Gold prices in India dipped today, July 17, 2026, with both 22-carat and 24-carat rates declining across all major metropolitan cities, according to data from bankbazaar.com as reported by The Hindu BusinessLine. The drop ranged from ₹25 to ₹31 per gram depending on the city and purity, signaling a broad-based correction in the domestic bullion market.
National Gold Price Overview
All-India average prices for 22-carat gold stood at ₹13,185 per gram, down ₹25 from the previous day, while 24-carat gold averaged ₹13,844 per gram, a decline of ₹27. For standard 8-gram quantities, 22-carat gold was priced at ₹1,05,480 (down ₹200) and 24-carat at ₹1,10,752 (down ₹216), as per the same source.
City-Wise Gold Rates
Below is a detailed breakdown of gold prices per gram for 22-carat and 24-carat in seven key cities, with the change from the prior day's close.
| City | 22 Carat (₹/g) | Change (₹) | 24 Carat (₹/g) | Change (₹) |
|---|---|---|---|---|
| Mumbai | 13,185 | -25 | 13,844 | -27 |
| Chennai | 13,150 | -30 | 13,808 | -31 |
| Hyderabad | 13,150 | -30 | 13,808 | -31 |
| Delhi | 13,235 | -25 | 13,897 | -26 |
| Ahmedabad | 13,239 | -25 | 13,901 | -26 |
| Bengaluru | 13,245 | -25 | 13,907 | -27 |
| Kolkata | 13,285 | -25 | 13,949 | -27 |
Regional Variations
Chennai and Hyderabad recorded the steepest per-gram decline for 22-carat gold at ₹30, while other cities saw a uniform drop of ₹25. For 24-carat, Chennai and Hyderabad again led losses with a ₹31 fall, followed by Mumbai and Bengaluru at ₹27, and Delhi and Ahmedabad at ₹26. Kolkata matched Mumbai and Bengaluru with a ₹27 decline.
8-Gram Rates Across Cities
The source also provided prices for the standard 8-gram transaction unit. In Mumbai, 8 grams of 22-carat gold was ₹1,05,480 (down ₹200) and 24-carat ₹1,10,752 (down ₹216). Chennai and Hyderabad recorded 8-gram prices of ₹1,05,200 for 22-carat (down ₹240) and ₹1,10,464 for 24-carat (down ₹248). Delhi saw 22-carat at ₹1,05,880 (down ₹200) and 24-carat at ₹1,11,176 (down ₹208). Ahmedabad posted ₹1,05,912 for 22-carat (down ₹200) and ₹1,11,208 for 24-carat (down ₹208). Bengaluru's 8-gram rates were ₹1,05,960 (22-carat, down ₹200) and ₹1,11,256 (24-carat, down ₹216). Kolkata recorded the highest 8-gram prices at ₹1,06,280 for 22-carat (down ₹200) and ₹1,11,592 for 24-carat (down ₹216).
Market Context
The uniform decline across all reported cities suggests a broad-based trend rather than city-specific factors. The data, published by The Hindu BusinessLine under the byline of R Dinakaran, reflects the day's opening rates sourced from bankbazaar.com. Investors and jewellers typically monitor these rates for inventory valuation and purchase decisions. The drop follows previous day's levels, though the source does not provide historical trend data or reasons for the decline.
For the target audience of executives and investors, this price movement may signal changing demand-supply dynamics in the bullion market, though no causal factors are stated in the report. The next key data point for gold markets would be the following day's rates and global cues, which are not covered in this source.
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