Gold Rate Today, August 18: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities
The gold price in India today stands at Rs ₹15,589 per gram for 24 carat gold, Rs ₹14,290 per gram for 22 carat gold and ₹11,692 per gram for 18 carat gold, as per Good Returns.
Intelligence analysis by Llama
The gold price in India today has increased due to ongoing turmoil in the Middle East, with 24 carat gold priced at Rs ₹15,589 per gram, 22 carat gold at Rs ₹14,290 per gram, and 18 carat gold at ₹11,692 per gram.
Imagine you have a special kind of money called gold. The price of gold keeps changing because of things happening in the world, like a big fight in the Middle East. Right now, the price of gold in India is very high because of this fight.
Analysis
Current Gold Prices in India
The gold price in India today stands at Rs ₹15,589 per gram for 24 carat gold, Rs ₹14,290 per gram for 22 carat gold and ₹11,692 per gram for 18 carat gold, as per Good Returns. This increase is a result of the ongoing turmoil in the Middle East, which is affecting global supply and driving prices upward.
Impact of Middle East Conflict
The conflict in the Middle East has led to a sharp economic downturn in Iran, with the country's annual inflation rate reaching 66 percent. The compounding pressure of global sanctions and heavy expenditures tied to regional conflicts have contributed to this economic downturn.
Oil Prices and Gold
Oil benchmarks logged their third consecutive session of gains on August 18, 2026, with Brent crude hovering around $91.22 per barrel and U.S. crude near $85. Persistent Middle East geopolitical instability and growing worries over maritime traffic through the Strait of Hormuz continue to constrain global supply and drive prices upward. As a result, investors are seeking refuge in gold as a dependable asset amid international strife.
Key points
- The gold price in India today stands at Rs ₹15,589 per gram for 24 carat gold, Rs ₹14,290 per gram for 22 carat gold and ₹11,692 per gram for 18 carat gold.
- The increase in gold prices is due to the ongoing turmoil in the Middle East.
- Oil benchmarks logged their third consecutive session of gains on August 18, 2026, with Brent crude hovering around $91.22 per barrel and U.S. crude near $85.
If the conflict in the Middle East is resolved soon, the gold price in India may decrease, making it more affordable for people to buy gold.
However, if the conflict in the Middle East continues, the gold price in India may continue to rise, making it even more expensive for people to buy gold.
