Gold Rate Today – 14k, 18k, 24k in India
Gold prices in India fluctuate today with minor changes in the 14k, 18k, and 24k segments. Find updated rates and what’s driving market sentiment as part of the Current News in India.
Gold Prices See Mild Fluctuations Across India
Today, gold prices in India fluctuated slightly due to a mixed global outlook that contributed to a modestly stronger dollar. India’s large cities saw the 24K purest gold price above the ₹7,000 per gram level, while the 22K price and lower prices fluctuated slightly in today’s price from the previous day.
In the morning, 24K gold was quoted at around ₹7,150 per gram, and 22K gold was nearly ₹6,550 per gram. For clarity, 18K gold is around ₹5,350 per gram and 14K gold is about ₹4,150 per gram, realising that these values may fluctuate based on where in India you may be making the calculation and local taxes applied to each carat value local to where you are doing the calculation.
City-Wise Gold Rates (Approximate)
| City | 24K (1g) | 22K (1g) | 18K (1g) | 14K (1g) |
| Delhi | ₹7,180 | ₹6,580 | ₹5,385 | ₹4,180 |
| Mumbai | ₹7,150 | ₹6,550 | ₹5,360 | ₹4,160 |
| Chennai | ₹7,200 | ₹6,600 | ₹5,400 | ₹4,200 |
| Kolkata | ₹7,160 | ₹6,560 | ₹5,370 | ₹4,170 |
(Prices vary slightly depending on local jewellers and making charges.)
Global Cues Impacting Gold Prices
Gold prices were steady globally, with spot gold pricing of almost $2,420 per ounce. Demand for safe-haven assets provided some support as investors awaited comments regarding interest rates from the U.S. Federal Reserve. A stronger dollar index put a cap on major upside, while geopolitical uncertainties increased demand for gold.
Domestically, the rupee fell back against the U.S. dollar to give strength to the gold price outlook. Analysts expect that if there is a dovish tone by the Fed, gold prices may rise further in the upcoming weeks.
Should you buy gold now?
With the seasonal event of Diwali now behind us, and the wedding season on its way, jewellers expect moderate buying demand in November. Experts see investors consider slightly accumulating in gold depending on the short-term gold price correction in moderate quantities for things like jewellery, and if the price goes nowhere, not to worry.
For long-term holders, gold continues to be a reasonable hedge against inflation against the uncertainty of the markets, whether for investment or cultural significance.
