Today's 26 May Gold Price In India And Your City's: All Categories And Carats

Gold remains a cornerstone of investment and cultural significance in India. Understanding the current gold prices and the various categories and carats is essential for buyers and investors. As of today, May 26, 2024, here are the detailed gold prices in Indian Rupees (INR) for different carat values across major Indian cities.

City-Wise Gold Prices for 24 Carat and 22 Carat Gold

Here’s a snapshot of today’s gold prices in major Indian cities:

Mumbai
24 Carat: ₹7,407 per gram (₹74,070 per 10 grams)
22 Carat: ₹6,952 per gram (₹69,520 per 10 grams)
Lucknow
24 Carat: ₹6,888 per gram (₹68,880 per 10 grams)
22 Carat: ₹6,316 per gram (₹63,160 per 10 grams)
Delhi
24 Carat: ₹7,368 per gram (₹73,685 per 10 grams)
22 Carat: ₹6,749 per gram (₹67,495 per 10 grams)
Bangalore
24 Carat: ₹7,313 per gram (₹73,130 per 10 grams)
22 Carat: ₹6,866 per gram (₹68,660 per 10 grams)
Chennai
24 Carat: ₹7,329 per gram (₹73,290 per 10 grams)
22 Carat: ₹6,880 per gram (₹68,800 per 10 grams)
Kolkata
24 Carat: ₹7,457 per gram (₹74,570 per 10 grams)
22 Carat: ₹6,997 per gram (₹69,970 per 10 grams)
Hyderabad
24 Carat: ₹7,309 per gram (₹73,090 per 10 grams)
22 Carat: ₹6,858 per gram (₹68,580 per 10 grams)

Gold Prices by Carat

24 Carat Gold (999 Purity)

Definition: 24 carat gold is the purest form of gold, with 99.9% purity, commonly used in coins and bars.
Price: ₹7,329 per gram (₹73,290 per 10 grams) in Chennai

22 Carat Gold (916 Purity)

Definition: 22 carat gold contains 91.6% pure gold and is widely used in jewelry making due to its durability.
Price: ₹6,880 per gram (₹68,800 per 10 grams) in Chennai

18 Carat Gold (750 Purity)

Definition: 18 carat gold consists of 75% gold, mixed with other metals like copper and silver, often used for diamond-studded and gemstone jewelry.
Price: Approximately ₹5,470 per gram (prices may vary slightly depending on the city).

14 Carat Gold (585 Purity)

Definition: 14 carat gold, with 58.5% purity, is a more affordable option often used in lightweight and fashion jewelry.
Price: Approximately ₹4,270 per gram.

10 Carat Gold (417 Purity)

Definition: 10 carat gold contains 41.7% pure gold, making it the most affordable and durable option for everyday wear.
Price: Approximately ₹3,050 per gram.

Factors Influencing Gold Prices

Global Market Trends: The international gold market, influenced by economic data, geopolitical tensions, and currency fluctuations, directly impacts local prices.
Exchange Rates: The value of the Indian Rupee against the US Dollar is a significant factor, as gold is globally traded in USD.
Import Duties: India imports most of its gold, so any changes in import duties and tariffs by the government affect prices.
Demand and Supply: During festive seasons and weddings, the demand for gold increases, leading to a spike in prices.

Conclusion

Gold prices in India fluctuate daily based on a variety of factors, including global market conditions, exchange rates, and local demand. Today, the prices for 24 carat gold stand at around ₹7,329 per gram in Chennai and ₹7,407 per gram in Mumbai, reflecting slight variations across different cities. Understanding these prices and the purity levels can help buyers make informed decisions.