Gold prices rise again in India after 3-day decline

New Delhi, May 19: Gold prices in India rebounded on Tuesday after witnessing a three-day downward trend, reflecting renewed buying interest in the domestic bullion market amid continuing global economic uncertainty.

According to the latest market rates, 24-carat gold prices increased by ₹82 per gram compared to the previous trading session. The price of one gram of 24-carat gold stood at ₹15,704, up from ₹15,622 recorded yesterday.

The increase translated into higher prices across larger quantities as well:

• 8 grams of 24-carat gold rose by ₹656 to ₹1,25,632;

• 10 grams increased by ₹820 to ₹1,57,040;

• 100 grams climbed by ₹8,200 to ₹15,70,400.

Bullion traders said the recovery comes after investors returned to safe-haven assets following recent volatility in global financial markets and concerns over inflationary pressures, geopolitical tensions, and fluctuations in international currency markets.

Domestic jewellers also reported that wedding-season demand and continued household buying supported prices despite the recent correction witnessed over the past few days.

Market analysts noted that gold continues to remain attractive for Indian consumers and investors as a hedge against economic uncertainty, though price volatility may persist in the short term depending on international market movements, crude oil prices, and the strength of the US dollar.

India remains one of the world’s largest consumers of gold, with retail demand traditionally strengthening during the wedding season, festivals, and periods of financial instability.