Gold Prices Edge Higher In Lucknow On July 18, Outpace Rates In Other Major Cities

Other cities such as Ahmedabad and Indore are witnessing gold rates that hover close to Lucknow’s, with 22-karat gold priced at Rs 9,115 per gram and 24-karat at Rs 9,942 per gram

Analysts attribute the price uptick to a combination of domestic and international factors

Source : PTI

Gold prices in Lucknow have continued their upward trend on Friday, recording some of the highest rates among major Indian cities. As of today, 22-karat gold is retailing at Rs 9,125 per gram, while 24-karat gold—also known as 999 gold—stands at Rs 9,952 per gram. These prices are slightly above those seen in cities like Kolkata, Chennai, Bengaluru, Mumbai, and Hyderabad, where 22-karat gold averages Rs 9,110 per gram and 24-karat gold is priced at Rs 9,938 per gram.

Other cities such as Ahmedabad and Indore are witnessing gold rates that hover close to Lucknow’s, with 22-karat gold priced at Rs 9,115 per gram and 24-karat at Rs 9,942 per gram. Meanwhile, Delhi matches Lucknow’s pricing, indicating a broader trend of firming prices in North Indian markets.

The continued rise in gold rates reflects the precious metal's enduring appeal as a safe-haven investment amid global financial uncertainty and inflationary pressures. In cities like Lucknow, where gold plays a significant role in cultural traditions and personal finance, the demand remains resilient despite rising costs.

Analysts attribute the price uptick to a combination of domestic and international factors, including currency fluctuations, geopolitical developments, and robust consumer demand. The increasing prominence of gold in investment portfolios is also being fueled by concerns over market volatility, encouraging both retail buyers and investors to maintain their interest in the metal.

With demand holding steady and macroeconomic uncertainties far from over, experts believe that gold will likely retain its strong footing in the months to come—particularly in markets like Lucknow, where the appetite for gold remains deeply rooted.

Gold’s Timeless Appeal

In an age of market turbulence and shifting economic narratives, gold continues to shine as a symbol of stability and trust. Unlike volatile assets that rise and fall with trends, gold holds its ground with quiet strength.