Gold Rate Today, July 14: Chennai & Hyderabad Gold Prices Fall Again; Check Latest 24K, 22K & 18K Rates

Gold Rate today tumbled once again for the second time this week making the 24k , 22k, & 18 gold cheaper for buyers. The drop in gold prices in India today is mainly because of the weakness in the international commodity where the Spot gold fell by more than 3% yesterday after fresh escalation emerged from the US Iran war.Sspot gold this morning has been recovering and is currently up 0.5% at $4,021.62 ​per ounce as per Reuters.

"President Donald Trump reinstated a blockade on Iranian vessels transiting the Strait of Hormuz and sought reimbursement from countries benefiting from US efforts to secure the vital shipping lane. The move drove oil prices sharply higher, reviving concerns over inflation and the interest rate outlook." as per Trading Economics.

Gold rate in Chennai today

The 24-carat gold rate in Chennai fell sharply today by Rs.540 per 10 grams, bringing the price lower to Rs. 1,43,460 per 10 grams. Meanwhile, the 22-carat gold price in Bangalore fell by Rs.500, now retailing at Rs. 1,31,500 per 10 grams. The 18-carat gold also saw a drop of Rs. 500 per 10 grams, currently priced at Rs. 1,09,700.

Gold rate in Hyderabad today

On July 14th, gold prices in Hyderabad fell across all purity levels. The 24-carat gold rate in Hyderabad fell by Rs.110 per 10 grams and is now available at Rs.1,42,800 per 10 grams. Meanwhile, the 22-carat gold price in Hyderabad today dropped by Rs. 100, bringing the rate to Rs. 1,30,900 per 10 grams. Even the 18-carat gold rate in Hyderabad saw a drop of Rs. 80, currently retailing at Rs. 1,07,100 per 10 grams.

Gold Price Outlook Ahead

"Gold is likely to trade lower on a strong dollar and rise in US treasury yields. Further, higher inflation concerns due to rising crude oil prices has increased the prospects of tighter monetary policy from the US Federal Reserve. As per CME FedWatch tool September rate hike has moved above 75% from 72% a day ago, which is likely to weigh on prices." as per ICICI Commodity Report.

"Moreover, US President Donald Trump reinstated a naval blockade on Iranian vessels in the Strait of Hormuz and demanded financial reimbursement from countries that benefit from US maritime security efforts. Furthermore, investors will eye on key US inflation numbers and Fed Chair Kevin Warsh's testimony to get more clarity on monetary policy," the report further added.

Gold Prices On MCX

On the Multi Commodity Exchange (MCX), the gold futures for August 5th, 2026, delivery are surging and are currently in green at 0.75%, at Rs.1,41,362 per 10 grams. Similarly, the silver futures for the September 4th expiry are surging today by 1.16%, trading at Rs. 2,20,234 per kg at the time of writing, around 11:56 AM.

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