Hyderabad: 26 June 10:20 AM IST
Gold continues to play a vital role in Indian households, serving not only as a symbol of prosperity and tradition but also as one of the country’s most trusted investment assets. From weddings and festivals to long-term wealth preservation, Indians have always considered gold a safe financial option during periods of economic uncertainty.
With the wedding season currently driving jewellery purchases across the country, domestic gold demand remains robust despite fluctuations in international bullion markets. The latest bullion market data indicates that gold prices have remained almost unchanged compared to the previous trading session, offering some relief to families planning jewellery purchases.
Latest Gold Price Today in India
According to the latest market rates, 24-karat gold is priced at ₹1,41,320 per 10 grams, registering a marginal decline of just ₹10 from the previous day’s rate of ₹1,41,330.
Similarly, 22-karat gold, the most preferred choice for jewellery in India, is trading at ₹1,29,540 per 10 grams, also down by ₹10.
Meanwhile, 18-karat gold, commonly used for diamond and designer jewellery, is available at ₹1,05,990 per 10 grams.
The negligible movement suggests that domestic gold prices have stabilized after Thursday’s sharp correction.
Gold Prices Recover After Sharp Fall
The current stability follows a significant decline witnessed on Thursday.
During the previous trading session:
24K gold fell by ₹1,580 per 10 grams
22K gold declined by ₹1,450 per 10 grams
Compared to those steep losses, today’s movement reflects a largely stable market.
Experts believe that international factors, including fluctuations in the US dollar, bond yields, central bank policies, and geopolitical developments, continue to influence short-term bullion prices. However, strong domestic demand during India’s wedding season has helped keep prices relatively steady.
Today’s Gold Rates in Major Indian Cities
City 24K Gold (10g) 22K Gold (10g)
Mumbai ₹1,41,320 ₹1,29,540
Kolkata ₹1,41,320 ₹1,29,540
Bengaluru ₹1,41,320 ₹1,29,540
New Delhi ₹1,41,470 ₹1,29,690
Chennai ₹1,43,340 ₹1,31,390
Among the major metros, Chennai continues to report the highest gold prices, while Mumbai, Kolkata, and Bengaluru are recording identical rates.
Silver Prices Today
Silver prices have also witnessed a slight decline.
The metal has become ₹100 cheaper per kilogram compared to the previous day.
Current silver prices are:
Hyderabad – ₹2,34,900/kg
Vijayawada – ₹2,34,900/kg
Visakhapatnam – ₹2,34,900/kg
Mumbai – ₹2,34,900/kg
Delhi – ₹2,34,900/kg
Kolkata – ₹2,34,900/kg
Bengaluru – ₹2,34,900/kg
Chennai – ₹2,29,900/kg
Why Gold Demand Remains Strong During Wedding Season
India is one of the world’s largest consumers of gold. Wedding ceremonies account for a substantial share of annual jewellery sales. Families traditionally purchase necklaces, bangles, earrings, rings, chains, and other ornaments as part of wedding celebrations.
Besides cultural significance, many households also view gold as:
A hedge against inflation
A safe investment during market uncertainty
An easily liquidated financial asset
A long-term store of wealth
Because of these factors, gold demand generally remains resilient even when prices experience temporary volatility.
Understanding 24K, 22K and 18K Gold Before Buying Jewellery
Many buyers often find terms like 24K, 22K, and 18K confusing. Understanding these purity levels can help consumers make informed decisions.
What is 24-Karat Gold?
24-karat gold contains approximately 99.9% pure gold, making it the purest form available in the market.
Since pure gold is extremely soft, it is rarely used for regular jewellery.
It is mainly preferred for:
Gold coins
Gold bars
Bullion investment
Wealth preservation
Because of its higher purity, 24K gold is generally the most expensive.
What is 22-Karat Gold?
22K gold contains approximately 91.67% pure gold, with the remaining 8.33% consisting of metals such as copper, silver, or zinc.
This composition makes it much stronger while maintaining high purity.
Most Indian jewellery is manufactured using 22K (916) gold, including:
Necklaces
Bangles
Earrings
Wedding jewellery
Chains
Bracelets
For buyers looking for traditional jewellery, 22K remains the most popular choice.
What is 18-Karat Gold?
18-karat gold consists of 75% pure gold and 25% alloy metals.
The additional alloy makes it more durable than both 22K and 24K gold.
It is widely used for:
Diamond jewellery
Designer collections
Stone-studded ornaments
Contemporary jewellery
Because it contains less pure gold, 18K jewellery is generally more affordable.
Which Gold Should You Buy?
The right choice depends on your purpose.
Purpose Recommended Gold
Investment 24K Gold
Traditional Jewellery 22K Gold
Diamond Jewellery 18K Gold
Always Look for BIS Hallmark
Before purchasing any gold jewellery, consumers should ensure that it carries a valid BIS Hallmark.
A BIS Hallmark certifies:
Gold purity
Authenticity
Government-approved quality standards
Buying hallmarked jewellery helps protect consumers against purity-related fraud and ensures better resale value.
Market Outlook
Bullion analysts believe that while international developments will continue to influence short-term price movements, domestic demand is expected to remain healthy due to the ongoing wedding season.
With prices stabilizing after Thursday’s sharp decline, many buyers may consider this an opportune time to purchase jewellery. However, experts advise consumers to compare prices across retailers, verify making charges, and always purchase BIS-hallmarked jewellery from trusted jewellers.
FAQs
Why are gold prices stable today?
Gold prices have remained largely unchanged after a sharp decline in the previous trading session. Stable international bullion prices and strong domestic demand have supported the market.
Which gold is best for jewellery?
22K gold is generally considered the best option for traditional jewellery because it offers an ideal balance between purity and durability.
Is 24K gold suitable for daily wear?
No. Due to its high purity, 24K gold is soft and is mainly used for investment in coins and bars rather than everyday jewellery.
Why is Chennai’s gold price higher?
Gold prices vary slightly between cities because of local taxes, transportation costs, and jewellers’ pricing policies.
What should buyers check before purchasing gold?
Always verify the BIS Hallmark, compare making charges, check the day’s market rate, and request a proper invoice from the jeweller.
Raftaar e Deccan Newsdesk is the central editorial desk of Raftaar e Deccan, responsible for compiling, editing, and publishing breaking news, official statements, and verified inputs from reporters and agencies.
