Gold Rate in India Rises Again After Rs 23,400 Fall; MCX Price Declines: Will Gold Price Today Drop or Climb?

Gold rates in India are on a rollercoaster ride this week, leaving investors tracking every move closely. After a sharp fall in the previous session, bullion prices have bounced back again in the latest trade, reflecting a classic tug-of-war between global easing signals and market corrections.

After dropping by Rs 234 per gram for 24 Karat (24K) gold and Rs 215 per gram for 22 Karat (22K) gold in the previous session, prices have moved higher again. In the latest session, 24K gold rose to Rs 15,235 per gram, gaining Rs 87, while 22K gold climbed to Rs 13,965 per gram, up Rs 80. On a bulk level, 24K gold saw an increase of Rs 8,700 per 100 grams after a sharp decline of Rs 23,400 in the earlier session.

The recent US-Iran ceasefire, which cooled oil prices and inflation fears, has added another layer of volatility, triggering quick shifts in investor sentiment and keeping gold firmly in focus.

Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram

24 Karat Gold Rate Today in India

For 24K gold, the price stood at Rs 15,235 per gram as per latest trading session. The rate for 8 grams increased to Rs 1,21,880 from Rs 1,21,184, marking a rise of Rs 696. Similarly, 10 grams of 24K gold were priced at Rs 1,52,350, up by Rs 870 from the previous session. On a larger scale, 100 grams rose to Rs 15,23,500, registering a gain of Rs 8,700.

22 Karat Gold Rate Today in India

In the 22K segment,the rate per gram increased to Rs 13,965 from Rs 13,885, reflecting a gain of Rs 80. For 8 grams, the price climbed to Rs 1,11,720, up by Rs 640, while 10 grams rose to Rs 1,39,650, gaining Rs 800. The price for 100 grams reached Rs 13,96,500, marking an increase of Rs 8,000 compared to the previous session.

18 Karat Gold Rate Today in India

Meanwhile, 18K gold prices also registered gains in the latest trading session. The rate per gram rose to Rs 11,426 from Rs 11,361, up by Rs 65. The cost of 8 grams increased to Rs 91,408, marking a rise of Rs 520, while 10 grams were priced at Rs 1,14,260, up Rs 650. On a bulk basis, 100 grams of 18K gold climbed to Rs 11,42,600, registering a gain of Rs 6,500.

MCX Gold Price Trends

On the derivatives front, gold prices on the Multi Commodity Exchange (MCX) moved lower. Gold futures for June delivery declined by Rs 1,363, or 0.89%, to trade at Rs 1,52,071 per 10 grams on Friday, reflecting weak spot demand and subdued global cues.

Spot Gold Price Trends

In the global market, spot gold remained relatively stable, holding above $4,700 per ounce and staying on track for a third consecutive weekly gain as per Trading Economics. The metal found support from a softer US dollar, which had earlier acted as a key safe-haven asset during the geopolitical crisis.

Gold Rate Outlook Ahead for This Weekend

Investor focus is now shifting to upcoming diplomatic talks in Islamabad, where US Vice President JD Vance is expected to lead discussions with Iranian officials.

Looking ahead, the outlook for gold remains cautiously optimistic. Morgan Stanley expects gold prices to stay stable through the second quarter before gaining momentum in the latter half of the year. The firm noted that if interest rate hikes by the US Federal Reserve are avoided, gold could see a rebound.

Additionally, any resolution to geopolitical tensions could shift investor focus back to currency-related risks, potentially supporting further gains in gold prices.

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