Lucknow Gold Prices Remain Strong As Markets Await Fed Clues

Gold prices in Lucknow climbed further on Monday, making it one of the most expensive markets for the yellow metal among major Indian cities. According to the latest data, the price stood at Rs 9,310 per gram for 22-karat gold and Rs 10,155 per gram for 24-karat gold. This reflects the broader trend of rising bullion rates across the country, driven by a mix of global market signals and domestic economic variables.

As the second-largest gold consumer globally, India meets most of its demand through imports, with locally recycled gold making only a marginal contribution. Because gold is priced in US dollars internationally, fluctuations in the rupee’s exchange rate against the greenback have a direct bearing on Indian gold prices.

Beyond the currency impact, local prices in cities like Lucknow are shaped by import duties, the Goods and Services Tax (GST), and specific state taxes — all of which contribute to the final amount paid by consumers.