Gold prices saw a fresh upward move today as market sentiment turned bullish after recent developments in the U.S. economy. In Lucknow, the precious metal continues to shine, with rates staying among the highest in India—reflecting the city’s strong local demand and status as a significant gold-buying hub.
Current Gold Prices in Lucknow
- 22-Karat Gold: ₹9,065 per gram
- 24-Karat Gold (999 purity): ₹9,888 per gram
These prices match those seen in Delhi, making Lucknow one of the most expensive markets for gold in the country today.
How Lucknow Compares to Other Indian Cities
Compared to other metros, gold in Lucknow is trading slightly higher:
| City | 22K Gold (per gram) | 24K Gold (per gram) |
|---|---|---|
| Lucknow | ₹9,065 | ₹9,888 |
| Delhi | ₹9,065 | ₹9,888 |
| Mumbai | ₹9,050 | ₹9,873 |
| Chennai | ₹9,050 | ₹9,873 |
| Bengaluru | ₹9,050 | ₹9,873 |
| Hyderabad | ₹9,050 | ₹9,873 |
| Kolkata | ₹9,050 | ₹9,873 |
| Ahmedabad | ₹9,055 | ₹9,878 |
| Indore | ₹9,055 | ₹9,878 |
The premium pricing in Lucknow is being driven by consistent investor interest, regional festive buying, and strong demand for physical gold in the market.
What’s Driving the Price Hike?
The latest surge in domestic gold prices comes in response to the weakening U.S. dollar following the passage of former President Trump’s tax legislation. On the Multi Commodity Exchange (MCX), the August 5 gold futures contract moved up by 0.16% to ₹96,935 per 10 grams.
Global investors are increasingly turning to gold as a safe-haven asset, with rising inflation concerns and continued geopolitical instability prompting cautious financial behavior.
India’s Love for Gold: Still Strong in 2025
India retains its position as the second-largest gold consumer after China. The bulk of gold demand is met through imports, with only a minor contribution from recycled gold. Domestic prices are deeply influenced by:
- The strength of the U.S. dollar
- Import duties
- GST and state-level taxes
- Global economic cues and bond yields
As inflationary pressure and economic uncertainties loom, both 22K and 24K gold prices are witnessing upward momentum—reaffirming gold’s enduring reputation as a reliable store of value.
