Gold Rate in India Rebounds After Falling Nearly Rs 40,000 In a Day; Will Gold Price Today Jump or Drop?

Gold rates in India witnessed a fresh rebound in the latest trading session, recovering from the sharp correction seen earlier. The upward move reflects renewed buying interest in the domestic market, even as United States (US) President Donald Trump's vow to intensify attacks on Iran. The yellow metal regained momentum across purity levels, with 24 Karat (24K), 22 Karat (22K) and 18 Karat (18K) gold all posting gains.

Gold Rate in India: Check 24K, 24K & 18K Gold Prices Per Gram

24 Karat Gold Price Today in India

As per latest trading session, the price of 1 gram of 24K gold increased by Rs 196 to Rs 15,093, compared to Rs 14,897 in the previous session. 8 grams of 24K gold is now priced at Rs 1,20,744, up by Rs 1,568 from Rs 1,19,176. The 10-gram benchmark rate climbed to Rs 1,50,930, marking a gain of Rs 1,960 from Rs 1,48,970.

Meanwhile, 100 grams of 24K gold is currently valued at Rs 15,09,300, reflecting a sharp increase of Rs 19,600 from the previous level of Rs 14,89,700.

22 Karat Gold Price Today in India

The rate for 1 gram of 22K gold rose by Rs 180 to Rs 13,835, compared to Rs 13,655 earlier. For 8 grams, the price stands at Rs 1,10,680, gaining Rs 1,440 from Rs 1,09,240. The 10-gram rate has increased to Rs 1,38,350, up by Rs 1,800 from Rs 1,36,550. On a larger scale, 100 grams of 22K gold is now priced at Rs 13,83,500, registering a rise of Rs 18,000 from Rs 13,65,500.

18 Karat Gold Price Today in India

The rate for 1 gram of 18K gold rose by Rs 147 to Rs 11,320 from Rs 11,173. For 8 grams, the price is now Rs 90,560, up by Rs 1,176 from Rs 89,384. The 10-gram rate stands at Rs 1,13,200, reflecting a gain of Rs 1,470 from Rs 1,11,730. Meanwhile, 100 grams of 18K gold is priced at Rs 11,32,000, marking an increase of Rs 14,700 from Rs 11,17,300.

Spot Gold Price Trends

In the international market, gold prices showed a contrasting trend. As per latest trading session, spot gold declined by more than 2% to around $4,677 per ounce, snapping a four-day rally. The fall came as the US dollar and oil prices strengthened following statements by US President Donald Trump regarding continued military action involving Iran.

Is US Dollar Affecting Gold Rates? Check Gold Price Outlook

The developments have raised concerns about inflation and the possibility of higher interest rates, both of which typically weigh on gold prices globally. A stronger dollar also makes gold more expensive for holders of other currencies, reducing demand.

Market experts suggest that gold is currently navigating conflicting signals. On one hand, geopolitical tensions continue to support its safe-haven appeal. On the other, rising bond yields and a stronger US dollar are limiting further upside.

"Due to the conflicting scenarios, we have seen volatile price movements. With the potential for higher inflation due to rising energy prices, expectations around interest rates have shifted. Higher yields tend to reduce the appeal of non-yielding assets like gold," said Ross Maxwell, Global Strategy Operations Lead at VT Markets.

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