Gold Price in India Reaches Peak at 7,238.43 INR per Gram

The gold market in India has seen a significant surge, with the price reaching 7,238.43 Indian Rupees (INR) per gram as of Monday. This represents an increase of 15.82 points compared to Friday's prices of 7,222.61 INR per gram. As a result, 24-carat gold is currently priced at Rs 77,890 per 10 grams, and 22-carat gold is priced at Rs 71,400 per 10 grams.

The city-wise gold prices as of December 16, 2024, reveal a uniform trend across major cities. For instance, in Delhi, 22-carat gold is priced at Rs 71,550, while 24-carat gold is priced at Rs 78,040 per 10 grams. Similarly, in Mumbai, the prices for 22-carat and 24-carat gold are Rs 71,400 and Rs 77,890, respectively. The prices remain consistent across other cities, such as Ahmedabad, Chennai, Pune, Lucknow, Bengaluru, Jaipur, Patna, Bhubaneshwar, and Hyderabad, with prices ranging between Rs 70,000 to Rs 78,000 per 10 grams.

It is worth noting that gold prices have seen a fluctuation in the past. However, the current prices have been affected by the beginning of Kharmas days, which is considered an inauspicious time in Hinduism. This has led to a decrease in demand, which in turn has influenced the pricing. Overall, gold remains a popular commodity among investors and jewellery buyers due to its superior purity and durability.

Looking ahead, the gold market is expected to continue its volatility, influenced by various factors such as global economic trends, import duties, taxes, and currency exchange fluctuations. As a result, investors and consumers are advised to stay informed and adjust their strategies accordingly.