Gold Rate Today: Gold is becoming cheaper in Sawan, the month of Bholenath. The price of gold has become cheaper by Rs 500 on Wednesday 16 July 2025. In the country’s big bullion market, 24 carat gold prices are trading above Rs 99,400 and 22 carat gold above 91,000. The rate of one kilo of silver is at Rs 1,14,000. Silver has come down slightly from its new peak. Know what was the price of gold and silver in the bullion market of big cities of the country.
Why the fall in gold prices came
The main reason for the fall in gold prices in national and international markets on Tuesday is believed to be the strength and profit booking of the US dollar. According to the Commodity Expert Rahul Caller of Mehta Equities, the prices of gold and silver are being seen in heavy fluctuations. As soon as the US dollar index strengthened, the pressure on gold prices came and investors took a cautious stance.
Apart from this, the eye of investors globally rests on important US inflation data, due to which there is uncertainty in the market. Investors chose the path of profit booking by making a partial distance from gold as a safe investment option. Due to this, there was a decline in gold prices.
Gold price in bullion market of big cities of the country on Wednesday 16 July 2025
How is the price of gold in India decided?
Gold prices are fixed on the basis of international market prices, import duty and tax, exchange rate, demand and supply of supply. In India, gold is not only used for investment but also traditionally in weddings and festivals, so prices have a direct impact on people.