Gold Prices Rise Across Indian Cities Amid Global Tensions

Gold rates in India have climbed higher, with 24-carat gold priced at Rs 14,766 per gram. The cost for 22-carat gold stands at Rs 13,535 per gram, while 18-carat gold is available at Rs 11,074 per gram, according to Good Returns data. Prices saw a small jump compared to the previous day. Twenty-four-carat gold increased by Rs 22 per gram. Twenty-two-carat and 18-carat gold prices rose by Rs 20 and Rs 16 respectively. Different cities show slight variations in these rates. In Delhi, 24-carat gold is priced at Rs 14,781 per gram, with 22-carat at Rs 13,550 and 18-carat at Rs 11,089. Meanwhile, Pune records a higher rate of Rs 15,766 for 24-carat gold, while Chennai lists 18-carat gold at Rs 11,125. Other major cities like Mumbai, Kolkata, Bangalore, and Hyderabad follow the baseline national rates.

Context

Gold is widely seen as a safe investment during times of global political trouble and market uncertainty. When tensions rise around the world, investors often shift their money away from riskier assets and buy gold instead. This increased demand frequently pushes domestic and international gold prices up.