Gold Loses Rs 1,250 per 10 gm on Monday Amid US-Iran War Pause

Mumbai, July 27:  Gold prices traded lower on Monday morning in India as national rates for 24 karat gold declined to Rs 1,44,920 per 10 grams, 22 karat gold at Rs 1,32,840 per 10 grams and 18 karat gold Rs 1,08,690 per 10 grams. This compares with last Friday’s closing prices of Rs 1,46,170, Rs 1,33,990 and Rs 1,09,630 per 10 grams each respectively – a drop of Rs 1,250, Rs 1,150 and Rs 940, respectively, across all three popular purities. 

The dip follows the pullback we witnessed last week which saw gold surrendering some of its recent gains after skyrocketing to record highs on Wednesday last week on persistent safe-haven demand; bullion dealers indicate the broader uptrend for gold prices so far this year still remains intact despite the decline seen through last week and Monday. “Safe-haven demand has eased following both the US and Iran agreeing to pause their retaliatory strikes over the weekend,” said bullion dealers. “That together with a firmer dollar index weighed on gold prices at the beginning of the week and continues to cap rate rise at home.” 

Spot gold traded marginally weaker throughout Monday’s Asian session as traders wait on further cues from both the US Federal Reserve over interest rates later this month as well as the Iran-US tensions that remain fragile after both nations agreed to pause military strikes over the weekend. Recall, gold prices surged to lifetime highs earlier last week before declining on Thursday and then again on Friday as investors booked profits from the strong rally we’ve witnessed so far this month. Unless we see fresh cues to drive prices higher or lower, analysts believe gold could extend its current correction a bit further. 

City-wise Rates 

Following Goodreturns.in’s daily coverage of gold prices across major Indian cities, data from Goodreturns.in showed Chennai prices commanded the highest premium in India on Monday – especially so in 18 karat gold. Prices per 10 grams in Chennai were quoted at Rs 1,45,080 for 24 karat gold, Rs 1,32,990 for 22 karat gold and Rs 1,11,140 for 18 karat gold – that’s a premium of Rs 160, Rs 150 and Rs 2,450 respectively over gold’s national price. Traders in Delhi quoted the next-highest gold prices with 24 karat gold at Rs 1,45,070, 22 karat at Rs 1,32,990 and 18 karat at Rs 1,08,840 per 10 grams; these prices are marginally higher than the national average. 

Prices in Vadodara and Ahmedabad followed closely behind with 24 karat gold at Rs 1,44,970 per 10 grams, 22 karat gold at Rs 1,32,890 and 18 karat gold at Rs 1,08,740 – a slight premium over the national average for all three.  

Gold rates were at par with the national average in Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune which means gold in these cities was available at Rs 1,44,920 per 10 grams for 24 karat gold, Rs 1,32,840 for 22 karat gold and Rs 1,08,690 for 18 karat gold. Physical gold demand at the retail level has been resilient despite gold rallying over 20 per cent so far this year on the back of persistent wedding season demand across most parts of India. 

For those planning to invest instead of buying physical gold, you can also check the list of Gold ETFs in India:https://hdfcsky.com/etf/gold-etf

10 Gram Gold Rates Across Major Indian Cities, Monday, July 27, 2026 

Source

• goodreturns.in