Prices Decline Amid Easing Trade Tensions. Find Today’s Latest Gold and Silver Rates Across Major Indian Cities
July 24, 2025: Gold prices in India fell sharply on Thursday, July 24, 2025, after hitting a five-week high the day before. The main reason for this drop is that global trade tensions have eased, which has lowered the demand for safe-haven assets. The US dollar’s weakness has helped a little.
In Mumbai, 10 grams of 22-carat gold cost ₹92,550, and 10 grams of 24-carat gold cost ₹1,00,970.
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 92,700 | Rs 1,01,120 |
| Jaipur | Rs 92,700 | Rs 1,01,120 |
| Ahmedabad | Rs 92,600 | Rs 1,01,020 |
| Patna | Rs 92,600 | Rs 1,01,020 |
| Mumbai | Rs 92,550 | Rs 1,00,970 |
| Hyderabad | Rs 92,550 | Rs 1,00,970 |
| Chennai | Rs 92,550 | Rs 1,00,970 |
| Bengaluru | Rs 92,550 | Rs 1,00,970 |
| Kolkata | Rs 92,550 | Rs 1,00,970 |
Silver also went down, dropping ₹100 to ₹1,18,000 per kilogram.
Gold futures on the Multi Commodity Exchange (MCX) were down 0.39% to ₹99,030 per 10 grams, with the contract ending on August 5, 2025. Silver futures, which will expire on September 5, 2025, also fell by 0.53% to trade at ₹1,15,024 a kilogram.
Gold Prices by City (July 24, 2025): Prices of Gold Around the World:
US spot gold stayed largely the same at $3,387.15 per ounce (as of 0138 GMT). It had dropped 1.3% in the previous session. Gold futures in the US fell 0.1% to $3,492.50.
Gold prices are going down all over the world. This is because US President Donald Trump announced a trade deal with Japan that will decrease tariffs on car imports. This shows that trade tensions are getting better. Also, it is said that the European Union and the United States are close to completing a similar trade deal. These events have made investors feel more risky in the wider financial markets. But the US dollar index fell to its lowest level in more than two weeks, making gold cheaper for people who own other currencies. This helped gold a little.
The European Central Bank’s rate decision later today, as well as the US weekly jobless claims numbers and S&P Global’s flash PMI data, which will give more information about the health of the economy before the Federal Reserve’s monetary policy decision next week, are all things that investors are keeping a close eye on.
Things that affect the price of gold in India:
Gold prices in India are affected by a lot of things, like international market pricing, import tariffs, taxes, and changes in exchange rates. These things all work together to set the daily gold prices across the country. Gold is very important to Indian culture and economy. It is a popular investment and a key part of celebrations, notably weddings and festivals. To stay on top of these changing patterns, investors and traders always keep an eye on how the market is moving.