Current Gold Prices: Discover the Cost of 18K, 22K, and 24K Gold in Bengaluru, Delhi, and Other Cities
Gold prices experienced a notable decline on Monday, dropping by Rs 589 to settle at Rs 1.55 lakh per 10 grams in futures trading. This decrease aligns with a downturn in international markets, where Comex gold futures also fell. Analysts attribute the drop to weaker-than-expected inflation data from the U.S., alongside ongoing geopolitical tensions that continue to influence gold’s status as a safe-haven asset.
Market Trends and Influences
On the Multi Commodity Exchange (MCX), gold contracts for April delivery fell by 0.38 percent, reaching Rs 1,55,306 per 10 grams with a trading volume of 7,695 lots. In the global arena, Comex gold futures for April saw a decrease of USD 24.31, or 0.48 percent, landing at USD 5,021.99 per ounce in New York. Jigar Trivedi, a Senior Research Analyst at IndusInd Securities, noted that gold prices have slipped to around USD 5,000 per ounce after a previous rise of over 2 percent, primarily influenced by disappointing U.S. Consumer Price Index (CPI) inflation data.
Manav Modi, a commodities analyst at Motilal Oswal Financial Services Ltd, highlighted that geopolitical risks remain high, particularly following reports of the U.S. deploying the aircraft carrier USS Gerald R Ford to the Middle East amid stalled negotiations regarding Iran’s nuclear program. This situation continues to lend support to gold as a safe-haven investment. Additionally, market participants are considering the potential inflationary effects of renewed tariff threats from U.S. President Donald Trump, along with uncertainties surrounding the Federal Reserve’s future policy decisions.
Physical Demand and Market Sentiment
Despite the recent price drop, gold is currently trading at a discount for the first time in nearly a month, even as demand from China remains strong. Reports indicate that Shanghai warehouse stocks have surpassed 100 tonnes, reflecting robust physical buying interest. The U.S. markets were closed for President’s Day, while Chinese markets are on a week-long break for the Lunar New Year. Investors are now looking forward to upcoming economic indicators, including the Personal Consumption Expenditures (PCE) price index data and the minutes from the Federal Open Market Committee (FOMC) meeting, which could provide further insights into market direction.
Current Gold Prices Across Major Cities
In Delhi, the price of 24K gold is currently Rs 15,659 per gram, while 22K gold is priced at Rs 14,355 per gram, and 18K gold costs Rs 11,748 per gram. Compared to the previous day, 24K gold has decreased by Rs 131, 22K by Rs 120, and 18K by Rs 98.
In Ahmedabad, 24K gold is priced at Rs 15,649 per gram, with 22K at Rs 14,345 and 18K at Rs 11,738. Similar declines are observed, with 24K down by Rs 131, 22K by Rs 120, and 18K by Rs 98.
Bangalore sees 24K gold retailing at Rs 15,644 per gram, while 22K is at Rs 14,340 and 18K at Rs 11,733. All categories have experienced a drop, with 24K down by Rs 131, 22K by Rs 120, and 18K by Rs 98.
In Chennai, the prices are slightly higher, with 24K gold at Rs 15,753 per gram, 22K at Rs 14,440, and 18K at Rs 12,350. The declines here are also consistent, with 24K down by Rs 131, 22K by Rs 120, and 18K by Rs 100.
Regional Price Variations
Hyderabad reports 24K gold at Rs 15,644 per gram, 22K at Rs 14,340, and 18K at Rs 11,733, reflecting declines of Rs 131, Rs 120, and Rs 98 respectively. In Jaipur, the prices mirror those in Hyderabad, with 24K gold at Rs 15,644, 22K at Rs 14,340, and 18K at Rs 11,733.
Mumbai’s gold prices are consistent with those in Bangalore and Hyderabad, with 24K gold at Rs 15,644 per gram, 22K at Rs 14,340, and 18K at Rs 11,733, all showing declines. Kolkata also reports similar prices, with 24K gold at Rs 15,644, 22K at Rs 14,340, and 18K at Rs 11,733.
In Kanpur, the prices are slightly higher for 24K gold at Rs 15,659 per gram, while 22K is at Rs 14,355 and 18K at Rs 11,748, with declines of Rs 131, Rs 120, and Rs 98 respectively. Overall, the market reflects a consistent downward trend across major cities, influenced by both international market dynamics and local demand factors.
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