Gold prices in India moved higher across key metropolitan cities on August 18, with both 22-carat and 24-carat variants registering modest increases compared to the previous day's rates.
Across the country, the price for 1 gram of 22-carat gold increased by ₹20, bringing the standard rate to ₹14,340, while 8 grams of 22-carat gold rose by ₹160 to reach ₹1,14,720. In the 24-carat category, 1 gram of gold increased by ₹21, and 8 grams increased by ₹168.
In Mumbai, 22-carat gold was priced at ₹14,340 for 1 gram (up by ₹20) and ₹1,14,720 for 8 grams (up by ₹160). The 24-carat gold in Mumbai stood at ₹15,057 for 1 gram (up by ₹21) and ₹1,20,456 for 8 grams (up by ₹168).
In Chennai and Hyderabad, 22-carat gold was recorded at ₹14,290 for 1 gram (up by ₹20) and ₹1,14,320 for 8 grams (up by ₹160). The 24-carat gold in these two cities was priced at ₹15,005 for 1 gram (up by ₹21) and ₹1,20,040 for 8 grams (up by ₹168).
Delhi witnessed 22-carat gold trading at ₹14,390 for 1 gram (up by ₹20) and ₹1,15,120 for 8 grams (up by ₹160). Meanwhile, 24-carat gold in Delhi was priced at ₹15,110 for 1 gram (up by ₹21) and ₹1,20,880 for 8 grams (up by ₹168).
In Ahmedabad, 22-carat gold prices were ₹14,394 for 1 gram (up by ₹20) and ₹1,15,152 for 8 grams (up by ₹160). The 24-carat gold in Ahmedabad was priced at ₹15,114 for 1 gram (up by ₹21) and ₹1,20,912 for 8 grams (up by ₹168).
Bengaluru recorded 22-carat gold at ₹14,400 for 1 gram (up by ₹20) and ₹1,15,200 for 8 grams (up by ₹160), while 24-carat gold stood at ₹15,120 for 1 gram (up by ₹21) and ₹1,20,960 for 8 grams (up by ₹168).
Kolkata recorded the highest rates among the listed cities, with 22-carat gold priced at ₹14,440 for 1 gram (up by ₹20) and ₹1,15,520 for 8 grams (up by ₹160). The 24-carat gold in Kolkata reached ₹15,162 for 1 gram (up by ₹21) and ₹1,21,296 for 8 grams (up by ₹168).
"The minor upward adjustments in gold prices across major Indian cities reflect routine daily market fluctuations. For business owners and investors managing liquidity, tracking daily commodity pricing remains an essential part of working capital and asset management." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
