Gold Prices Today in India: Precious metal prices witnessed a downward correction today following a period of relative stability. In the national capital, 24-karat gold rose marginally by ₹10 per 10 grams, yet the broader two-day trend shows a cumulative decline of ₹280. Similarly, silver prices ended a four-day horizontal movement, dropping by ₹100 per kilogram in Delhi.
The price adjustment follows a significant policy shift by the Government of India. The Ministry has reduced the base import prices for both gold and silver, a move expected to lower the cost of procurement for domestic jewelry manufacturers. According to recent reports, the import price for silver has been slashed by approximately 14%, while the cost of importing gold has decreased by nearly 7.6%.
City-wise Precious Metal Rates (Per 10 Grams)
The following table outlines the retail prices for 18K, 22K, and 24K gold across major Indian metropolitan hubs:
| City | 24K Gold (10g) | 22K Gold (10g) | 18K Gold (10g) |
| Delhi | ₹1,50,800 | ₹1,38,240 | ₹1,13,130 |
| Mumbai | ₹1,50,650 | ₹1,38,090 | ₹1,12,980 |
| Kolkata | ₹1,50,650 | ₹1,38,090 | ₹1,12,980 |
| Chennai | ₹1,52,630 | ₹1,39,910 | ₹1,16,710 |
| Bengaluru | ₹1,50,650 | ₹1,38,090 | ₹1,12,980 |
| Hyderabad | ₹1,50,650 | ₹1,38,090 | ₹1,12,980 |
| Lucknow | ₹1,50,800 | ₹1,38,240 | ₹1,13,130 |
| Patna | ₹1,50,700 | ₹1,38,140 | ₹1,13,030 |
| Jaipur | ₹1,50,800 | ₹1,38,240 | ₹1,13,130 |
| Ahmedabad | ₹1,50,700 | ₹1,38,140 | ₹1,13,030 |
Market Outlook and Global Influences
Market analysts suggest that the trajectory of bullion will be heavily influenced by geopolitical tensions in West Asia, specifically the ongoing conflict involving Iran and the United States. Pranav Mer of JM Financial Services notes that investors are maintaining a cautious stance as they await several high-impact economic indicators scheduled for release this week.
Key data points under observation include the U.S. Service PMI, Durable Goods orders, GDP figures, the PCE Index, and CPI inflation data. On the domestic front, the upcoming Reserve Bank of India (RBI) monetary policy review remains a critical focal point for the bullion market.
While the reduction in base import prices offers immediate relief to jewelry firms by lowering input costs, the long-term price stability of gold and silver will depend on the interplay between global macroeconomic data and currency fluctuations.
