Delhi Gold Prices Rise to ₹14,475 per Gram
Gold prices in Delhi have extended their recovery on July 31, rising for the second straight session. The 24K gold rate climbed to ₹14,475 per gram, while 22K gold advanced to ₹13,270 per gram, recovering further after the sharp correction seen earlier this week.
The steady rebound suggests buying interest has returned after last week's weakness, although market participants continue to monitor international bullion prices and global economic cues. Despite the recent bounce, 24K gold remains ₹181 per gram below its July 22 level of ₹14,656.
The recovery has improved sentiment, but gold still has some ground to cover before returning to the levels seen before last week's correction. Gold prices in India are influenced by international bullion rates, fluctuations in the rupee against the U.S. dollar, import duties, inflation expectations, and central bank policy decisions.
Investors looking to diversify beyond physical gold can also explore Gold ETFs in India. The estimated cost of 10 grams of 22K gold jewellery works out to ₹1,53,083, including making charges and GST.