Gold Prices in India: Latest Rates for 22K and 24K Gold Across Major Cities

Gold prices in India have been on an upward trend over the past few days, reflecting global market movements and investor sentiment. As of February 21, 2025, the average price of 10 grams of 24-carat gold in India stands at ₹87,750. While gold prices slightly eased from their record highs in the previous session, they remain on track for their eighth consecutive weekly gain due to continued demand for the precious metal as a safe-haven asset.

The surge in gold prices is primarily driven by economic uncertainties, geopolitical tensions, and fluctuations in global markets. Investors continue to turn to gold as a hedge against inflation and economic instability, contributing to sustained price increases.

Understanding 22K and 24K Gold: Key Differences

Before diving into the latest gold rates, it is important to understand the difference between 22-carat (22K) and 24-carat (24K) gold:

• 24K gold is the purest form of gold, containing 99.9% gold with no added metals. It is softer and more malleable, making it less suitable for jewelry.
• 22K gold contains 91.67% pure gold, with the remaining 8.33% composed of metals like silver, copper, or zinc. This makes it more durable, commonly used in jewelry-making.

Latest Gold Prices in 10 Major Indian Cities

Here’s a breakdown of the current gold rates for 22K and 24K gold in key cities across India:

City	Price of 10 grams of 22K Gold (₹)	Price of 10 grams of 24K Gold (₹)
Delhi	₹80,300	₹87,550
Mumbai	₹80,250	₹87,750
Chennai	₹80,250	₹87,550
Kolkata	₹80,250	₹87,550
Bengaluru	₹80,250	₹87,550
Jaipur	₹80,300	₹87,550
Lucknow	₹80,300	₹87,550
Hyderabad	₹80,250	₹88,100
Ahmedabad	₹80,300	₹87,600

(Data as per Good Returns at 11:40 AM on February 21, 2025.)

Gold prices fluctuate across cities due to factors such as local taxes, transportation costs, and demand-supply variations. Hyderabad currently records the highest rate for 24K gold at ₹88,100 per 10 grams.

Why Are Gold Prices Rising?

The steady increase in gold prices over the past few weeks can be attributed to several global and domestic factors:

Global Economic Uncertainty

• Concerns over inflation, interest rate fluctuations, and recession risks in the US and European markets have pushed investors toward safe-haven assets like gold.
• The US Federal Reserve’s stance on monetary policy continues to influence gold prices, as investors seek clarity on interest rate cuts.

Geopolitical Tensions

• Rising geopolitical tensions in Eastern Europe and the Middle East have fueled global uncertainty, leading to increased demand for gold.
• Trade tensions and tariff threats from major economies, particularly between the US and China, have also impacted investor sentiment.

Strong Investment Demand

• Investors continue to buy gold-backed exchange-traded funds (ETFs) and physical gold as a hedge against market volatility.
• Central banks worldwide, including the Reserve Bank of India (RBI), have increased their gold reserves, adding to demand.

Indian Market Trends

• With wedding and festival seasons in India, demand for gold jewelry has remained robust, contributing to higher prices.
• The depreciation of the Indian Rupee against the US Dollar has made imported gold more expensive, further driving up domestic gold rates.

Short-Term Outlook for Gold Prices

While gold prices slightly retreated on Friday from record highs in the previous session, they remain on course for an eighth consecutive weekly gain. Analysts suggest that gold prices could remain elevated in the near term due to:

• Continued demand from investors seeking safe-haven assets.
• Potential shifts in global central bank policies that could influence inflation expectations.
• Seasonal demand for gold in India, particularly with upcoming festivals and weddings.

However, profit booking and corrections in the international market could lead to temporary dips in gold prices. Investors and buyers should stay updated on global economic indicators and RBI policies that might impact domestic gold rates.

Is It a Good Time to Buy Gold?

For those considering gold purchases, it is essential to assess personal financial goals and market trends. Gold is traditionally seen as a long-term asset and a hedge against inflation. While prices are currently at elevated levels, factors such as global uncertainty and rising demand suggest that gold could continue to hold its value.

Tips for Gold Buyers:

• Monitor Prices Regularly – Gold prices fluctuate daily; keeping track of trends can help in making informed decisions.
• Consider Digital Gold & ETFs – Apart from physical gold, digital gold and gold ETFs offer investment options without the hassle of storage.
• Be Aware of Making Charges – If buying gold jewelry, check making charges, which vary between 5-14% depending on design and craftsmanship.
• Verify Purity & Hallmarking – Always purchase BIS-hallmarked gold to ensure purity and authenticity.

Gold Remains a Strong Investment Option Amid Market Uncertainty

Gold continues to be one of the most trusted investment options, offering stability amid economic uncertainty. While short-term fluctuations may occur, the long-term outlook for gold remains positive, especially as global inflation and central bank policies drive investor demand.

With India’s cultural and financial affinity toward gold, keeping an eye on daily price movements and global factors can help investors and buyers make informed decisions. Whether you’re purchasing gold as an investment or for traditional purposes, understanding price trends and market dynamics is key to making the most of your investment.

Stay updated with daily gold rates to make well-timed decisions in the evolving financial landscape.