Gold prices in India continued their upward trend on August 11, 2025, with both 22K and 24K variants maintaining strong levels amid economic uncertainty and global market volatility.
India, the second-largest consumer of gold after China, relies heavily on imports for its domestic demand, making prices sensitive to fluctuations in the rupee-dollar exchange rate as well as changes in global spot gold prices.
Apart from currency movements, import duties, GST, and state-level levies play a crucial role in determining local prices. Globally, factors like US bond yields, inflation data, and major geopolitical events also influence rates.
Gold Prices in Major Indian Cities (Per Gram)
| City | 22K Gold Price (₹) | 24K Gold Price (₹) |
|---|---|---|
| Delhi | 9,390 | 10,243 |
| Mumbai | 9,375 | 10,228 |
| Bengaluru | 9,375 | 10,228 |
| Chennai | 9,375 | 10,228 |
| Pune | 9,375 | 10,228 |
| Kolkata | 9,375 | 10,228 |
| Ahmedabad | 9,380 | 10,233 |
| Hyderabad | 9,375 | 10,228 |
| Indore | 9,380 | 10,228 |
| Lucknow | 9,390 | 10,243 |
Gold Prices in Global Markets (Per Gram)
| Country / City | 24K Gold Price |
|---|---|
| United States | $111.50 |
| Canada | $153.50 |
| United Kingdom | £80.83 |
| United Arab Emirates (Dubai) | AED 409.25 |
Spot Gold Prices:
- US: $3,364.40 per troy ounce (slightly lower than the previous day)
- UK: £2,493.53 per troy ounce
Market Sentiment & Outlook
The strong demand for gold in India remains driven by its status as a safe-haven asset, especially during inflationary periods. With global uncertainties persisting, analysts expect gold to maintain firm prices in the near term. However, traders are closely watching upcoming US economic data and currency market trends for potential price shifts.
