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Gold prices in the country have dropped further. As of the morning of July 30, rates have decreased in most cities. In the capital, Delhi, the price of 24-carat gold has slipped to ₹143,650 per 10 grams. The strengthening of the Indian rupee is exerting downward pressure on the prices of precious metals within the country. A stronger rupee makes purchasing gold in foreign currency cheaper, thereby reducing costs for bullion traders. Consequently, retail gold prices in India begin to decline.

According to Reuters, spot gold prices in the international market have risen, climbing to $4,080.38 per ounce. US gold futures for August delivery have also increased, reaching $4,078 per ounce. In its July meeting, the US Federal Reserve kept benchmark interest rates unchanged at 3.50%–3.75%. Lowering interest rates or maintaining them at stable levels acts as a positive trigger for assets like gold and silver.

Gold rates in some major cities:

Gold price in Delhi: The price of 24-carat gold in Delhi is ₹143,650 per 10 grams. The rate for 22-carat gold is ₹131,690 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹131,540 per 10 grams, while the price of 24-carat gold is ₹143,500 per 10 grams.

Gold price in Chennai: The price of 24-carat gold is ₹143,500 per 10 grams. The rate for 22-carat gold is ₹131,540 per 10 grams. Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹143,500 per 10 grams, and the price of 22-carat gold is ₹131,540 per 10 grams.

City    Today's 22-carat gold price (₹)    Today's 24-carat gold price (₹)
Delhi                       132,990                            143,650
Mumbai                   131,540                            143,500
Ahmedabad             131,590                           143,550
Chennai                   131,540                           143,500
Kolkata                    131,540                            143,500
Hyderabad               131,540                           143,500
Jaipur                       131,690                           143,650
Bhopal                    131,590                             143,550
Lucknow                 131,690                            143,650
Chandigarh              131,690                           143,650

Silver Price

The price of silver, another precious metal, has also seen a decline within the country. On the morning of July 30, silver is priced at ₹234,900 per kilogram. According to Reuters, the price of spot silver in the international market has risen to $58.20 per ounce.

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