Gold Price Today, 17-07-2026: Gold Rates Tumble in Bengaluru, Chennai & Hyderabad; MCX Gold Trades Lower

The fall in gold prices today in Bengaluru, Chennai & Hyderabad is because of the weakness in the global bullion market, dragging domestic rates lower.

"Gold and Silver prices are trading weak as the Middle East conflict continues to escalate, erasing recent optimism on inflation and reviving fears that higher oil prices could push the Fed toward another rate hike. Fresh US strikes on Iran hit, though Trump noted Tehran had signalled some openness to talks." said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of IBJA and Chairman at Jain International Trade Organisation.

"Ironically, US inflation data for June actually showed cooling consumer and producer prices, driven by falling energy costs - but markets remain focused on geopolitical risk, with a 73% chance of a December rate hike still priced in. Technically, gold's next move depends on US-Iran developments, with key support near $4,000; breaking this will lead prices to touch $3,900." he further added.

Gold Rate in Bangalore

On 17 July, the 22-carat gold rates in Bangalore today declined by Rs. 750 to cost Rs.1,42,530. Meanwhile, 24-carat gold now retails for Rs. 1,30,650 per 10 grams, which dropped by Rs. 700. Just like that, 18-carat gold rates in Bangalore also fell by Rs. 610 to retail at Rs. 1,06,900 per 10 grams.

Gold Prices in Chennai Today

The sharp fall was seen in the Gold rate in Chennai as well. The 24-carat gold rate in Chennai cost Rs. 1,43,450 per 10 grams, while the 22-carat gold rate in Chennai dropped and now retails at Rs. 1,31,490 per 10 grams.

Gold Rate In Hyderabad

Following Chennai and Bengaluru's lead, gold prices in Hyderabad today fell across purities. The 24 karat gold rate in Hyderabad is now available at Rs. 1,42,530 which fell by Rs.760. While the 22 karat gold rate in Hyderabad fell by Rs.700 and now retails at Rs. 1,30,650.

Gold Future Price On MCX

On the Multi Commodity Exchange (MCX), the gold futures for August 5th, delivery are trading in red down 0.21%, at Rs. 1,40,052 per 10 grams at the time of writing. Similarly, the silver futures prices for the September 4th expiry also shed gains today by 0.77%, trading at Rs. 2,14,350 per kg.

According to ICICI Direct Commodity Report, "MCX Gold Aug is expected to face hurdle near Rs. 142,000 level and likely to slip towards Rs.140,000 level. Only a move below Rs. 140,000, it would turn lower towards Rs.137,500. MCX Silver September is expected to slip towards Rs. 210,000 as long as it trades under Rs .220,000. "