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As August draws to a close, all eyes are once again on the glittering metal that continues to captivate Indian households and investors alike. Gold rates across India’s key metropolitan cities reflected overnight international market trends and domestic demand fluctuations. Whether planning a festive celebration, wedding purchase, or strategic investment move, today’s gold pricing update provides critical insights for all. Read on for a comprehensive breakdown of gold rates for 18, 22, and 24 carat variants in Chennai, Mumbai, Delhi, and Kolkata.
Today’s Gold Rate: Quick Glance
24 carat (999 purity) gold maintained a steady climb, reflecting renewed demand in the bullion market.
22 carat (916 purity) rates exhibited minor regional differences based on local taxes and transportation costs.
18 carat gold saw limited movement but remained a budget-friendly option for lightweight jewellery.
Chennai displayed marginally higher prices than its peers, continuing its trend of being a premium market.
Mumbai, Delhi, and Kolkata mirrored each other, with prices swinging in narrow ranges amid stable currency value.
Gold Rates City-Wise: Morning Snapshot
Chennai
22 carat gold is trading around Rs 5,740 per gram, with higher rates noted for hallmark pieces
24 carat gold stands at approximately Rs 6,260 per gram, tracking international market cues
18 carat gold is available at about Rs 4,670 per gram, popular among younger buyers
Mumbai
22 carat gold price is nearly Rs 5,690 per gram, with marginal discounts at select outlets
24 carat gold hovers at Rs 6,205 per gram as investment demand fuels steady buys
18 carat gold trades near Rs 4,650 per gram, remaining attractive for affordable jewellery
Delhi
22 carat gold fetches around Rs 5,710 per gram, aided by festive season advance bookings
24 carat gold is offered at Rs 6,235 per gram, slightly up from previous sessions
18 carat gold rates stay close to Rs 4,660 per gram
Kolkata
22 carat gold is quoted around Rs 5,690 per gram, stable from last week’s closing
24 carat gold stands at Rs 6,205 per gram, influenced by global price changes
18 carat gold remains at Rs 4,650 per gram
What’s Driving Today’s Gold Price?
Global spot gold prices steadied above the USD 1,940/oz mark overnight, helping Indian rates remain strong
Domestic jewellery demand remains robust due to ongoing wedding and festival season pre-bookings in several states
Currency fluctuation in the rupee versus dollar exchange rate kept import costs moderately elevated
Local taxes and freight continue to nudge city-wise differences, especially between Chennai and other metros
Consumer Trends And Bullion Market Overview
Gold loan providers have seen increased activity as rates lifted collateral values, attracting both individuals and small businesses
Urban and semi-urban buyers are increasingly opting for 18 and 22 carat jewellery given the narrowing price differential with higher purities
Electronic gold investment platforms witnessed a surge in micro-investments this week
Retailers in metro cities are offering special schemes, including reduced making charges and festival discounts to boost demand
Festive Season Sentiments Keep Gold In Focus
With Onam celebrations underway and Ganesh Chaturthi around the corner, retailers anticipate another uptick in walk-in customers
Pre-booking for Navratri and Dussehra is already high, as consumers seek to lock in rates before further market shifts
Investing In Gold: What To Consider Today
International price movements, rupee volatility, and central bank outlook remain the top influences for the coming week
Prospective buyers are advised to check for certified hallmarked gold to ensure purity and resell value
Comparing prices across cities and outlets can yield marginal benefits, especially on larger-ticket purchases
Bottomline
Current gold rates in Chennai, Mumbai, Delhi, and Kolkata reinforce the metal’s allure as both an ornament and an investment haven amid changing market winds. For those considering buying or investing, today’s stable yet slightly elevated prices underline the continued relevance of gold in every Indian portfolio.
Sources: India Bullion and Jewellers Association (IBJA), Goodreturns, NDTV Profit, Business Standard
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