Gold Rate Today: On Wednesday, there was a decline in gold and silver prices in India. Today, compared to Tuesday, there has been a decline of Rs 600 on 9 July. In the domestic bullion market, 24 carat 10 grams of gold is trading above Rs 98,100. At the same time, 22 carat gold rate is trading above Rs 90,000. The decline in gold prices is the strengthening of the US dollar and the increase in treasury yields in the US ie interest rates. Also, the markets have also seen anxiety in the markets due to former US President Donald Trump threatening the new tariff ie import fee.
Gold and silver rate in Mumbai and Kolkata
22 carat gold: 90,000 rupees per 10 grams
24 carat gold: 98,180 rupees per 10 grams
Silver: 1,10,000 per kg
Gold and silver rate in Delhi, UP, Rajasthan
22 carat gold: 90,150 per 10 grams
24 carat gold: 98,330 per 10 grams
Silver: 1,10,000 per kg
What is going on in MCX i.e. Future Market?
August of gold contract: Rs 96,275 per 10 grams (0.20% fall)
September contract of silver: Rs 1,07,911 per kg (decline of 0.07%)
Gold price of bullion market of big cities of the country
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 90,150 | 98,330 |
| Chennai | 90,000 | 98,180 |
| Mumbai | 90,000 | 98,180 |
| Kolkata | 90,000 | 98,180 |
| Jaipur | 90,150 | 98,330 |
| Noida | 90,150 | 98,330 |
| Ghaziabad | 90,150 | 98,330 |
| Lucknow | 90,150 | 98,330 |
| Bangalore | 90,000 | 98,180 |
| Patna | 90,000 | 98,180 |
What are the reasons behind the fall?
According to the Vice President of Mita Equities, Rahul Caller, gold prices have come down to $ 3,300 and silver prices have come below $ 35.50. The reason for this is the announcement of uncertainty on interest rates in the US and the new import duty of Trump. Donald Trump has indicated from August 1 to 50% copper tariffs, 200% fee on drugs and 10% tariff on BRICS countries. This is expected to increase inflation in the US, which has reduced the expectations of deducting interest rates of Federal Reserve.
Gold rate in international market
Spot Gold: $ 3,301.50 an ounce
US Gold Futures: $ 3,310.10 an ounce (0.2% fall).
How will gold move ahead?
Now investors are eyeing the minutes report of the US FOMC meeting, which will be able to know what steps the Federal Reserve can take on the interest rates. Meanwhile, Australia’s Perth Mint has also told that gold has given a great annual return of 41% against the dollar in 2024-25.
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.
Jan Dhan Yojana: Is the government closing 11 crore Jan Dhan Account? Learn the whole matter