In Lucknow, gold prices rose on Tuesday, tracking the nationwide upward movement in bullion. Buyers in the Uttar Pradesh capital are seeing 22-karat gold priced at Rs 9,740 per gram, while 24-karat gold is being quoted at Rs 10,624 per gram. This makes Lucknow among the cities with the highest prevailing rates today.
India, as the second-largest consumer of gold globally, continues to depend on imports to meet the bulk of its demand. With the yellow metal traded internationally in dollars, local rates are tightly linked to rupee-dollar fluctuations. Import duty, GST, and state taxes further add layers to the final price paid by consumers in Lucknow.
Why Gold Remains Central to Investor Choices
Despite price volatility, gold retains its importance across Indian households. The commodity is not just a financial asset but also an integral part of the country’s culture, symbolising prosperity and security. In cities like Lucknow, which see strong demand during festive and wedding seasons, this cultural weight keeps gold relevant regardless of short-term price swings.
Experts point to the influence of global factors on local rates. Bond yield movements, US Federal Reserve announcements, and overall investor sentiment remain key to shaping international prices. As a result, Indian markets, including Lucknow, stay closely aligned with these global benchmarks.
Comparing Lucknow With Other Indian Cities
Today’s rate in Lucknow—Rs 9,740 for 22-karat and Rs 10,624 for 24-karat—is the same as in Delhi. Other metropolitan centres such as Mumbai, Chennai, Bengaluru, Hyderabad, and Pune are slightly lower at Rs 9,725 and Rs 10,609. Ahmedabad and Indore are in between, quoting Rs 9,730 for 22-karat and Rs 10,614 for 24-karat. Kolkata too is aligned with Mumbai at Rs 9,725 and Rs 10,609.
Resilience Amid Economic Uncertainty
In the face of rising global risks, from tariff disputes to concerns about energy prices, gold continues to shine as a safe haven. For investors and households in Lucknow, the asset remains a preferred choice for long-term stability and wealth preservation.
As the domestic and global economies navigate volatile conditions, Lucknow’s consumers—much like the rest of India—are expected to maintain their trust in gold. The slight uptick in prices today reinforces its status as a reliable shield in uncertain times.
