"Gold Prices Surge: Today's Rates for 18, 22, and 24 Carat Gold in Major Indian Cities Revealed!"

Today's Gold Prices in Top Indian Cities - Update on 18, 22, and 24 Carat Rates

By: Paramita Datta | May 1st, 2026

The glittering world of gold has seen some interesting shifts in prices today across major Indian cities including Cheai, Bangalore, Hyderabad, Mumbai, and Delhi. According to the latest data, the gold price in India on May 1st stands at:

• 24 Carat Gold: Rs 15,213 per gram
• 22 Carat Gold: Rs 13,945 per gram
• 18 Carat Gold: Rs 11,410 per gram

These rates, as reported by Good Returns, reflect the current trends in the market. The price of 24K gold today has experienced a notable decrease of Rs 22 per gram, while 22K and 18K gold prices have also seen reductions of Rs 20 and Rs 16 per gram respectively.

Gold prices have been relatively stable with minor fluctuations observed in recent days. The market scenario has been influenced by various factors, including the conflict in West Asia that started on February 28, leading to fluctuations in gold and silver prices as well as crude oil rates.

Global gold prices have been under pressure, facing the possibility of a weekly loss. The rise in crude oil prices has raised concerns about inflation, hinting at potential prolonged periods of elevated interest rates, which has added to the downward pressure on gold.

Factors such as global market rates, import duties, taxes, and currency exchange rate movements play a crucial role in shaping gold prices in India. Furthermore, disruptions like the blockage of the Strait of Hormuz have impacted oil and fuel prices, indirectly influencing the upward trend in gold and silver prices.