Gold Rates Today July 24, 2026: Check 24K, 22K, 18K Prices Across Cities

NEW DELHI — Domestic gold prices in India experienced a slight consolidation on Friday, July 24, 2026, edging down from near-record levels following earlier gains recorded during the week.

According to bullion market updates, pure 24-carat (24K) gold was quoted at a national baseline average of ₹14,618 per gram (₹1,46,180 per 10 grams). Standard 22-carat (22K) gold the primary purity used for traditional jewelry settled at ₹13,400 per gram (₹1,34,000 per 10 grams), while 18-carat (18K) gold traded at ₹10,964 per gram (₹1,09,640 per 10 grams). The minor dip reflects a breather in the physical market after international spot gold traded near $4,136 per ounce.

City-Wise Breakdown of Gold Prices

Gold rates vary across Indian cities due to regional transportation surcharges, local octroi taxes, municipal levies, and regional bullion association pricing rules.

The table below outlines retail bullion rates across key metropolitan centers and major regional markets on July 24, 2026:

Retail prices at leading national jewelry chains such as Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers reflected similar baseline trends, with additional making charges (typically ranging between 8% and 28%) and 3% Goods and Services Tax (GST) applied at the point of sale.

Factors Driving Domestic Precious Metal Rates

Market analysts attribute the recent trajectory of gold prices in India to a combination of global macro factors and currency valuations:

• International Spot Trends: Global spot gold (XAU/USD) stabilized around $4,136 per ounce. A firm US Dollar Index capped rapid upside momentum, prompting short-term profit-taking by bullion funds.

• Foreign Exchange Movement: The movement of the Indian Rupee (INR) against the US Dollar (USD) directly impacts the landed cost of gold, as India imports over 80% of its domestic bullion requirements.

• Central Bank Holdings & Duty Structure: Import duties (15%) and statutory local taxes (3% GST) keep domestic prices aligned with international landed parity.

Meanwhile, physical silver rates remained steady, with industrial silver (999 purity) quoted at ₹2,40,000 per kilogram (₹240 per gram).

Official Sources Section

Data and market metrics cited in this report are compiled from official daily trade updates published by key market bodies:

• India Bullion and Jewellers Association (IBJA): Daily benchmark indicative retail rates.

• Multi Commodity Exchange of India (MCX): Bullion futures settlement prices.

Quote Section

"According to officials, short-term fluctuations in retail gold rates remain tied to international spot market adjustments and rupee exchange volatility, even as institutional demand for physical bullion remains resilient across major domestic retail centers."

Why It Matters

Daily tracking of gold prices carries practical implications across multiple financial segments:

• For Jewelry Shoppers: A minor consolidation provides clarity on base rates before factoring in making charges and GST during festive or wedding purchases.

• For Sovereign Gold Bond (SGB) & Gold ETF Investors: Provides real-time pricing benchmarks for underlying physical gold backing financial portfolios.

• For Domestic Lenders: Influences loan-to-value (LTV) limits for gold loans offered by banks and non-banking financial companies (NBFCs).

Key Facts at a Glance

• ₹14,618 per Gram: Benchmark rate for 24-carat pure gold on July 24, 2026.

• ₹13,400 per Gram: Baseline rate for 22-carat jewelry gold.

• ₹2,40,000 per Kg: Domestic price for 999 fine industrial silver.

• Regional Variations: Prices remain slightly higher in Chennai and northern markets due to transport differentials.

Frequently Asked Questions (FAQ)

What is the difference between 24K, 22K, and 18K gold?

24K gold represents 99.9% pure gold, ideal for coins and bars. 22K gold contains 91.6% pure gold mixed with alloy metals, making it durable for traditional jewelry. 18K gold contains 75% pure gold and is commonly used in stone-studded and diamond jewelry.

Why do gold prices vary across different cities in India?

City prices vary due to local transportation costs, regional demand patterns, local jeweler associations' setting rules, and state-level taxes.

Are making charges included in the daily published gold rate?

No. Daily published rates represent base bullion prices. Retail jewellers add making charges (typically 8% to 28%) plus 3% GST on the final invoice value.

Source:

• India Bullion and Jewellers Association (IBJA)

• Ministry of Finance, Government of India