Gold price today: Check price of 24 carat gold in metro cities?

Gold prices in India have been on the rise over the past few days, mirroring the trends in the international market. The increase comes as the global gold market reacts to a weaker US dollar and rising geopolitical tensions, particularly between Russia and Ukraine. These factors have increased demand for gold as a safe-haven investment.
On Wednesday, gold prices climbed to a one-week-high, marking the third consecutive session of gains, with spot gold prices reaching $2,636.59 per ounce, their highest level since 11 November. US gold futures also rose, trading at $2,639.80 per ounce.
The rise in gold prices comes at a time when wedding season demand in India is typically high. Colin Shah, Managing Director of Kama Jewelry, said, “Gold prices are down over 6% from the peak in global markets and over 3.7% in domestic markets. This is a big buying opportunity, especially for jewellery buyers in India. We are amid a wedding season, and gold buying is central to wedding celebrations.”
Gold prices vary across cities based on factors such as local taxes and transportation costs. Below is the breakdown of 24-carat and 22-carat gold prices in major Indian metros as of today:
The rise in gold prices is influenced by a mix of global and domestic factors:
Weaker dollar: A softer US dollar has made gold cheaper for holders of other currencies, increasing its demand.
Geopolitical tensions: Ongoing issues like the Russia-Ukraine conflict have led investors to look for safer investment options, including gold.
Seasonal demand: In India, the wedding season drives demand for gold, especially in the form of jewellery.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)