Indian Gold Prices Soar to ₹1,52,350 per 10 Grams on August 9

Gold prices in India continued their upward trend on August 9, with the national rate for 24K gold reaching ₹15,235 per gram or ₹1,52,350 per 10 grams. This marks a significant increase from earlier in the week, and investors are closely watching international bullion prices, the US dollar, interest-rate expectations, and geopolitical developments for clues about the next direction of gold.

The domestic gold market has been driven by strong retail rates, with 24K gold remaining above the ₹1.50 lakh mark per 10 grams. The national rate for 22K gold stood at ₹13,965 per gram or ₹1,39,650 per 10 grams, while 18K gold was quoted at ₹11,426 per gram or ₹1,14,260 per 10 grams.

Gold prices can vary between cities due to local market conditions, logistics, taxes, and jeweler margins. The latest available data shows differences across major markets in Delhi, Mumbai, Chennai, Bengaluru, Pune, Ahmedabad, Lucknow, and other cities.