Gold Rates In India Today, 17 July, 2026: 24K, 22K, 18K Gold Prices In City-Wise; Why Gold Crashed Rs 8,000?

Gold rates in India are under pressure on July 17, 2026, due to a weak global trend despite softer-than-expected US CPI inflation that should have boosted buying globally for the yellow metal. The consistent uncertainty around the US-Iran conflict and elevated crude oil prices, lower energy prices, are major factors that have soured investors' appetite for safe haven assets. On Friday, in the early hours, 24 carat is currently around Rs 1,43,280 per 10 grams, while 22 carat and 18 carat golds are at Rs 1,31,340 and Rs 1,07,460 per 10 grams.

Gold Rates In India Today

24 carat gold price dropped by Rs 7,600 in 100 grams to Rs 14,25,300, while 10 grams gold plunged by Rs 760 to Rs 1,42,530. Also, 8 grams gold dipped by Rs 608 to Rs 1,14,024 and 1 gram gold is down by Rs 76 to Rs 14,253.

Furthermore, 22 carat gold price crashed by Rs 7,000 to Rs 13,06,500 per 100 grams, tumbled by Rs 700 to Rs 1,30,650 per 10 grams, dropped by Rs 560 to Rs 1,04,520 and 1 gram gold is lower by Rs 70 to Rs 13,065.

Additionally, in 18 carat, 100 grams gold price nosedived by Rs 5,700 to Rs 10.69 lakh, 10 grams gold plummeted by Rs 570 to Rs 1,06,900, 8 grams gold slipped by Rs 456 to Rs 85,520 and 1 gram gold is down by Rs 57 to Rs 10,690.

What Is Impacting Gold Prices In India Today? Why Softer-Than-Expected US CPI Data Could Not Fuel Bulls?

"Persistent uncertainty surrounding the US-Iran conflict and concerns that elevated crude oil prices could eventually fuel inflation continue to keep bullion sentiment cautious," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

He added, although the recent US CPI data came in softer, reflecting lower energy prices during May-June, sustained strength in crude could revive inflationary pressures and influence the Federal Reserve's policy outlook. Market participants will closely track geopolitical developments and energy prices for fresh direction.

MCX Gold Price + MCX Silver Price

MCX gold price could witness a bearish trend on July 17 due to selloffs in spot gold and spot silver.

Yesterday, MCX gold closed at Rs 1,40,209 per 10 grams, registering a decline of nearly 1.2%. While MCX silver plunged marginally to close around Rs 2,15,665 per 1Kg. MCX crude oil and crude oil were broadly flat, while Zinc and Lead ended in the green.

Spot Gold Price + Spot Silver Price + Crude Oil Prices + US Dollar

These four global indicators also play a role in impacting sentiments of gold rates in India. In the early hours of July 17, spot gold continued to be under pressure and traded below $3,980 per ounce, while spot silver plunged by 1.3% to trade below $55 per ounce.

On the contrary, crude oil prices continued to be elevated and a hindrance to the energy supplies across the world. US WTI Crude oil futures gained by nearly 1% to trade near $79.50 per barrel and Brent Crude surged by 0.50% to trade near $85 per barrel.

Gold is on track to lose up to 3% this week, while silver could plunge nearly 7% on week-on-week performance. On the contrary, US WTI Crude and Brent Crude are on the path to recorded over 12% upside for the week.

The woes for precious metals intensified as US dollar continues to steady and trade near 100.8 against a basket of currencies. However, due to the softer-than-expected US inflation data, dollar is likely to end the week bearish.

Latest Update On US-Iran Conflict:

The US launched multiple strikes against Iran this week, while President Donald Trump warned that the US could target the country's infrastructure next week unless diplomatic efforts result in a breakthrough. Iran responded by launching attacks on US bases in neighboring countries, fueling fears of further escalation and a prolonged disruption to energy supplies from the region, as per Trading Economics.

US Fed Rate Hike Odds:

Meanwhile, the Trading Economics data also added, softer-than-expected US inflation data released this week has largely ruled out a July rate increase, even as Fed Chair Kevin Warsh reiterated his commitment to restoring price stability. However, markets remain divided on whether the Fed will hike rates in September, keeping the non-yielding gold under pressure.

Gold Rates City-Wise

Cities	Gold Rates City-Wise
Gold Rates In Chennai	Today's gold price in Chennai stands at Rs 14,345 per gram for 24 karat gold (99.9% purity), ₹13,149 per gram for 22 karat gold (91.6% purity), and ₹10,969 per gram for 18 karat gold (75% purity).
Gold Rates In Mumbai	Today's gold price in Mumbai stands at Rs 14,328 per gram for 24 karat gold (99.9% purity), Rs13,134 per gram for 22 karat gold (91.6% purity), and Rs10,746 per gram for 18 karat gold (75% purity).
Gold Rates In Delhi	Today's gold price in Delhi stands at Rs14,343 per gram for 24 karat gold (99.9% purity), Rs13,149 per gram for 22 karat gold (91.6% purity), and Rs10,761 per gram for 18 karat gold (75% purity).
Gold Rates In Kolkata	Today's gold price in Kolkata stands at Rs14,328 per gram for 24 karat gold (99.9% purity), Rs13,134 per gram for 22 karat gold (91.6% purity), and Rs10,746 per gram for 18 karat gold (75% purity).
Gold Rates In Hyderabad	Today's gold price in Hyderabad stands at Rs14,328 per gram for 24 karat gold (99.9% purity), Rs13,134 per gram for 22 karat gold (91.6% purity), and Rs10,746 per gram for 18 karat gold (75% purity).
Gold Rates In Bangalore	Today's gold price in Bangalore stands at Rs14,328 per gram for 24 karat gold (99.9% purity), Rs13,134 per gram for 22 karat gold (91.6% purity), and Rs10,746 per gram for 18 karat gold (75% purity).