Mumbai: Gold prices in India have witnessed a sharp upward trajectory as geopolitical instability continues to drive investors toward safe-haven assets. In Mumbai and Kolkata, prices remained competitive yet elevated, with 24K gold hovering around ₹82,300. The Livemint report indicates that domestic demand remains robust despite the record-high prices, as the wedding season coincides with the regional unrest. Analysts warn that while the current momentum is strong, the market remains highly sensitive to any diplomatic breakthroughs or ceasefire announcements. For now, the combination of a weakening rupee and global tension ensures that gold remains the preferred hedge for Indian households and institutional investors alike.

Source: Mint March 18, 2026 15:03 UTC