Gold prices witnessed a marginal decline across major Indian cities on Monday, offering slight relief to buyers after a period of persistent price surges. The rates dropped by ₹1 per gram, continuing a downward trend that began over the weekend.
Gold has long held cultural and financial significance in Indian households, passed down through generations as a symbol of wealth and security. Recent fluctuations in global markets, including a weakening dollar and earlier tariff measures introduced by former U.S. President Donald Trump, had pushed gold prices to historic highs. However, a recent correction has moderated prices slightly.
Gold Prices in Major Cities (per gram)
Delhi
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18 Carat: ₹6,811 (down from ₹6,812)
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22 Carat: ₹8,324 (down from ₹8,325)
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24 Carat: ₹9,080 (down from ₹9,081)
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10-day average: 22 Carat – ₹8,420.40, 24 Carat – ₹9,184.80
Mumbai
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18 Carat: ₹6,798 (down from ₹6,799)
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22 Carat: ₹8,309 (down from ₹8,310)
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24 Carat: ₹9,065 (down from ₹9,066)
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10-day average: 22 Carat – ₹8,405.40, 24 Carat – ₹9,169.80
Bangalore
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18 Carat: ₹6,798 (down from ₹6,799)
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22 Carat: ₹8,309 (down from ₹8,310)
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24 Carat: ₹9,065 (down from ₹9,066)
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10-day average: 22 Carat – ₹8,405.40, 24 Carat – ₹9,169.80
Chennai
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18 Carat: ₹6,844 (down from ₹6,845)
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22 Carat: ₹8,309 (down from ₹8,310)
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24 Carat: ₹9,065 (down from ₹9,066)
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10-day average: 22 Carat – ₹8,405.40, 24 Carat – ₹9,169.80
Hyderabad
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18 Carat: ₹6,798 (down from ₹6,799)
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22 Carat: ₹8,309 (down from ₹8,310)
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24 Carat: ₹9,065 (down from ₹9,066)
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10-day average: 22 Carat – ₹8,405.40, 24 Carat – ₹9,169.80
Despite minor corrections, gold remains a closely monitored commodity due to its role as a hedge against inflation and currency fluctuations. Analysts continue to watch global economic indicators that could influence further price movements in the coming weeks.
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