As of June 22, 2025, gold prices in India continue to be a focal point for investors and consumers alike. Several factors, including global market dynamics, geopolitical tensions, and currency fluctuations, influence these rates daily. Understanding the current prices for 22kt and 24kt gold across major cities is essential for making informed decisions about buying, selling, or investing in gold.
Current Gold Rates in Major Indian Cities
The following provides a snapshot of today's gold rates in key cities:
- Delhi: In the capital city, the price of 10 grams of 22kt gold is ₹92,523 while 24kt gold is priced at ₹1,00,923 per 10 grams.
- Mumbai: Gold bullion rates in Mumbai are approximately ₹99,130 per 10 grams. MCX Gold rate in Mumbai is ₹99,310 per 10 grams.
- Chennai: Details not available in search results.
- Bangalore: In Bangalore, the price for 10 grams of 22kt gold is ₹93,500, and 24kt gold costs ₹98,180 per 10 grams.
- Other Cities: The price of gold can vary across different cities due to factors like local taxes, transportation costs, and demand.
Detailed Breakdown of Gold Prices
- 24 Carat Gold: The purest form of gold, with 99.9% purity, is ideal for investment purposes. The rate for 24kt gold is approximately ₹98,691 per 10 grams.
- 22 Carat Gold: With 91.6% purity, 22kt gold is commonly used in jewelry making, balancing purity and durability. The rate for 22kt gold is around ₹90,401 per 10 grams.
Factors Influencing Gold Prices
Several factors can influence the daily fluctuation of gold rates in India:
- Global Market Trends: Gold prices are significantly impacted by international market dynamics, including supply chain disruptions and overall demand.
- Geopolitical Tensions: Events such as the United States attacking nuclear sites in Iran have been known to cause a surge in gold and silver prices, as investors often turn to these precious metals as safe-haven assets during uncertainty.
- Currency Fluctuations: The exchange rate between the US dollar and the Indian rupee affects gold prices. A weaker rupee typically makes gold imports more expensive.
- Quantitative Easing (QE): An increase in QE can affect gold rates in India.
- Hallmarking: Hallmarked gold ensures purity, and its rate is generally the same as non-hallmarked gold.
Historical Performance and Investment Perspective
Gold has historically been considered a hedge against inflation and a safe investment during economic uncertainties. Over the past two decades, gold prices have seen substantial growth. For instance, gold prices have increased by approximately 1,200% between 2005 and June 2025. Year-to-date, gold prices have increased by 31%, making it one of the top-performing asset classes in 2025.
Impact of GST
The Goods and Services Tax (GST) has an impact on gold rates. After GST implementation, taxation on gold jewelry is 3.00%, which includes 10% custom duty and 5.00% processing fees.
Tips for Buyers
- Monitor Market Trends: Stay updated on the factors influencing gold prices to make informed decisions.
- Check Prices Across Cities: Gold rates vary, so compare prices in different cities.
- Factor in Additional Charges: Be aware that jewelers may add making charges, taxes, and GST, which can increase the final price.
- Consider Hallmarked Gold: To ensure purity, opt for hallmarked gold.
