Prices rise as bids remain strong due to global worries and holiday shopping.
The price of a gramme of fine gold (999) is Rs 12,725; the price of a regular 22K is Rs 12,419. Additionally, lower purities—20K at Rs 11,325, 18K at Rs 10,307, and 14K at Rs 8,207—are steadily increasing in value. These are reference averages for all of India and usually do not include GST, thus jewelers pass on local premiums and taxes.
How this compares to yesterday
The upward trend from last week has continued as gold prices across all purities have slightly increased from yesterday. Although the increase is small, it maintains the impetus that the floor is receiving from seasonal purchasing and global risk.
Every purity has increased daily. Today’s pricing is up Rs 46 per gramme compared to yesterday’s print of Rs 12,679 for 999 gold. The 22K pricing has increased by Rs 44 from Rs 12,375, the 20K quotation has increased by Rs 40 from Rs 11,285, the 18K quote has increased by Rs 37 from Rs 10,270, and the 14K cost is Rs 29 higher from Rs 8,178. That comes to around Rs 460 more for Rs 999, Rs 440 for Rs 22K, Rs 400 for Rs 20K, Rs 370 for Rs 18K, and Rs 290 for Rs 14K on a 10-gram basis.
What is influencing the mood
The market continues to benefit from a combination of global uncertainty and Christmas demand, which tends to increase interest in safe havens. Due in part to the softer per-gram cost, customers seeking lighter, daily items continue to choose 18K and 14K, while wholesalers have been replenishing their inventory as the season progresses. Although local impulses have been strong enough to keep bids solid until the beginning of the week, international signals are still a swing element.
Variations by city and the real cost
Local pricing, logistics, and design complexity lead sticker costs to vary by city and retailer. A neighborhood store may reverse the equation. A big metro business might quote a tighter per-gramme pricing but add a larger manufacturing fee on sophisticated work. What counts is the invoice: make sure the BIS hallmarking matches the caratage, check the day’s base rate, and separate the weight of the gold from any stones or other components to get your effective cost per gram.
For purchasers and traders
Today’s increase raises your budget a little if you are purchasing new jewelry, but it is a gradual rather than drastic change. The stronger board is advantageous for trading or selling ancient jewelry, particularly if
Your item has reduced buyback making-charge deductions. A percentage point here might be worth more than pursuing a little cheaper quotation elsewhere, so evaluate buyback policies for coins and bars just as carefully as you compare pricing.