Gold prices in India experienced a decline today, May 16, 2025, influenced by a complex interplay of global and domestic factors. Several sources indicate a downward trend in prices, though the exact figures vary slightly across different sources.

Current Gold Rates:

Here's a summary of the prevailing gold rates in India today:

• 24 Carat Gold: The price of 24-carat gold is around ₹9,236 to ₹9,392 per gram, or ₹92,360 to ₹93,980 per 10 grams.
• 22 Carat Gold: The rate for 22-carat gold is approximately ₹8,461 to ₹8,609 per gram, or ₹84,610 to ₹86,250 per 10 grams.
• 18 Carat Gold: 18 Carat gold is being sold at ₹7,044 per gram.

These rates are indicative and may not include GST, TCS, and other levies. It's advisable to contact local jewelers for the exact rates.

City-Wise Gold Rates:

Gold rates tend to vary across different cities due to factors like demand, local taxes, and transportation costs. Here are the approximate rates for 22-carat gold per gram in some major Indian cities:

• Delhi: ₹8,735
• Mumbai: ₹8,720
• Chennai: ₹8,720
• Bengaluru: ₹8,720
• Ahmedabad: ₹8,725

Factors Influencing Gold Prices:

Several factors contribute to the fluctuation of gold prices in India:

• Global Market Trends: Gold is a globally traded commodity, and its prices are influenced by economic conditions worldwide.
• Inflation: Gold is often considered a hedge against inflation, and its demand tends to increase during inflationary periods.
• Rupee-Dollar Exchange Rate: Since India imports a significant portion of its gold, the value of the Indian rupee against the US dollar plays a crucial role in determining domestic gold prices. A weaker rupee makes gold imports more expensive.
• Seasonal Demand: Demand for gold in India spikes during festivals and the wedding season, which can lead to price increases.
• Government Policies: Changes in import duties, GST, or restrictions on gold imports can directly impact prices.
• Interest Rates: Gold prices often have an inverse relationship with interest rates. Lower interest rates make gold more attractive as an investment.
• Geopolitical Events: Political instability, wars, or financial crises can increase demand for gold as a safe-haven asset, driving up prices.

Market Sentiment:

Recent market analysis suggests that gold prices have been volatile, influenced by a mix of economic signals, geopolitical tensions, and trade-related developments. Monitoring international indicators and understanding the factors that influence gold prices are essential for making informed investment decisions.

Additional Considerations:

• Making Charges: When buying gold jewelry, remember to factor in making charges, which cover the cost of producing and designing the jewelry. These charges can vary depending on the design and whether the piece is machine-made or handmade.
• Gold Purity: Ensure that you verify the purity of gold before making a purchase. Jewelers use electronic gold testers and density tests to determine gold purity.
• Invoice: Always insist on a proper sales invoice from the jeweler, as it serves as a legal document in case of any disputes.