Gold at record highs: 24-carat crosses Rs 15,400 per gram, nearly doubling in two years

Gold prices in India have hit historic highs. 24-carat gold has crossed Rs 15,400 per gram — nearly double the level of early 2024 — driven by global demand and a softer rupee.

प्रिया पटेल 24 May 2026, 12:23 PM • 1 min read • 14 views

Gold at record highs: 24-carat crosses Rs 15,400 per gram, nearly doubling in two years — Gold prices at record highs (representative image).

New Delhi, May 24. Gold's shine continues to draw investors. Prices in India have climbed to historic highs in 2026.

Record rates

On May 24, 24-carat gold in Delhi was around Rs 15,414 per gram and 22-carat about Rs 14,680 per gram. During May, 24-carat gold also touched the Rs 16,000-per-gram mark. In rupee terms, the price is nearly double its level in early 2024.

Why gold is rising

Experts say the international spot price is around $4,750 per ounce. Global uncertainty, central-bank buying, and a softer rupee have pushed domestic prices higher.

The RBI's buying

The Reserve Bank of India (RBI) too has been a steady buyer, accumulating 822 tonnes of gold in its reserves by early 2026 — reflecting a national policy of reducing reliance on the US dollar. Amid rising prices, jewellery buyers are advised to be cautious and investors to focus on diversification.

Source: Bullion market data

#Economy #Rbi #Gold #Gold Price #Investment

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