Indian Gold Rate Surges Amid International Decline

The gold rate in India has increased marginally despite the decline in international prices. According to recent data, the price of 24K gold in Delhi reached ₹14,475 per gram, up from ₹14,448 on the previous day. This represents a daily rise of ₹27 per gram for 24K gold and ₹25 for 22K gold.

The monthly high for 24K gold was ₹14,742, while the low was ₹14,093. Over the past five years, gold has seen a significant increase of +541.72%. However, in the last six months, it has declined by 11.50%.

The international gold market has shown weakness, but domestic prices have remained relatively stable due to currency exchange rate movements. The rupee's depreciation can lead to an increase in local gold prices despite a fall in international prices.