On August 14, India's 24‑carat gold price fell to ₹15,289 per gram, with 22K and 18K at ₹14,015 and ₹11,467 respectively. Minor fluctuations are driven by Middle‑East tensions and global market volatility.
Key Takeaways
- 24K gold priced at ₹15,289/gram
- 22K and 18K priced at ₹14,015 and ₹11,467/gram
- City‑wise rates vary slightly amid regional tensions
National Gold Rates for August 14
According to Good Returns, today 24‑carat gold trades at ₹15,289 per gram, 22‑carat gold at ₹14,015 per gram, and 18‑carat gold at ₹11,467 per gram. These figures represent declines of ₹71, ₹65, and ₹53 respectively from August 13.
City‑wise Rates
| City | 24K (₹/g) | 22K (₹/g) | 18K (₹/g) |
|---|---|---|---|
| Chennai | 15,317 | 14,040 | 11,820 |
| Mumbai | 15,289 | 14,015 | 11,467 |
| Delhi | 15,304 | 14,030 | 11,482 |
| Kolkata | 15,289 | 14,015 | 11,467 |
| Bangalore | 15,289 | 14,015 | 11,467 |
| Hyderabad | 15,289 | 14,015 | 11,467 |
| Pune | 15,289 | 14,015 | 11,467 |
| Vadodara | 15,294 | 14,020 | 11,472 |
| Ahmedabad | 15,294 | 14,020 | 11,472 |
Why This Matters
BozokMedia analysis shows that ongoing Middle‑East conflict is pushing investors toward gold as a safe‑haven asset, causing daily price swings tied to global spot rates, import duties, and currency exchange fluctuations.
"Gold remains the most reliable hedge during periods of economic uncertainty," says financial analyst Anita Sharma.
Historical Background
Over the past decade, India’s gold prices have closely mirrored global market trends, import tariffs, and rupee valuation. Between 2010‑2020, the average annual increase was about 8%, while the 2022‑2024 period saw sharp spikes due to heightened geopolitical risks.
Frequently Asked Questions
Q1: Will gold prices rise next week?
A: Analysts suggest that continued Middle‑East tension could push prices higher, but precise forecasts remain uncertain.
Q2: What is the difference between 18K and 24K gold?
A: 24K is pure gold (99.9% purity), whereas 18K contains 75% gold, resulting in roughly a 30% price gap.
