Gold in India is now cheaper than in global hotspots like the UAE, Qatar, Oman, and Singapore. On November 16, 24K gold in India fell to ₹75,650 per 10 grams, down ₹110 from the previous day. 22K gold dropped to ₹69,350, while 18K gold costs ₹56,740. In contrast, gold prices surged in Oman and Qatar, with 24K gold priced at ₹75,763 and ₹76,293 per 10 grams, respectively.
The price gap reflects global factors: geopolitical tensions in the Middle East, robust demand in India, and a strong U.S. dollar driving gold’s global decline.