India’s Position in Global Gold Market
India continues to hold its position as the second-largest gold consumer globally, following China. The country’s substantial gold demand is met primarily through gold imports, while recycled gold within the domestic market also contributes to the supply.
Several factors impact gold rates in India, including:
- Global gold prices (which are dollar-denominated),
- US dollar performance,
- International bond yields,
- Import duties, and
- Local taxes and GST.
Gold remains a trusted hedge against inflation and a secure investment during economic uncertainty or market volatility.
Current Gold Rates in Top Indian Cities (Per Gram)
Here is a detailed breakdown of the latest 22K and 24K gold prices across ten major Indian cities:
City | 22-Karat Gold (per gram) | 24-Karat Gold (per gram) |
---|---|---|
Delhi | ₹8,995 | ₹9,812 |
Chennai | ₹8,980 | ₹9,797 |
Bengaluru | ₹8,980 | ₹9,797 |
Mumbai | ₹8,980 | ₹9,797 |
Pune | ₹8,980 | ₹9,797 |
Kolkata | ₹8,980 | ₹9,797 |
Ahmedabad | ₹8,985 | ₹9,802 |
Hyderabad | ₹8,980 | ₹9,797 |
Indore | ₹8,985 | ₹9,802 |
Lucknow | ₹8,995 | ₹9,812 |
Gold Price Trend: Steady Rise Continues
Gold prices across India have shown a steady upward trend, reflecting the precious metal’s safe-haven status amid global and domestic financial fluctuations.
According to recent market insights, Ajay Kedia, a leading commodities expert, has predicted that gold could surpass ₹90,000 per 10 grams in the first half of 2025, driven by economic uncertainties and rising geopolitical tensions.
Why Gold Remains a Preferred Investment in 2025
Investors continue to trust physical gold and digital gold for:
- Wealth preservation
- Portfolio diversification
- Protection against inflation
- Consistent long-term returns
With inflation concerns and global financial instability, gold offers stability and security, making it a smart choice for Indian investors in 2025.