Gold price today in India: Check 24K, 22K, 18K gold rates and silver prices across major cities
Gold prices in India remain elevated today, with 24-karat gold priced at ₹15,420 per gram. The rate for 22-karat gold stands at ₹14,135 per gram, while 18-karat gold is priced at ₹11,565 per gram.
| Purity | Price (Per Gram) |
| 24K Gold (99.9% purity) | ₹15,420 |
| 22K Gold (91.6% purity) | ₹14,135 |
| 18K Gold (75% purity) | ₹11,676 |
Here is a look at the gold prices in major Indian cities today.
| Cities | 24 Carat | 22 Carat | 18 Carat |
|---|---|---|---|
| Chennai | ₹15,420 | ₹14,135 | ₹11,905 |
| Mumbai | ₹15,420 | ₹14,135 | ₹11,565 |
| Delhi | ₹15,435 | ₹14,150 | ₹11,580 |
| Kolkata | ₹15,420 | ₹14,135 | ₹11,565 |
| Bangalore | ₹15,420 | ₹14,135 | ₹11,565 |
| Hyderabad | ₹15,420 | ₹14,135 | ₹11,565 |
| Thiruvananthapuram | ₹15,420 | ₹14,135 | ₹11,565 |
Gold prices vary depending on the purity of the metal. The highest rate in the table is for 24-karat gold, which has 99.9% purity and is priced at ₹15,420 per gram. The rate for 22-karat gold, with 91.6% purity, is ₹14,135 per gram, while 18-karat gold, which contains 75% pure gold, is priced at ₹11,676 per gram.
There are also slight differences in gold prices across major Indian cities. Chennai, Mumbai, Kolkata, Bangalore, Hyderabad and Thiruvananthapuram have the same listed rates for 24-karat and 22-karat gold, while Delhi records slightly higher prices at ₹15,435 and ₹14,150 per gram, respectively. The 18-karat rate is highest in Chennai at ₹11,905 per gram, compared with ₹11,580 in Delhi and ₹11,565 in most of the other cities listed.
City-wise silver rate
| City | (10 grams) | (100 grams) | (1 kg) |
| Chennai | ₹2,550 | ₹25,500 | ₹2,55,000 |
| Mumbai | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Delhi | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Kolkata | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Bangalore | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Hyderabad | ₹2,550 | ₹25,500 | ₹2,55,000 |
| Kerala | ₹2,550 | ₹25,500 | ₹2,55,000 |
Silver prices also differ across cities and quantities. In Chennai, Hyderabad and Kerala, silver is priced at ₹2,550 for 10 grams, ₹25,500 for 100 grams and ₹2,55,000 for 1 kg. In Mumbai, Delhi, Kolkata and Bangalore, the corresponding rates are ₹2,500, ₹25,000 and ₹2,50,000.
The tables provide a city-wise snapshot of gold and silver rates, allowing buyers to compare prices across different purity levels and quantities. Actual prices at jewellery stores may vary depending on factors such as making charges, taxes and other applicable fees.
Is inflation a major determinant of gold prices in India?
Inflation in India is not, by itself, a major determinant of domestic gold prices. While higher inflation can influence gold prices, the more important factor is how inflation affects interest rates, particularly in the US.
When inflation rises sharply in the US, the Federal Reserve may respond by raising interest rates. Higher rates can make interest-bearing assets such as US government bonds more attractive compared with gold, which does not generate regular interest. This can put downward pressure on gold prices.