Gold prices in India registered an increase across major cities on August 25. The price for both 22-carat and 24-carat gold moved upward across key urban markets, including Mumbai, Chennai, Hyderabad, Delhi, Ahmedabad, Bengaluru, and Kolkata, compared to the previous day's rates.
In Mumbai, 22-carat gold was priced at ₹15,080 for 1 gram, marking an increase of ₹80, while 8 grams of 22-carat gold reached ₹1,20,640 after an increase of ₹640. For 24-carat gold in Mumbai, 1 gram was priced at ₹15,834 (up by ₹84) and 8 grams stood at ₹1,26,672 (up by ₹672).
In Chennai and Hyderabad, 22-carat gold was traded at ₹15,030 for 1 gram (up by ₹80) and ₹1,20,240 for 8 grams (up by ₹640). The 24-carat gold in these two cities was priced at ₹15,782 for 1 gram (up by ₹84) and ₹1,26,256 for 8 grams (up by ₹672).
Delhi markets recorded 22-carat gold at ₹15,130 for 1 gram (up by ₹80) and ₹1,21,040 for 8 grams (up by ₹640). The 24-carat gold in Delhi was priced at ₹15,887 for 1 gram (up by ₹84) and ₹1,27,096 for 8 grams (up by ₹672).
In Ahmedabad, 22-carat gold stood at ₹15,134 for 1 gram (up by ₹80) and ₹1,21,072 for 8 grams (up by ₹640). Ahmedabad's 24-carat gold was priced at ₹15,891 for 1 gram (up by ₹86) and ₹1,27,128 for 8 grams (up by ₹672).
In Bengaluru, 22-carat gold was priced at ₹15,134 for 1 gram (up by ₹74) and ₹1,21,072 for 8 grams (up by ₹592). The 24-carat gold in Bengaluru reached ₹15,891 for 1 gram (up by ₹78) and ₹1,27,128 for 8 grams (up by ₹624).
Kolkata recorded the highest rates among the listed cities, with 22-carat gold at ₹15,180 for 1 gram (up by ₹80) and ₹1,21,440 for 8 grams (up by ₹640). The 24-carat gold in Kolkata was priced at ₹15,939 for 1 gram (up by ₹84) and ₹1,27,512 for 8 grams (up by ₹672).
"Fluctuations in precious metal prices directly impact consumer spending behavior and retail market liquidity across major Indian cities. While daily price increases are standard market occurrences, businesses dealing in retail and jewellery must closely monitor these trends to manage inventory costs and consumer demand effectively." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
