Gold prices in India rise on October 21 with 22K gold at ₹12,185 in Delhi and ₹12,170 in Mumbai. Check the latest gold rates in top cities across India today.

Gold prices in India saw an upward movement today, regaining momentum as global and domestic factors continue to drive investor interest. On October 21, the price of 22-karat gold in major cities like Delhi, Mumbai, and Ahmedabad ranged between ₹12,170 to ₹12,185 per gram, with 24-karat gold crossing ₹13,290 per gram in several locations.

India’s Dependence on Gold Imports

India, the world’s second-largest gold consumer after China, heavily depends on gold imports to meet domestic demand. Recycled gold plays only a minor role in total supply, making international market trends and currency fluctuations highly impactful for Indian buyers. Since gold is priced globally in U.S. dollars, any depreciation in the rupee adds pressure on local prices.

Moreover, Indian gold buyers pay a premium due to import duties, GST, and state-level taxes, which further raise the retail price of jewellery and bullion.

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Global Factors Impacting Gold Rates

Gold’s position as a safe-haven asset makes it highly sensitive to global economic and geopolitical shifts. Investors tend to move toward gold during periods of market uncertainty, rising inflation, or conflict. In recent months, factors like U.S. bond yields, central bank policies, and ongoing geopolitical tensions have significantly influenced global gold prices.

Gold Rates in Major Indian Cities Today (22K & 24K per gram)

City             22K Gold (per gram)        24K Gold (per gram)
Delhi                      ₹12,185                           ₹13,292
Mumbai                 ₹12,170                           ₹13,277
Ahmedabad          ₹12,175                           ₹13,282
Chennai                ₹12,180                           ₹13,288
Bengaluru            ₹12,170                            ₹13,277
Pune                      ₹12,170                           ₹13,277
Kolkata                 ₹12,170                            ₹13,277
Hyderabad           ₹12,170                            ₹13,277
Indore                   ₹12,175                           ₹13,282
Lucknow               ₹12,185                           ₹13,292

Why Gold Remains a Trusted Investment

Amid ongoing economic fluctuations, gold continues to be a preferred asset for wealth preservation. With its historical track record of value retention, investors often flock to gold to hedge against inflation, currency devaluation, or stock market volatility.

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