As economic uncertainty looms across global markets, gold continues its upward momentum, solidifying its position as a safe-haven investment. In India, gold rates climbed again today, reflecting both international trends and domestic market pressures, including import duties, GST, and currency fluctuations.
Gold prices in India vary from city to city due to differing state taxes and transportation costs. The 22-karat gold rate today ranges between ₹9,380 and ₹9,395 per gram, while the price for 24-karat (999 purity) hovers around ₹10,233 to ₹10,248 per gram.
Gold Price in Top Indian Cities (Per Gram) — July 23, 2025
| City | 22K Gold Price (₹) | 24K Gold Price (₹) |
|---|---|---|
| Delhi | ₹9,395 | ₹10,248 |
| Mumbai | ₹9,380 | ₹10,233 |
| Bengaluru | ₹9,380 | ₹10,233 |
| Chennai | ₹9,380 | ₹10,233 |
| Kolkata | ₹9,380 | ₹10,233 |
| Lucknow | ₹9,395 | ₹10,248 |
International Gold Rates (24K per gram) in INR — July 23, 2025
| Country | Price (Local Currency) | Approx. in INR |
|---|---|---|
| United States | USD 112.50 | ₹9,719 |
| United Arab Emirates | AED 412.25 | ₹9,698 |
| Saudi Arabia | SAR 423.00 | ₹9,741 |
| Australia | AUD 177.30 | ₹10,087 |
| Canada | CAD 153.50 | ₹9,762 |
| United Kingdom | GBP 81.49 | ₹9,533 |
What’s Driving Today’s Gold Prices?
Gold prices are being shaped by a mix of global and local economic indicators:
- Rising inflationary pressures worldwide are pushing investors toward precious metals.
- A weaker US dollar is making gold more attractive internationally, boosting prices.
- Interest rate expectations are influencing gold demand as lower rates make non-yielding assets like gold more favorable.
- Geopolitical tensions and economic uncertainty are creating demand spikes for gold as a protective asset.
- In India, high import duties and state-level levies are also contributing to rising domestic gold prices.
Investor Insight
With continued economic uncertainty and inflationary fears, gold remains a reliable portfolio diversifier and wealth-preserving asset. Whether purchased as jewelry, bars, or ETFs, today’s gold rates reflect its growing global demand.
Stay informed before making your next move — gold prices can change rapidly based on global events.
