Gold Prices in Delhi Stable Amid Modest Movement

Gold prices in Delhi remained largely steady on July 28, after Monday's significant increase. The price of 24K gold edged up by ₹1 to ₹14,605 per gram, while 22K gold moved to ₹13,386 and 18K gold to ₹10,955.

The recovery from the decline on July 24 has held, with 24K gold now just ₹51 below its recent high of ₹14,656. The latest move is modest compared to the swings seen over the past week, but it suggests that prices are stabilizing.

Gold prices in Delhi are influenced by international bullion prices and movements in the rupee against the US dollar, as well as interest-rate expectations, inflation, central bank activity, and geopolitical developments. Domestic import costs and taxes also play a role in determining gold rates in India.