Gold and silver prices declined across major Indian cities (Img: X)
New Delhi: Gold and silver prices declined across major Indian cities on July 17, offering relief to buyers amid weakness in global bullion markets. According to the latest market rates, both 22-carat and 24-carat gold became cheaper, while silver prices also witnessed a decline due to subdued industrial demand and profit booking in international markets.
Market experts believe the recent correction could provide an opportunity for consumers planning to purchase jewellery or invest in precious metals.
In Delhi, the price of 24-carat gold stood at ₹1,43,430 per 10 grams, while 22-carat gold was priced at ₹1,31,490 per 10 grams.
In Mumbai and Kolkata, 24-carat gold was available at ₹1,43,280, while 22-carat gold was priced at ₹1,31,340 per 10 grams.
In Chennai, 24-carat gold was trading at ₹1,43,450, with 22-carat gold at ₹1,31,490 per 10 grams.
| City | 22K Gold | 24K Gold |
|---|---|---|
| Delhi / Lucknow / Jaipur | ₹1,31,490 | ₹1,43,430 |
| Mumbai / Kolkata / Hyderabad | ₹1,31,340 | ₹1,43,280 |
| Ahmedabad / Bhopal | ₹1,31,390 | ₹1,43,330 |
| Chennai | ₹1,31,490 | ₹1,43,450 |
Silver prices also moved lower, with the domestic rate falling to ₹2,34,900 per kilogram. In the international market, spot gold was trading at $4,030.84 per ounce, while spot silver stood at $56.79 per ounce, influencing domestic bullion prices.
Government data showed that India's gold imports rose significantly during the April–June 2026 quarter, reaching $11.01 billion, compared to $7.49 billion during the same period last year. The increase indicates sustained demand for the precious metal despite elevated prices.
Disclaimer: Gold and silver prices are indicative and may vary by city, jeweller, making charges, GST, and market fluctuations. Please check with your local bullion dealer or jeweller for the latest and exact rates before making a purchase or investment decision.
