Gold Rate Today: Gold has become cheaper for the third consecutive day in Sawan, the month of Bholenath. The price of gold has become cheaper by Rs 100 on Thursday 17 July 2025. The rate of 24 carat gold in the country’s big bullion market is trading at Rs 99,400 and 22 carat gold rates only above 91,000. The rate of one kilo of silver is at Rs 1,13,900. Silver has also become cheaper by Rs 100 today. Know what was the price of gold and silver in the bullion market of big cities of the country.
These are the two main reasons behind the fall of gold rate
Selling of stockists
According to the All India Bullion Association, the biggest reason for the decline in gold prices recently is heavy selling by stockists. When the dealers and wholesale traders start selling large amounts of gold in the market, the supply is more than the demand, which has brought down the price.
Waiting for US economic data
Investors currently have an atmosphere of vigilance as they are waiting for the claims of coming to the US -to -Economic Data Index (PPI) and unemployment. These figures will indicate the direction of the US economy, which affects the international gold market. The same uncertainty is also putting pressure in the domestic market.
Gold price in bullion market of big cities of the country on Thursday 17 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.