Gold Prices Today: Latest Rates Across Major Indian Cities

Quick Summary

• Gold prices surged across major Indian cities (Mumbai, Kolkata, Delhi) and the domestic futures market on May 21, 2025.
• MCX Gold June contracts traded 0.66% higher at Rs 95,470 per 10 grams at 9:15 AM.
• Prices rose by Rs 244 for 24-carat gold and Rs 220 for the 22-carat category in key markets.
• Contributing factors included a weakening U.S dollar amid global financial uncertainties and interest rate cuts by Chinese and Australian central banks.
• Year-on-year data showed gold prices increased by nearly 30%, with a past CAGR return of about 15% since 2001.
• city-specific rates:

– Mumbai: Rs.8,930 (22-carat),Rs.9,742 (24-carat)
– Kolkata: Same as Mumbai
– Delhi: Slightly higher at rs.8,945 (22-carat), Rs.9,757 (24-carat).

• Gold pricing influenced by international market trends such as exchange rates,import duties & taxes alongside cultural drivers like festivals.

Indian Opinion Analysis

The upward movement in domestic gold prices highlights how global economic developments can exert meaningful influence on India’s commodity markets. The weakening U.S dollar has historically made safe-haven assets like gold more attractive to investors worldwide-a trend further reinforced here by monetary easing measures from central banks in China and Australia.

India’s long-standing cultural affinity for gold adds another dimension to its investment appeal during uncertainty; however, rising costs may pose challenges for retail buyers notably ahead of festive seasons or weddings when demand traditionally spikes.

These steady price hikes might reinforce confidence among investors who view precious metals as inflation-beating options but could also strain consumers reliant on physical purchases over financial instruments like ETFs or bonds backed by bullion holdings.

For traders tracking real-time fluctuations tied to international monetary trends will remain crucial amidst broader concerns tied globally linked risks

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