Gold Prices Dip to 15,344 INR per Gram in India

The price of 24-carat gold in India stands at 15,344 rupees per gram. This figure represents a drop of 27 rupees compared to the rate on September 15. The 22-carat gold price is set at 14,065 rupees per gram. The 18-carat gold price is 11,508 rupees per gram. These rates are based on data from GN auto markets/commodities: gold prices.

22-carat gold rose by 25 rupees since the last day. 18-carat gold increased by 20 rupees over the same period. The market is reacting to global macroeconomic signals. Investors are monitoring central bank decisions closely. Volatility remains high in precious metals.

Global spot prices rebound after losses

Global spot gold rose above 4,330 dollars per ounce. This follows two consecutive sessions of declines. The recovery is attributed to falling oil prices. Lower oil costs reduce inflation concerns. Treasury yields also dipped from recent highs.

Traders expect gold to trade between 4,250 and 4,400 dollars. A break below 4,250 dollars could trigger further selling. A supportive Federal Reserve stance may extend the rally. The next two decades of yield levels are key factors.

Regional conflicts drive safe-haven demand

Geopolitical tensions are escalating in the Middle East. Saudi authorities intercepted a drone targeted at Mecca. Iran and the United States have resumed hostilities. The previous 60-day armistice has collapsed. Diplomatic channels have broken down.

Shipping through the Strait of Hormuz has dropped sharply. Daily vessel transits fell to four. The 10-day average was 18. Investors are shifting capital into gold. This asset serves as a hedge against instability. Energy supply risks are rising.

City-specific rates show minor variations

Delhi prices 24-carat gold at 15,359 rupees. Chennai, Mumbai, and Kolkata list it at 15,344 rupees. Vadodara and Ahmedabad also price it at 15,359 rupees. 22-carat gold in Delhi costs 14,080 rupees. Other major cities report 14,065 rupees for the same purity.

18-carat gold in Chennai is 11,834 rupees. Mumbai and Kolkata list it at 11,508 rupees. Delhi prices it at 11,523 rupees. Vadodara and Ahmedabad set the rate at 11,513 rupees. These local differences reflect regional tax and transport costs.