India's Gold Market Sees Volatility Ahead of Festive Season

Gold prices in India remain volatile ahead of the Diwali and Dhanteras festivals, which typically boost demand for gold jewelry. The current price of 24-karat gold is around ₹14,918 per gram, while 22-karat gold is priced at approximately ₹13,675 per gram. These rates are based on the latest average retail indicators.

The gold market in India has been influenced by a combination of global economic and geopolitical factors, including tensions between nations, crude oil prices, US interest-rate expectations, and currency movements. As a result, gold prices have experienced significant fluctuations in recent times.

Buyers should note that the final price paid for gold jewelry may not be solely based on the quoted rate. Additional costs such as 3% GST and making charges must also be considered when purchasing gold products.