Gold Rate Today, July 29, 2026: Gold Rate Declines Rs 660 per 10 gm on Wednesday

Mumbai, July 29: Gold rates in India extended their decline for a second straight session on Wednesday, with national average rates slipping further across all popular purities. As of Wednesday, national average gold rates stand at Rs 1,43,510 for 24 karat gold, Rs 1,31,550 per 10 grams for 22 karat gold, and Rs 1,07,630 per 10 grams for 18 karat gold. 

The yellow metal’s rates fell by Rs 660 in 24K gold, Rs 600 for 22K gold and Rs 500 for 18K gold from Tuesday’s levels of Rs 1,44,170, Rs 1,32,150 and Rs 1,08,130 per 10 grams respectively. Gold has now shed more than Rs 1,400 across 24K rates over the past two sessions, extending a downward trajectory that began after prices touched record highs last week. 

Gold prices continued to soften on Wednesday as safe-haven demand eased further, with the fragile Iran-US pause largely holding even as fresh flare-ups, including intercepted Iranian missiles aimed at American forces in the region, kept the situation tense through Tuesday. A firmer risk appetite in equity markets, with the Sensex and Nifty rallying sharply at Wednesday’s open and Asian and US markets trading broadly higher overnight, has drawn some investor interest away from the safe-haven metal and into riskier assets. A rebound in crude oil prices, which recouped much of Tuesday’s sharp losses, and a steady dollar index also weighed on sentiment for bullion through the session, with traders noting that gold and oil have moved in somewhat divergent directions this week as the broader Iran narrative shifts. 

“Gold could see further correction if the Iran-US truce holds without fresh escalation, though any sharp response from Tehran to US action could quickly reverse the move,” a Mumbai-based bullion dealer said, when asked about the near-term outlook. Traders said global spot gold also traded softer during Wednesday’s Asian session, tracking the pullback in Indian rates. 

City-wise Gold Rates 

Gold rates provided by Goodreturns.in are based on per gram rates quoted by jewellers surveyed by the portal, converted here to per 10 gram rates for easier comparison. Delhi continues to command the highest premium in the country across all three purities, quoting Rs 1,43,660 for 24 karat gold, Rs 1,31,700 for 22 karat gold and Rs 1,07,780 for 18 karat gold, each about Rs 150 above the national average. Chennai, meanwhile, trades in line with the national average for 24 karat and 22 karat gold but continues to command a sizeable premium in 18 karat gold, at Rs 1,09,700 per 10 grams, a premium of Rs 2,070 over the national rate. 

Vadodara and Ahmedabad trade at a modest premium over the national average, with rates of Rs 1,43,560 per 10 grams for 24 karat gold, Rs 1,31,600 per 10 grams for 22 karat gold and Rs 1,07,680 per 10 grams for 18 karat gold. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune all trade flat against the national average, at Rs 1,43,510, Rs 1,31,550 and Rs 1,07,630 per 10 grams for 24 karat, 22 karat and 18 karat gold respectively. Traders advise buyers and sellers to check live gold rates as they change during the day and confirm the final price, including making charges and GST, with the jeweller before any transaction. 

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 — Wednesday, July 29, 2026