Gold prices in India fell across all major cities on July 24, 2026, according to The Hindu BusinessLine report by R Dinakaran. The price of 22-carat gold dropped by ₹270 per gram, while 24-carat gold declined by ₹283-₹284 per gram, depending on the city. For 8 grams, 22-carat gold fell by ₹2,160 and 24-carat by ₹2,264-₹2,272.
City-Wise Gold Rates on July 24, 2026
The rates, courtesy bankbazaar.com, are detailed below for eight key cities. All prices are in Indian rupees (INR).
| City | 22K 1g | 22K 8g | 24K 1g | 24K 8g |
|---|---|---|---|---|
| Mumbai | ₹13,280 (↓₹270) | ₹1,06,240 (↓₹2,160) | ₹13,944 (↓₹284) | ₹1,11,552 (↓₹2,272) |
| Chennai | ₹13,230 (↓₹270) | ₹1,05,840 (↓₹2,160) | ₹13,892 (↓₹283) | ₹1,11,136 (↓₹2,264) |
| Hyderabad | ₹13,230 (↓₹270) | ₹1,05,840 (↓₹2,160) | ₹13,892 (↓₹283) | ₹1,11,136 (↓₹2,264) |
| Delhi | ₹13,330 (↓₹270) | ₹1,06,640 (↓₹2,160) | ₹13,997 (↓₹283) | ₹1,11,976 (↓₹2,264) |
| Ahmedabad | ₹13,334 (↓₹270) | ₹1,06,672 (↓₹2,160) | ₹14,001 (↓₹283) | ₹1,12,008 (↓₹2,264) |
| Bengaluru | ₹13,340 (↓₹270) | ₹1,06,720 (↓₹2,272) | ₹14,004 (↓₹284) | ₹1,12,056 (↓₹2,272) |
| Kolkata | ₹13,380 (↓₹270) | ₹1,07,040 (↓₹2,160) | ₹14,049 (↓₹284) | ₹1,12,392 (↓₹2,272) |
Carat Variants and Price Differences
The report distinguishes between 22-carat (91.67% purity) and 24-carat (99.9% purity) gold. The premium for 24-carat over 22-carat ranged from ₹664 to ₹669 per gram across cities on July 24. The decline was virtually uniform, with 22-carat dropping by the same absolute amount in every city (₹270 per gram), while 24-carat varied by only ₹1 per gram.
Data Source and Context
Prices are compiled from bankbazaar.com, a financial marketplace, as published by The Hindu BusinessLine on July 24, 2026. The article does not provide week-over-week or year-over-year comparisons or any fundamental supply-demand drivers. The daily price change is consistent across all cities, suggesting a common underlying market movement in Indian gold bullion.
Implications for Traders and Analysts
For commodity traders tracking Indian gold, the uniform decline across metropolitan centres indicates a broad-based correction rather than regional fluctuations. The absence of corresponding global benchmark moves in the report means traders should cross-reference with international gold futures (e.g., COMEX or LBMA) to identify potential arbitrage or hedging opportunities. Procurement teams may consider the dip as a buying opportunity, though no outlook is provided in the source.
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