Gold Rate in Delhi Today, July 29, 2026: 24K Gold Drops to ₹14,366 as Prices Extend Losses

Delhi, July 29: Gold prices in Delhi remained under pressure on Wednesday, extending the weakness seen in the previous session. Although today’s decline was relatively modest, bullion prices have now recorded back-to-back losses after last week’s rally lost momentum.

According to the latest retail rates, 24-karat gold is priced at ₹14,366 per gram, down ₹66 from Tuesday. The 22-karat rate has eased to ₹13,170 per gram, while 18-karat gold has slipped ₹50 to ₹10,778 per gram.

The latest move comes after Tuesday’s sharp correction, when 24K gold fell ₹172 in a single day. Together, the two sessions have shaved ₹238 off the benchmark gold rate.

Delhi Gold Rate Today

Gold Rally Loses Steam

Gold prices had climbed to ₹14,656 per gram on July 22 before entering a volatile phase.

After recovering to ₹14,604 on July 27, the market reversed sharply over the past two trading sessions. The combined decline has pulled 24K gold back to ₹14,366, leaving it ₹290 below last week’s peak.

While prices remain above the July 20 level, the recent correction suggests that bullish momentum has weakened in the short term.

Investors looking to diversify beyond physical gold can also explore the list of Gold ETFs in India:https://hdfcsky.com/etf/gold-etf

Gold Price in Delhi Per Gram

The above prices are indicative and exclude GST, TCS and other applicable charges. Final rates may vary depending on the jeweller.

What Would 10 Grams of 22K Jewellery Cost Today?

The quoted gold price is only the base bullion value. Buyers also pay making charges and GST, which increase the final bill.

Assuming 12% making charges and 3% GST, the estimated cost works out to:

The actual invoice may differ depending on the jeweller, design complexity, wastage and applicable making charges.

10-Day Gold Price Trend

July 29: ₹14,366 (-₹66)

July 28: ₹14,432 (-₹172)

July 27: ₹14,604 (+₹96)

July 26: ₹14,508 (No change)

July 25: ₹14,508 (+₹60)

July 24: ₹14,448 (-₹185)

July 23: ₹14,633 (-₹23)

July 22: ₹14,656 (+₹219)

July 21: ₹14,437 (+₹76)

July 20: ₹14,361 (+₹17)

The last 10 trading sessions have been marked by sharp swings. Gold rallied strongly until July 22 before entering a correction phase, with gains proving difficult to sustain. Consecutive losses over the past two sessions have pushed prices back toward levels seen earlier in the month.

Recent Gold Price Performance

Despite the recent volatility, the overall movement across the past 10 days has been surprisingly limited. Gold is trading only ₹5 above where it stood on July 20, highlighting how the latest correction has erased nearly all of last week’s gains.

Why Do Gold Prices Change Every Day?

Gold prices in Delhi are driven by a mix of international and domestic factors. Global bullion prices, fluctuations in the rupee against the US dollar and changes in import duties directly influence retail rates.

Inflation expectations, interest-rate outlook, central bank buying and geopolitical developments also play a key role in shaping market sentiment. Local taxes, transportation costs and jeweller-specific making charges can further affect the final price paid by consumers.

Conclusion

Gold prices in Delhi remained on the back foot on July 29, with 24K gold falling ₹66 to ₹14,366 per gram and 22K gold easing to ₹13,170. The decline follows Tuesday’s steep correction and marks the second straight day of losses.

While prices are still slightly above where they were 10 days ago, the recent slide has erased most of the gains from last week’s rally. Buyers may find the softer rates attractive, while investors will continue tracking global bullion prices and currency movements for fresh cues.

Source: 

• Good returns | Gold prices updated for July 29, 2026.