On September 1, 2025, the prices of gold in India again soared up, with 24-carat gold breaking the โน1 lakh mark per pound of gold. The 22-carat gold benchmark was about โน96,215, and the 18-carat gold was at โน78,770. Prices in large cities like Delhi, Mumbai, Chennai, Kolkata, and Bangalore had very minor differences. The steady increase can be attributed to global market trends, demand by investors, and seasonal purchases. As the festive season is fast approaching, both consumers and investors are keenly following the gold market that still remains an important part of Indian households and portfolios.
Snapshot of Gold Prices Across Cities
Gold is also highly demanded in India, and the rates are mostly similar in the metro cities. Today, the cost per 10 grams of this is as follows:
City | 22-Carat (โน) | 24-Carat (โน) | 18-Carat (โน) |
Delhi | 96,373 | 105,123 | 78,770 |
Mumbai | 96,217 | 104,967 | 78,770 |
Chennai | 96,221 | 104,971 | 78,770 |
Kolkata | 96,215 | 104,965 | 78,770 |
Bangalore | 96,215 | 104,965 | 78,770 |
This price stability means that there is some stability in the local gold markets, and there are also some fluctuations because of the local taxes and logistics.
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Why Are Gold Prices Rising?
The gold rates in India are steadily rising due to several reasons:
Global Economic UncertaintyโWhen investors are uncertain of economic problems, such as inflation, geopolitical unrest, and the ups and downs of the stock market, they turn to gold as a safe-haven investment.
Cultural DemandโAs the wedding season and festivals approach, the household demand for gold jewelry is increasing, which further drives the prices.
Currency Exchange RatesโThe international gold rate, in combination with the movement of the rupee against the dollar, has a significant influence on pricing within the country.
Investment HedgeโGold is currently viewed as a sure hedge against inflation, and it makes people invest their money in it individually and through institutions.
What It Means for Consumers and Investors
To the consumers, it will be increasingly expensive to buy gold jewelry, particularly before the festive sales. Nevertheless, the uniformity between cities means that customers will only experience slight location variations.
To investors, the 1 lakh threshold on 24-carat gold shows the value of gold as a safe long-term investment. As other markets become volatile, gold will still provide portfolio balance and protection.