Andaman & Nicobar · 26 September 2026 · 05:49 PM IST
| Weight | 24K (99.9%) | 22K (91.6%) | 18K (75%) |
|---|---|---|---|
| 1 Gram | ₹15,497.02 | ₹14,195.27 | ₹11,622.76 |
| 8 Grams (1 Pavan) | ₹123,976.16 | ₹113,562.16 | ₹92,982.08 |
| 10 Grams | ₹154,970.20 | ₹141,952.70 | ₹116,227.65 |
| 100 Grams | ₹1,549,702.00 | ₹1,419,527.00 | ₹1,162,276.00 |
| 1 Kilogram | ₹15,497,020 | ₹14,195,270 | ₹11,622,760 |
Today, the 24K Gold price in Port Blair surged to Rs.154970.2/10g, indicating a significant increase. This rise is likely influenced by a combination of global and domestic factors, including strong demand ahead of festival seasons and concerns about inflation. Local market sentiment remains positive, with many investors looking to gold as a hedge against economic uncertainties.
Global macroeconomic factors, such as the US Federal Reserve's interest rate decisions and the USD/INR exchange rate, play a crucial role in shaping the gold price in Port Blair. Higher US interest rates typically lead to a stronger USD, which can decrease gold prices as gold is priced in USD. Additionally, international demand, particularly from India, influences COMEX trends. On the domestic front, MCX gold prices and interest rates set by the Indian Bankers’ Committee on Jewellery Associations (IBJA) also impact local prices. The festive season and monsoon outlook, which can affect supply and demand, are additional factors to consider.
For local consumers in Port Blair, it is advisable to choose gold with a BIS hallmark to ensure purity and quality. Given the recent price rise, investors may opt for a mix of physical gold and gold ETFs for diversification. Physical gold can be bought from certified jewelers or through digital platforms, while ETFs offer a convenient way to invest without the need for physical storage. Monitoring both domestic and international factors is crucial for making informed investment decisions.
To securely buy physical gold or paper gold in Port Blair, start by researching and selecting a reputable jeweler or digital platform. Ensure the gold is BIS hallmarked for purity. For physical gold, visit a trusted jeweler or use a secure online platform. For paper gold, open an account with a trusted broker and deposit funds. Always verify the authenticity and quality of the gold and, if purchasing from a physical store, ensure it is a secure transaction. For beginner investors, consider ETFs as a low-risk option.