New Delhi/Lucknow, September 14 (TNA) Gold prices edged lower in domestic markets on Monday, amid weaker international cues, though rates remained near record-high levels above ₹1.54 lakh per 10 grams in major cities. The correction came on Ganesh Chaturthi, a day traditionally associated with higher demand for precious metals and jewellery.
Benchmark 24-carat gold was quoted at around ₹1,53,260 per 10 grams at the all-India level, while 22-carat gold stood near ₹1,40,488 per 10 grams, according to city-wise retail market data.
Lucknow gold rate today
In Lucknow, 24-carat gold was quoted at ₹1,54,730 per 10 grams, while 22-carat gold was priced at ₹1,41,850 per 10 grams. The 18-carat rate in the city stood at ₹1,16,090 per 10 grams, according to the latest published retail rate data.
Another city-level tracker placed Lucknow’s 24-carat rate at ₹15,424 per gram and its 22-carat rate at ₹14,140 per gram, underlining that retail prices can vary between jewellers because of local demand, making charges, taxes and data-update timings.
International cues weigh on bullion
Gold prices softened in early trade, with Comex gold reportedly down about 0.79 per cent, while silver declined around 1.22 per cent. Data cited in market reports placed gold at approximately ₹1,53,260 per 10 grams and silver at around ₹2,34,690 per kg. At the national level, 24-carat gold was quoted near ₹15,409 per gram, down ₹49 from the previous rate, while 22-carat gold was around ₹14,125 per gram, lower by ₹45.
Buyers advised to check local rates
Jewellers said consumers planning festive purchases should compare rates at multiple outlets before buying, as city-wise retail prices can differ due to transportation costs, local supply-demand conditions, making charges and individual jeweller margins.
Gold prices in India are influenced by international bullion rates, the rupee-dollar exchange rate, import duties, domestic demand and geopolitical developments. With rates still elevated despite Monday’s correction, buyers may continue to make staggered purchases rather than commit to large one-time buys.