Gold Rates in India Crash Up to Rs 4,900; Silver Rates Drop Rs 5,000; 24K, 22K, 18K Gold Prices Today, July 11

Gold rates in India dropped sharply on July 11, 2026, halting their two-consecutive-day gaining spree. On Saturday, 24 carat, 22 carat and 18 carat gold prices plunged in the range of Rs 3,700 to Rs 5,000 as global bullion market ended the week on a bearish note due to a firmer dollar and elevated crude oil prices with rate hike probability escalating. Similarly, silver rates in India crashed by up to Rs 5,000 in 999 purity.

Gold Rates In India Today

24 carat gold price dropped sharply by Rs 4,900 to Rs 14,43,300 per 100 grams, while 10 grams gold in the same carat dropped by Rs 490 to Rs 1,44,330. Further, 8 grams gold here is down by Rs 392 to Rs 1,15,464 and 1 gram gold is lower by Rs 49 to Rs 14,433.

Similarly, 22 carat gold price declined by Rs 4,500 to Rs 13,23,000 per 100 grams and 10 grams gold slipped by Rs 450 to Rs 1,32,300 per 10 grams. Here, 8 grams gold dropped by Rs 360 to Rs 1,05,840 and 1 gram gold is lower by Rs 45 to Rs 13,230.

18 carat gold prices also followed the similar trend of 24 carat and 22 carat. On Saturday, 18 carat gold price plunged by Rs 3,700 to Rs 10,82,500 per 100 grams and tumbled by Rs 370 to Rs 1,08,250 per 10 grams. Moreover, 8 grams gold dipped by Rs 296 in 18 carat to Rs 86,600, and 1 gram gold here is down by Rs 37 to Rs 10,825.

Gold Rates Today City-Wise

As of July 11, gold is expensive in Chennai with 10 grams price above Rs 1.45 lakh in 24 carat. In cities like Mumbai, Kerala, Pune, Hyderabad, Kolkata, and Bengaluru, 10 grams gold is priced at Rs 1,44,330, while in cities like Vadodara and Ahmedabad, 10 grams gold is mildly higher to Rs 1,44,380. In the national capital, Delhi, gold is also marginally expensive to Rs 1,44,480.

City	24K	22K	18K
Chennai	₹14,509	₹13,300	₹11,120
Mumbai	₹14,433	₹13,230	₹10,825
Delhi	₹14,448	₹13,245	₹10,840
Kolkata	₹14,433	₹13,230	₹10,825
Bangalore	₹14,433	₹13,230	₹10,825
Hyderabad	₹14,433	₹13,230	₹10,825
Kerala	₹14,433	₹13,230	₹10,825
Pune	₹14,433	₹13,230	₹10,825
Vadodara	₹14,438	₹13,235	₹10,830
Ahmedabad	₹14,438	₹13,235	₹10,830

Silver Rates In India Today

Silver prices in India declined by Rs 5,000 to Rs 2.35 lakh on Saturday, while 100 grams silver plummeted by RS 500 to Rs 23,500. Also, 10 grams silver slipped by Rs 50 to Rs 2,350 and 8 grams silver is down by RS 40 to Rs 1,880. The price of 1gram silver slipped by RS 5 to Rs 235.

This comes after spot gold witnessed a sharp weekly decline of 1.5% to close around $4,100, while spot silver dropped harder by 4% in the week to below $60 per ounce. Meanwhile, MCX gold ended the week below Rs 1,43,500 and MCX silver ended below Rs 2.23 lakh per 1Kg.

Although, dollar softened slightly but it still stayed near 101 mark by ending the week on a broadly flat note around 100.9 against a basket of currencies, which prevented bullions to hedge upside momentum. Also, the crude oil prices dropped in the last trading day of the week, but that did not stop US WTI Crude and Brent Crude from recording weekly gains of 4% and 5% to stay around $71 per barrel and $76 per barrel. Crude oil prices continue to be elevated.

"Weakness in international bullion, supported by a firm US dollar and lingering uncertainty surrounding the renewed US-Iran tensions, kept sentiment cautious. Although geopolitical risks continue to provide intermittent support, higher dollar strength has capped any meaningful upside in gold," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

He added that market participants will now shift their focus to next week's US CPI inflation data, which will be a key trigger for the Federal Reserve's interest rate outlook and the direction of bullion prices. Technically, MCX Gold is expected to trade in the Rs 1,42,000-1,45,500 range in the near term.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.