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Gold Rate Today, August 25: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities

Gold Rate Today, August 25: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities

Today's gold rates in India have been reported by Good Returns, with 24 carat gold priced at Rs 16,375 per gram, 22 carat gold at Rs 15,010 per gram, and 18 carat gold at Rs 12,281 per gram. This marks a decrease of Rs 22, Rs 20, and Rs 12 respectively from yesterday's rates. Despite a short-term dip in gold and silver prices due to international market pressures, ongoing tensions in the Middle East continue to cause fluctuations in precious metal markets.

Factors such as high tax rates, geopolitical conflicts, and international crude oil prices all impact gold rates. As global crude prices remain high at $90.71 per barrel for WTI Crude and $85.26 per barrel for Brent Crude, energy traders are growing concerned about the potential impact of extended regional hostilities on oil exports from major Middle Eastern producers.

The ongoing instability following the breakdown of a 60-day truce brokered by Washington and Tehran has led investors to turn to gold as a hedge against global tensions, with local gold rates in cities like Chennai, Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Pune, Vadodara, and Ahmedabad reflecting these broader economic pressures.

Written by urgent.news from The Indian Express - India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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