Gold Price Today: On Tuesday, 29 July 2025, the price of gold has seen a slight drop. In Delhi, the rate of 24 carat gold is still close to Rs 1,00,000 per 10 grams.
In major cities like Mumbai and Chennai, it is around Rs 99,900 per 10 grams. Meanwhile, the price of 22 carat gold is currently over Rs 91,700 per 10 grams.
As for silver, today’s rate is Rs 1,15,900 per kg, which is the same as yesterday. Overall, there has been a minor fluctuation in the gold and silver prices across different cities in India today, 29 July.
Why Are Gold Prices Falling?
The main reason for the decline in gold prices is the new trade agreement between the United States and the European Union.
As part of this deal, the US may impose a 15% duty on European goods, and the EU will invest heavily in US industries.
This move has created a belief among investors that global trade could slow down.
When economic conditions seem stable, investors often shift their money from safer assets like gold to riskier ones like stocks. That’s why gold demand in the bullion market has gone down.
Additionally, the strong US dollar is also pushing gold prices lower. The dollar index has been rising for the past three days, reducing gold’s appeal in international markets.
Stable US economic data and no major changes from the Federal Reserve have led investors to consider other investment options. All these factors combined are causing a fall in gold prices.
Gold Prices in Major Cities – Tuesday, 29 July 2025
| City | 22 Carat Gold (₹/10g) | 24 Carat Gold (₹/10g) |
|---|---|---|
| Delhi | 91,740 | 1,00,070 |
| Chennai | 91,590 | 99,920 |
| Mumbai | 92,540 | 99,920 |
| Kolkata | 92,540 | 99,920 |
| Jaipur | 91,740 | 1,00,070 |
| Noida | 91,740 | 1,00,070 |
| Ghaziabad | 91,740 | 1,00,070 |
| Lucknow | 91,740 | 1,00,070 |
| Bangalore | 91,590 | 99,920 |
| Patna | 91,590 | 99,920 |
How Is Gold Price Determined in India?
Gold prices in India are based on various factors such as international market trends, import duties and taxes, the rupee-dollar exchange rate, and demand and supply balance.
In India, gold is not only seen as an investment but is also an important part of weddings and festivals, which makes its price fluctuations significant for the public.
