🪙 Current Gold Prices in India & Lucknow
According to GoodReturns, as of 28 June 2025, in Lucknow the rates are:
- ₹9,757/gm for 24‑carat
- ₹8,945/gm for 22‑carat
- ₹7,319/gm for 18‑carat
For India overall, GoodReturns reports slightly lower: ₹9,742/gm (24K), ₹8,930/gm (22K), ₹7,307/gm (18K)goodreturns.in.
LiveMint lists India-wide rates as ₹9,818/gm (24K) and ₹9,001/gm (22K) livemint.com—but local jewellers in Lucknow tend to reflect the first set, which are down from yesterday by ₹60–₹55 per gram.
📉 Why Is Gold Price Dropping?
- Geopolitical Easing: A ceasefire between Israel and Iran has reduced geopolitical risk, weakening demand for gold as a safe haven—spot gold in the U.S. fell ~1.2% to $3,288.55/oz
- Improved Market Sentiment: Better U.S.–China trade dynamics and positive global stock market movements have further suppressed gold’s appealÂ
- Federal Reserve Outlook: Anticipation of Fed rate cuts (expected starting September) is weighing on gold futures, with COMEX futures down to ~$3,278/oz
💡 What This Means for Buyers
- Lower Entry Point: Prices have dropped ₹50–₹60/gm in the past day—making it a good opportunity ahead of festive and wedding seasonsÂ
- Lock in Value: If you’re planning a purchase, snagging gold now might shield against future inflation or price surges due to geopolitical shifts.
- Value Physical vs. Digital: Physical gold attracts making charges and GST, while digital formats (like sovereign gold bonds or digital gold) carry no such costs—making them worth exploring.
📊 Global Price Snapshot
- Spot Price (US):Â
$3,289.70/oz (≈ US $105.8/gm), down about 1.6% ($54) from yesterday - Weekly Trend: Gold is marking its second consecutive weekly decline, reflecting reduced safe-haven demand
🔮 Looking Ahead: What’s Next?
- Upcoming Data: Keep an eye on U.S. Core PCE inflation release. A surprise could impact Fed policy and shake gold prices reuters.com+1reuters.com+1.
- Geopolitical Developments: Any flare-ups in the Middle East or trade relations could rapidly reverse the current price dip.
✅ Buyer Tips for Lucknow Residents
- Compare rates at local jewellers across Jhande Wala Park, Gole Market Chowraha, Aminabad, Indiranagar, and Alambagh to secure the best deal
- Decide whether you’re buying for jewellery use (adding making charges) or investment. For investment, consider low-cost digital or government-backed options.
- If you’re purchasing in bulk (50g+), small drops in per-gram price today can amount to significant savings.
📌 Summary Table
| Grade | Lucknow Price (/gm) | Change from Yesterday |
|---|---|---|
| 24K | ₹9,757 | –₹60 |
| 22K | ₹8,945 | –₹55 |
| 18K | ₹7,319 | –₹45 |
Final Take
Gold prices have eased in the wake of international tension cool-offs and improved investor sentiment. For Lucknow residents, this dip is a timely chance to buy gold—whether as a gift, beautiful jewellery, or an inflation hedge. But stay alert: upcoming inflation data or geopolitical shifts could quickly nudge prices upward. 🔔