Gold Rate Update: 24K Gold Near ₹9,800 Mark Amid Inflation Concerns

The price of gold in India continues to remain strong amid ongoing global economic uncertainties. As of today, 24 karat gold is priced at ₹9,813 per gram, while 22 karat gold stands at ₹8,995 per gram. For those opting for more affordable jewelry, 18 karat gold is available at ₹7,360 per gram.

These prices reflect both global trends and rising domestic demand, as more Indians turn to gold not just for cultural reasons but also for financial security.

Gold as an Inflation Hedge and Investment Asset

Over the years, gold has evolved beyond its traditional role in weddings and festivals. It is now seen as a reliable hedge against inflation, particularly when markets are volatile or the rupee weakens.

Investment in gold, through forms like sovereign gold bonds, ETFs, or physical bars and coins, has increased significantly. Analysts suggest that high net-worth individuals and retail investors alike continue to allocate a portion of their portfolios to gold for long-term stability.

“Gold offers a buffer during inflationary periods and currency depreciation. Its performance in the last decade has outpaced many other asset classes,” says Meera Iyer, Senior Commodity Analyst at [Financial Institute].

Factors Influencing Today’s Gold Prices

Several key drivers continue to influence gold prices in India:

• Global Market Trends: Prices are aligned with global rates, currently impacted by tensions in commodity markets and central bank policies.
• Rupee-Dollar Exchange Rate: A weaker rupee makes imported gold more expensive.
• Domestic Demand: Seasonal buying, especially during wedding season, drives prices up.
• Import Duties and GST: Government taxation policies directly affect the retail cost.

Current Gold Rates (Per Gram) – May 28, 2025

Note: Rates may vary slightly across cities depending on local market conditions and jeweler premiums.

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FAQs on Gold Prices and Investment

Q1. Why is 24 karat gold more expensive than 22 karat?
24K gold is pure gold (99.9%), while 22K contains a mix of gold and other metals. Higher purity commands a higher price.

Q2. Is now a good time to invest in gold?
Yes, especially if you’re looking for a long-term hedge against inflation or market instability. Experts suggest staggered buying to average out costs.

Q3. How is gold taxed in India?
Gold attracts 3% GST on purchases. Capital gains from gold investments are taxable based on the holding period.

Q4. What is the best form to invest in gold?
Sovereign gold bonds and gold ETFs are recommended for low-risk investors as they offer returns without storage concerns.

Q5. Do gold prices change daily?
Yes, gold rates fluctuate daily based on global commodity markets, currency exchange rates, and local demand-supply dynamics.