Gold Prices in India on August 31, 2025
NEW DELHI, August 31, 2025 — Gold prices in India remained stable today, with slight fluctuations across various cities. The price of 24-carat gold is ₹1,02,390 per 10 grams, while 22-carat gold is priced at ₹93,790 per 10 grams. These rates reflect a modest increase from the previous week, indicating a steady demand for the precious metal.
Factors Influencing Gold Prices
Several factors contribute to the current gold prices in India:
- Global Economic Conditions: Economic uncertainties, including inflation concerns and currency fluctuations, often lead investors to seek safe-haven assets like gold.
- Domestic Demand: Festivals and wedding seasons in India typically drive up gold demand, influencing prices.
- Currency Exchange Rates: The value of the Indian Rupee against the US Dollar affects gold import costs, impacting domestic prices.
Expert Outlook: Should You Invest in Gold?
Financial analysts suggest a cautious approach to gold investments:
- Short-Term Stability: While gold prices have shown stability, short-term gains may be limited due to global economic factors.
- Long-Term Hedge: Gold continues to be a reliable hedge against inflation and currency devaluation over the long term.
- Diversification: Investors are advised to diversify their portfolios, balancing gold with other assets to mitigate risks.
FAQs
Q1: What is the current price of 24-carat gold in India?
As of August 31, 2025, 24-carat gold is priced at ₹1,02,390 per 10 grams.
Q2: What factors affect gold prices in India?
Gold prices are influenced by global economic conditions, domestic demand, and currency exchange rates.
Q3: Is investing in gold advisable in the current market?
Experts recommend considering gold as a long-term investment for portfolio diversification, while being cautious of short-term market fluctuations.
Sources:
Good Returns
Times of India
