Gold Price Today: Check Rates In Your City (July 26)

July 26, 2025: On Saturday, gold price in India fell for the third day in a row, following a drop in the global market. There was also a big drop in silver.

Gold Drops for the Third Day, Silver Drops by Rs 2,000
Ten grams of 22-carat gold costs ₹91,600 in Mumbai, while ten grams of 24-carat gold costs ₹99,930. Silver’s price fell by ₹2,000, which is a big decline, bringing it down to ₹1,16,000 per kilogram.

On Friday, US spot gold (Comex) fell 1.12% around the world to $3,392.50 per ounce. This drop happens at the same time that there are signals of a possible trade deal between the EU and the US. This deal might involve a 15% tariff on EU goods coming into the US, like the one the US made with Japan. The easing of global trade tensions has made investors feel less risky, which helped the S&P 500 and Nasdaq close at record highs overnight.

The US dollar index is on track for its worst week in a month, which is good for gold prices since it makes gold cheaper for people who own foreign currencies. Also, new statistics showed that US jobless claims unexpectedly fell, which means that the job market is stable. At its meeting on July 29 and 30, the Federal Reserve is likely to maintain interest rates the same. However, the markets are still pricing in a possible rate cut in September.

Things that affect the price of gold in India:

The price of gold in India is mostly affected by a mix of worldwide market rates, government policies including taxes and import tariffs, and changes in the exchange rate between the rupee and the dollar. Domestic demand and supply, especially during the holiday and wedding seasons, are also quite important. Other important factors that affect the price of gold around the world and in India are the stability of the global economy, inflation, central bank policy, and developments in the world of politics.