“Many things influence gold prices in India. These include changes in the world market, the strength of the US dollar, how much it costs to bring gold into India, how much interest banks pay on savings accounts, how strong the economy is, seasonal changes, inflation, and how much gold people want to buy compared to how much is available.
When inflation is high, people often buy more gold, and this can make the price go up. Likewise, when more people want gold, its price goes up because there isn’t enough for everyone.
Also, the price of gold in India is affected by the international price of gold. It’s just like how the price of any other product can change based on how much people want it and how much is available. So, when more people want gold and there isn’t enough, the price goes up.”
| CITY NAME | Standard Gold Rate (22 K) Today’s Price 20-08-2023 | Standard Gold Rate (24 K) Today’s Price 20-08-2023 |
| 1 GM | 10 GM | 1 GM | 10 GM | |
| KOLKATA | ₹ 5,545 | ₹ 55,450 | ₹ 5,822 | ₹ 58,220 |
| DELHI | ₹ 5,510 | ₹ 55,100 | ₹ 5,786 | ₹ 57,860 |
| MUMBAI | ₹ 5,503 | ₹ 55,030 | ₹ 5,778 | ₹ 57,780 |
| CHENNAI | ₹ 5,450 | ₹ 54,500 | ₹ 5,723 | ₹ 57,230 |
| BANGALORE | ₹ 5,515 | ₹ 55,150 | ₹ 5,791 | ₹ 57,910 |
| KERALA | ₹ 5,410 | ₹ 54,100 | ₹ 5,681 | ₹ 56,810 |
| LUCKNOW | ₹ 5,510 | ₹ 55,100 | ₹ 5,786 | ₹ 57,860 |
| MADHYA PRADESH | ₹ 5,503 | ₹ 55,030 | ₹ 5,778 | ₹ 57,780 |
| NOIDA | ₹ 5,510 | ₹ 55,100 | ₹ 5,786 | ₹ 57,860 |