Today, on Tuesday 29 July 2025, there has been a slight decline in the price of gold. 24 carat gold in Delhi is still being sold at about Rs 1,00,000 per 10 grams. Its price in big cities like Mumbai and Chennai is around Rs 99,900 per 10 grams. At the same time, the price of 22 carat gold is running above Rs 91,700 per 10 grams. Talking about silver, today its price is Rs 1,15,900 per kg. It is doing business on tomorrow’s price. There has been a slight change in gold and silver prices in different cities of the country on 29 July.
What is the reason for the fall in gold prices?
The biggest reason for the fall in gold prices is the new trade agreement between the US and the European Union. Under this agreement, the US market includes 15% tariff on European goods and a huge investment of the European Union in the US industry. This has created a belief among investors that global trade may cause recession. When the atmosphere looks stable, investors withdraw money from safe options like gold and put in risky options such as stock markets. This is the reason why the demand for gold in the bullion market has decreased.
In addition, gold prices are also under pressure due to the strengthening of the US dollar. Last week, the dollar index rose for the third consecutive day, causing gold shine in the global markets. At the same time, the US economic figures and stability of the Federal Reserve inspired investors to move to other assets. All these factors together brought down the price of gold.
Gold price for Tuesday 29 July 2025
City name 22 carat gold rate 24 carat gold rate 91,740 1,00,070 Bangalore 91,590 99,920 Patna 91,590 99,920
How is the price of gold fixed in India?
Gold prices are fixed on the basis of international market prices, import duty and exchange rates between taxes, rupees and dollars, demand and balance of supply. In India, gold is traditionally used not only for investment, but also for weddings and festivals, so prices change have a direct impact on people.
