Gold Prices Fall In Mumbai, Delhi, Other Cities: Check Latest Rates In Your City On June 27

Gold Prices Today: India, the world’s second-largest gold consumer after China, depends heavily on imports to meet domestic demand, with recycled gold contributing only marginally. Since gold is globally priced in US dollars, any fluctuation in the exchange rate directly affects its cost in the Indian market. Local prices are also shaped by international trends and domestic economic conditions.

High import duties and a complex tax regime further drive up retail prices. Although gold is traditionally seen as a hedge against inflation, its value is also influenced by shifts in bond yields and currency movements. Despite these variables, gold remains a reliable store of value and a preferred investment choice during periods of economic uncertainty.

The current gold rates in Delhi stand at Rs 9,084 per gram for 22-karat gold and Rs 9,909 per gram for 24-karat gold (commonly known as 999 gold).