Gold Prices Remain Steady, May Rally to ₹1.48 Lakh in Weeks Ahead

Gold prices in India remained relatively stable on August 18, according to data from top jewellers. The current gold rates range from ₹14,270 per gram for 22K gold at Joyalukkas and Malabar Gold & Diamonds to ₹15,616 per gram for 24K gold at Tanishq.

The slight variations in prices across different states and retailers are largely due to brand-specific pricing policies, procurement costs, and regional market conditions. Overall, bullion trends continue to influence gold prices.

Vandana Bharti of SMC Global predicts that gold may rally to ₹1.48 lakh in 1-2 weeks despite the current correction. Market participants will be watching global economic data, US interest rate expectations, and currency movements for further direction in precious metal prices.