Gold prices remained largely steady across India on Friday, while silver traded lower after recent gains. Chennai continued to record the highest gold prices among major metro cities.
Gold prices were largely unchanged across India on Friday, July 17, as investors closely tracked geopolitical developments in West Asia and movements in global commodity markets. While bullion prices remained elevated compared with last year, both gold and silver witnessed some profit-booking in futures trading during the day.
According to bullion market data, 24-carat gold was priced at ₹1,40,790 per 10 grams nationally, while 22-carat gold stood at ₹1,29,058 per 10 grams. Gold has gained nearly 44 per cent over the past year, reflecting strong investor demand amid global uncertainty.
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Chennai records highest gold prices among major cities
Among India's major metro cities, Chennai continued to record the highest gold prices, followed closely by Hyderabad and Bengaluru.
24-carat gold prices (per 10 grams)
- Chennai: ₹1,40,950
- Hyderabad: ₹1,40,760
- Bengaluru: ₹1,40,650
- Mumbai: ₹1,40,540
- Kolkata: ₹1,40,350
- Delhi: ₹1,40,290
- Kochi: ₹1,43,280
22-carat gold prices (per 10 grams)
- Chennai: ₹1,29,204
- Hyderabad: ₹1,29,030
- Bengaluru: ₹1,28,929
- Mumbai: ₹1,28,828
- Kolkata: ₹1,28,654
- Delhi: ₹1,28,599
- Kochi: ₹1,31,340
MCX gold and silver trade lower
On the Multi Commodity Exchange (MCX), precious metals came under pressure during early trading.
Gold futures for the August contract opened at ₹1,42,633 per 10 grams, down ₹845 (0.58%) from the previous close. During intraday trade, gold slipped as much as 1.33 per cent to ₹1,41,557, before recovering some losses. At the latest available level, gold futures were trading around ₹1,42,100, down ₹1,378 (0.96%).
Silver futures for September delivery also declined sharply. Prices fell by as much as 2.41 per cent to an intraday low of ₹2,17,277 per kg, before trading near ₹2,18,665, down 1.80 per cent.
Silver prices remain near record levels
Despite Friday's decline, silver continues to trade significantly higher than a year ago.
At the national level, Silver 999 Fine was quoted at ₹2,16,040 per kilogram, while Silver 925 Sterling stood at ₹1,99,837 per kilogram.
Among major cities, silver prices were:
- Chennai: ₹2,16,280 per kg
- Hyderabad: ₹2,15,990 per kg
- Mumbai: ₹2,15,650 per kg
- Kolkata: ₹2,15,820 per kg
- Bengaluru: ₹2,15,820 per kg
- Delhi: ₹2,15,280 per kg
- Kochi: ₹2,40,000 per kg
Why are gold prices fluctuating?
Gold prices have remained volatile in recent weeks as investors react to ongoing geopolitical tensions, particularly the conflict involving the United States and Iran, along with uncertainty in global financial markets.
Apart from international developments, domestic gold prices are influenced by the global spot price of gold, the strength of the US dollar, import duties, currency movements and seasonal demand during weddings and festivals.
(Disclaimer: Gold and silver prices are indicative and may vary by city, jeweller, making charges, GST and the time of purchase. Rates are based on publicly available bullion market data and are subject to change throughout the trading day. Please verify the latest prices with your local jeweller or authorised bullion dealer before making any purchase or investment decision.)
Published: 17 Jul 2026, 09:07 am IST
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