,391 [24K], Rs. 12,275 [22K], Rs. 10,043 [18K]
However, prices in cities like Bengaluru, Hyderabad, Kerala, and Pune are aligned with Mumbai rates. There may be minor variations in Ahmedabad and Vadodara due to local taxes and jeweller margins.
The reasons for the change in gold price in India depend on many factors, like the domestic demand, especially around wedding seasons and festivals. The international bullion rates, the weakening Indian rupee, and import duties have also affected the prices today.