Gold prices in India continue to fluctuate amid uncertainty over how long the ceasefire between the United States and Iran will hold. Domestic and global developments are directly influencing bullion rates. For those planning to buy gold jewellery, here are the latest prices for 24K, 23K, 22K, 18K, and 14K gold across major cities.
Gold Prices Show Mild Gains
Gold prices remained volatile on Saturday morning amid ongoing uncertainty surrounding the US-Iran ceasefire. On the Multi Commodity Exchange (MCX), 24-carat gold futures edged up by 0.02%, rising Rs 38 to Rs 1,52,690 per 10 grams. In the previous session, prices had closed at Rs 1,52,652 per 10 grams.
It is worth noting that gold futures had touched an all-time high of Rs 1,80,779 per 10 grams on January 29 earlier this year.
According to the All India Sarafa Association, 24-carat gold rose by Rs 400 to Rs 1,55,300 per 10 grams (inclusive of taxes), compared to Rs 1,54,900 in the previous session.
Meanwhile, as per GoodReturns data, 24K gold is priced at Rs 1,52,510 per 10 grams. The Indian Bullion and Jewellers Association (IBJA) reported that 24-carat gold stood at Rs 1,50,327 per 10 grams at Friday’s market close. Since markets remain shut over the weekend, these rates will stay applicable on Saturday and Sunday.
Gold Rates by Purity (IBJA)
24 Carat: Rs 1,50,327 per 10 grams
23 Carat: Rs 1,49,725 per 10 grams
22 Carat: Rs 1,37,700 per 10 grams
18 Carat: Rs 1,12,745 per 10 grams
14 Carat: Rs 87,941 per 10 grams
City-Wise Gold Prices (Per 10 Grams)
Gold prices vary slightly across cities due to local taxes and demand patterns.
City
24K Gold ( Rs /10g)
22K Gold ( Rs /10g)
18K Gold ( Rs /10g)
Delhi
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Mumbai
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Kolkata
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Chennai
Rs 1,54,100
Rs 1,41,260
Rs 1,17,760
Patna
Rs 1,52,410
Rs 1,39,710
Rs 1,14,320
Lucknow
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Meerut
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Ayodhya
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Kanpur
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Ghaziabad
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Noida
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Gurugram
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Chandigarh
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Jaipur
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Ludhiana
Rs 1,52,510
Rs 1,39,810
Rs 1,14,420
Guwahati
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Indore
Rs 1,52,410
Rs 1,39,710
Rs 1,14,320
Ahmedabad
Rs 1,52,410
Rs 1,39,710
Rs 1,14,320
Vadodara
Rs 1,52,410
Rs 1,39,710
Rs 1,14,320
Surat
Rs 1,52,410
Rs 1,39,710
Rs 1,14,320
Nagpur
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Pune
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Nashik
Rs 1,52,390
Rs 1,39,690
Rs 1,14,300
Bengaluru
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Bhubaneswar
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Cuttack
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Kerala
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Raipur
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Hyderabad
Rs 1,52,360
Rs 1,39,660
Rs 1,14,270
Why Gold Prices Rose Recently
Gold prices saw an uptick in the previous session due to continued uncertainty around the ceasefire and a softer US dollar. In Delhi’s bullion market, gold climbed to Rs 1.55 lakh per 10 grams, marking a strong weekly performance.
According to the All India Sarafa Association, 24K gold rose by Rs 400 to Rs 1,55,300 per 10 grams. Over the week, gold prices surged by Rs 3,800 or 2.51%.
Globally, spot gold also gained, rising $11.52 (0.24%) to $4,777.17 per ounce.
Futures Market Sees Some Weakness
Despite gains in spot prices, gold futures declined in the previous session due to weak demand and traders trimming positions. MCX gold contracts for June delivery fell by Rs 1,363 (0.89%) to Rs 1,52,071 per 10 grams.
Internationally, gold prices in New York also slipped by 0.48% to $4,743.99 per ounce.
What Experts Say
Market experts believe that cautious sentiment around the Iran conflict and continued buying by central banks have supported gold prices.
Reneesha Chainani, Head of Research at Augmont, noted that a cautious stance on geopolitical tensions has helped bullion prices recover.
Jigar Trivedi, Senior Research Analyst at IndusInd Securities, said that the US-Iran ceasefire has led to a sharp fall in oil prices, easing inflation concerns and reducing expectations of aggressive rate hikes. This has helped gold remain stable above $4,700 per ounce and continue its upward trend for the third consecutive week.
He also added that a softer US dollar—traditionally a safe-haven asset—has further supported positive sentiment in the gold market.
Analysts say gold prices may remain volatile in the near term due to mixed global cues. While geopolitical tensions and central bank buying provide support, weak global trends and profit booking could limit further gains in futures markets.
