Gold prices in Pune increased on Wednesday, May 20, amid volatility in global bullion markets, rising crude oil prices and persistent geopolitical tensions in West Asia.
According to the latest rates, 24 karat gold in Pune was priced at Rs 15,835 per gram, while 22 karat gold stood at Rs 14,515 per gram. The 18 karat gold rate in Pune was recorded at Rs 11,876 per gram.
Domestic gold prices moved higher despite weakness in international gold futures during early European trading. Analysts said rising US Treasury yields and a stronger dollar have pressured global bullion prices, while inflation concerns linked to elevated energy prices continue to influence safe haven demand.
Investors are also closely tracking the US Federal Reserve meeting minutes scheduled later on Wednesday for signals regarding future interest rate policy and monetary tightening.
Gold rate today in Pune
| Gold Type | Price Today |
|---|---|
| 24K Gold per gram | Rs 15,835 |
| 22K Gold per gram | Rs 14,515 |
| 18K Gold per gram | Rs 11,876 |
22K gold price in Pune today
| Quantity | Today Price |
|---|---|
| 1 gram | Rs 14,515 |
| 8 gram | Rs 1,16,120 |
| 10 gram | Rs 1,45,150 |
| 100 gram | Rs 14,51,500 |
Why gold prices are moving today
Gold prices continue to remain sensitive to movements in crude oil prices, inflation expectations, US Treasury yields and geopolitical developments.
Persistent tensions in West Asia have increased concerns over global energy supplies and inflation, while higher US bond yields have added volatility across bullion markets.
Analysts said gold prices may remain volatile in the near term as investors react to Federal Reserve commentary, oil price movements and broader global market sentiment.
Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.