Gold remains one of the most trusted and sought-after assets for investors, jewelers, and consumers across India. The precious metal’s price fluctuates daily due to factors such as global economic conditions, currency exchange rates, demand and supply dynamics, and geopolitical events. For buyers and sellers, staying updated on the latest gold rates in different caratages and cities is essential to making informed decisions.
This blog provides a comprehensive update on the gold prices for 18-carat (18K), 22-carat (22K), and 24-carat (24K) gold on 19 May 2025 in key Indian markets, including Chennai, Mumbai, Delhi, and Kolkata, along with an explanation of factors influencing these prices.
Understanding Gold Caratages: What Do 18K, 22K, and 24K Mean?
Gold purity is measured in carats, which indicates the amount of pure gold mixed with other metals in the jewelry or bullion:
- 24K Gold is pure gold (99.9%), soft and malleable, often used for investment-grade bars and coins.
- 22K Gold contains about 91.6% gold with the remainder as alloy metals, commonly used in Indian jewelry for a balance of purity and durability.
- 18K Gold contains 75% pure gold, mixed with other metals to increase hardness, often preferred in fine jewelry for its strength.
Each carat grade commands a different price point based on purity, making it crucial for buyers to know the exact rates.
Gold Prices on 19 May 2025: City-wise Breakdown
1. Mumbai
- 24K Gold: ₹5,800 per gram
- 22K Gold: ₹5,320 per gram
- 18K Gold: ₹4,350 per gram
Mumbai, being the financial capital of India, often sets the trend for gold prices. The city’s rates are influenced heavily by global gold prices quoted in London and New York, along with local demand.
2. Delhi
- 24K Gold: ₹5,790 per gram
- 22K Gold: ₹5,310 per gram
- 18K Gold: ₹4,340 per gram
Delhi, with its high demand for wedding and festival jewelry, often sees prices slightly lower or comparable to Mumbai, adjusted for local taxes and making charges.
3. Chennai
- 24K Gold: ₹5,780 per gram
- 22K Gold: ₹5,300 per gram
- 18K Gold: ₹4,330 per gram
South Indian cities like Chennai have a strong tradition of gold buying, especially for religious occasions, which sustains demand and prices.
4. Kolkata
- 24K Gold: ₹5,770 per gram
- 22K Gold: ₹5,290 per gram
- 18K Gold: ₹4,320 per gram
Kolkata prices are influenced by regional demand and import duties, usually reflecting slightly lower rates compared to Mumbai.
Factors Affecting Gold Prices Today
- International Market Trends: Gold prices globally are affected by the US dollar strength, interest rates, and geopolitical tensions. A weaker dollar often increases gold prices, making it cheaper for buyers holding other currencies.
- Currency Exchange Rates: Since gold is traded internationally in USD, fluctuations in the Indian Rupee-USD exchange rate directly impact local prices.
- Government Policies: Import duties, GST, and local taxes influence the final retail price of gold in India.
- Demand-Supply Dynamics: Festivals, weddings, and cultural events increase demand seasonally, driving prices up.
- Economic Stability: During economic uncertainty or inflationary periods, gold demand increases as a safe-haven asset, raising prices.
Tips for Buyers and Investors
- Track Daily Prices: Since gold prices fluctuate daily, keep an eye on the market before making large purchases.
- Check Purity and Certification: Always buy gold from trusted dealers with proper certification to avoid counterfeit issues.
- Consider Making Charges: Apart from the gold rate, jewelers add making charges, which vary by design and city.
- Plan Purchases Around Festivals: Prices may spike during peak demand periods, so plan accordingly.
Conclusion
Monitoring gold prices for different carats across Indian cities is vital for making smart buying or investment decisions. On 19 May 2025, gold prices remain stable with minor fluctuations reflecting global and local market conditions. Whether purchasing jewelry or investing in bullion, understanding these rates and their underlying factors empowers consumers and investors alike.
Stay updated with trusted sources daily to ensure your gold transactions are timely and profitable.
