Gold Prices See Upward Trend Across Major Indian Cities

Gold prices registered an increase across various cities in India compared to the previous day, according to recent market updates. The nationwide average for 22-carat gold stood at ₹13,275 for 1 gram, marking an increase of ₹60, while 8 grams of 22-carat gold reached ₹1,06,200, up by ₹480.

Regional markets reported similar upward movements in both 22-carat and 24-carat categories. In Coimbatore, 22-carat gold was priced at ₹13,195 for 1 gram (up by ₹60) and ₹1,05,560 for 8 grams (up by ₹480). Meanwhile, 24-carat gold in Coimbatore traded at ₹13,855 per gram (up by ₹63) and ₹1,10,840 for 8 grams (up by ₹504). Nagpur recorded 22-carat gold at ₹13,245 per gram and 24-carat gold at ₹13,907 per gram.

Similar pricing trends were observed in Visakhapatnam, where 22-carat and 24-carat 1-gram rates mirrored Coimbatore at ₹13,195 and ₹13,855 respectively. In Surat and Jaipur, 22-carat gold was priced higher at ₹13,299 per gram, while 24-carat gold reached ₹13,964 per gram, both reflecting identical upward revisions of ₹60 and ₹63 per gram respectively.

Cities like Lucknow, Chandigarh, and Ludhiana recorded 22-carat gold at ₹13,295 per gram and 24-carat gold at ₹13,960 per gram. Indore and Nagpur shared identical pricing at ₹13,245 for 22-carat and ₹13,907 for 24-carat 1-gram quantities. Madurai, Thrissur, and Vijayawada aligned with Coimbatore and Visakhapatnam, listing 22-carat gold at ₹13,195 and 24-carat gold at ₹13,855 per gram.

On the higher end of the reported spectrum, Bhubaneswar and Patna recorded 22-carat gold at ₹13,345 per gram (up by ₹60) and 24-carat gold at ₹14,012 per gram (up by ₹63). Mysore reported 22-carat gold at ₹13,305 per gram and 24-carat gold at ₹13,970 per gram. Across all listed locations, the consistent increment of ₹60 for 22-carat and ₹63 for 24-carat per gram indicates a uniform market shift for the day.

"Fluctuations in precious metal prices directly impact consumer spending behavior and retail sentiment across regional markets in India. While daily price increases of modest margins are standard market occurrences, businesses operating in the retail and jewellery sectors must closely monitor these trends to manage inventory costs and consumer demand effectively." — Dr. Shishir Gupta, Founder & CEO, StartupLanes