Gold Rates RISE Today In India Despite Spot Gold Price Down; 24K, 22K, 18K Gold Prices In Chennai, Hyderabad

Gold rates in India surged sharply on February 24, despite bullion falling steeply at MCX and the international market as uncertainty related to US President Donald Trump's tariff looms. 24 carat gold price is nearing Rs 1.62 lakh mark in 10 grams in majority of cities like Mumbai, Kolkata, Bengaluru, Hyderabad, Pune and others. On the other hand, gold rate in Chennai crossed Rs 1.62 lakh. One of the key reason behind the upside is renewed buying interests.

Gold Rates In India:

24 carat gold rate surged by Rs 430 to Rs 1,61,780 per 10 grams, while the price soared by Rs 400 in 22 carat to Rs 1,48,300 per 10 grams and was up by Rs 330 to Rs 1,21,340 in 18 carat. This price level is in cities like Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune. While 24 carat gold price stood at Rs 1,61,930 per 10 grams in Delhi, and jumped to Rs 1,61,830 in Ahmedabad and Vadodara. Gold is the most expensive in Chennai.

Why Gold Prices Are Up?

As per Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), gold is continuing its recovery as it advances further with renewed buying interest. Although the recovery has been sharp, gold seems to be regaining its upward momentum as investors seem to be regaining confidence after the recent correction from last week.

Also, the latest performance is despite steep decline in spot gold price who is down by 1% and trading around $5,170 per ounce. Eventually, spot gold has halted its fourth consecutive day's gaining spree.

Among global factors, President Trump's new 10% global tariff took effect today, as the White House moves to revive his tariff agenda after the Supreme Court last week blocked many levies imposed last year. Reports suggest the administration is preparing a formal order that could raise the rate to 15%. On Monday, Trump warned of steeper duties on countries that "play games" with their existing trade deals. His warning comes as many trade partners reassess their trade positions following the court's ruling. The EU halted the ratification process of its trade agreement, while India deferred talks with the US. On the geopolitical front, attention remains on US-Iran nuclear talks, set to resume on Thursday. Trump said he prefers a negotiated settlement but cautioned that serious consequences could follow if a deal is not reached, as per Trading Economics.

Check Gold Rates In Top Cities:

These gold rates are in 1 gram.

City	24K Gold (Today)	22K Gold (Today)	18K Gold (Today)
Chennai	₹16,244	₹14,890	₹12,730
Mumbai	₹16,178	₹14,830	₹12,134
Delhi	₹16,193	₹14,845	₹12,149
Kolkata	₹16,178	₹14,830	₹12,134
Bangalore	₹16,178	₹14,830	₹12,134
Hyderabad	₹16,178	₹14,830	₹12,134
Kerala	₹16,178	₹14,830	₹12,134
Pune	₹16,178	₹14,830	₹12,134
Vadodara	₹16,183	₹14,835	₹12,139
Ahmedabad	₹16,183	₹14,835	₹12,139

Gold Rates In Chennai:

24 carat gold price surged by Rs 330 to Rs 1,62,440 per 10 grams, and rose by Rs 3,300 to Rs 16,24,400 per 100 grams. Gold is up by Rs 264 to Rs 1,29,952 per 8 grams, and surged by Rs 33 to Rs 16,244 per 1 gram.

Further, 22 carat gold rates in Chennai witnessed an upside of Rs 300 to Rs 1,48,900 per 10 grams, while it climbed by Rs 3,000 to Rs 14,89,000 per 100 grams, and edged higher by Rs 240 to Rs 1,19,120 per 8 grams. The cheapest price is of 1 gram at Rs 14,890 which is up by Rs 30.

Additionally, 18 carat gold rates inched up by Rs 100 to Rs 1,27,300 per 10 grams, jumped by Rs 1,000 to Rs 12,73,000 per 100 grams, and edged higher by Rs 80 to Rs 1,01,840 per 8 grams. Gold is up by Rs 10 to Rs 12,730 in 1 gram.

Gold Rates In Hyderabad:

Gold rates in Hyderabad increased at a much higher scale than Chennai. In the city, 24 carat gold price rose by Rs 430 to Rs 1,61,780 per 10 grams, while it jumped by Rs 4,300 to Rs 16,17,800 per 100 grams, was higher by Rs 344 to Rs 1,29,424 per 8 grams and inched up by Rs 43 to Rs 16,178 per 1 gram.

In case of 22 carat, 10 grams gold is up by Rs 400 to Rs 1,48,300, while 100 grams gold advanced by Rs 4,000 to Rs 14,83,000, and 8 grams gold zoomed by Rs 320 to Rs 1,18,640. Lastly, 1 gram gold is up by Rs 40 to Rs 14,830.

Under the 18 carat gold, 10 grams price surged by Rs 330 to Rs 1,21,340 and 100 grams gold climbed by Rs 3,300 to Rs 12,13,400. In the same carat, 8 grams gold is up by Rs 264 to Rs 97,072 and 1 gram is up by Rs 33 to Rs 12,134.

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