the prices of gold and silver have been fluctuating recently, and today, the trend continues. Gold has been consistently falling for three days, while silver prices, which had remained stable for a day, have also seen a decline. Today, gold prices in major cities have decreased once again, and the reason behind this drop lies in several global and local factors. These include concerns over U.S. tariffs, weaker demand in the spot market, and a dip in the dollar index, all contributing to the dullness in the prices of these precious metals.

In the capital city of Delhi, 24-carat gold has fallen by ₹10 per 10 grams, while 22-carat gold has also decreased by ₹10 per 10 grams. Over the past three days, 24-carat gold has seen a decline of ₹1860 per 10 grams, and 22-carat gold has dropped ₹1710 per 10 grams. Similarly, silver prices in Delhi have seen a dip. After a day of stability, one kilogram of silver is now ₹100 cheaper today.

Factors Contributing to the Decline in Gold and Silver Prices

Several factors have contributed to the declining prices of gold and silver in India. One of the significant reasons is the concerns over U.S. tariffs, which have somewhat eased in recent days. These concerns had led to volatility in the markets earlier, but now, as expectations grow for a resolution, the pressure on the prices of both gold and silver has decreased. Additionally, the sluggish demand in the spot market has put further pressure on the prices of these metals. Moreover, the decline in the dollar index, which has fallen to a two-week low, has added to the negative trend for gold and silver prices.

City-wise Gold Prices in India

Let’s take a look at the gold prices in various major cities across India today:

In Delhi, the price of 24-carat gold stands at ₹1,00,620 per 10 grams, while 22-carat gold is priced at ₹92,240 per 10 grams. The prices of gold in other major cities like Kolkata, Chennai, and Mumbai are similar. In Kolkata, the price of 22-carat gold is ₹92,090 per 10 grams, while 24-carat gold is priced at ₹1,00,470 per 10 grams. The same prices are observed in Mumbai and Chennai.

In Bengaluru and Hyderabad, the prices are also in line with those in Delhi, with 22-carat gold costing ₹92,090 per 10 grams and 24-carat gold available at ₹1,00,470 per 10 grams. In Patna and Lucknow, the prices are slightly higher. In Patna, 22-carat gold is priced at ₹92,140 per 10 grams, while 24-carat gold costs ₹1,00,520 per 10 grams. In Lucknow, 22-carat gold is priced at ₹92,240 per 10 grams, and 24-carat gold costs ₹1,00,620 per 10 grams.

In Ahmedabad and Jaipur, the prices are almost identical to those in Patna and Lucknow. In Ahmedabad, 22-carat gold is priced at ₹92,140 per 10 grams, while 24-carat gold costs ₹1,00,520 per 10 grams. In Jaipur, 22-carat gold is ₹92,240 per 10 grams, and 24-carat gold costs ₹1,00,620 per 10 grams.

Silver Prices Today: A Drop After Stability

Silver, which had remained stable for a day, has also experienced a decline today. In Delhi, the price of one kilogram of silver has dropped by ₹100. Today, 26th July, silver is priced at ₹1,17,900 per kilogram in Delhi. The same price is seen in Mumbai and Kolkata as well. However, in Chennai, silver is priced higher, at ₹1,27,900 per kilogram, making it the most expensive in the four metropolitan cities.

The Role of Global and Domestic Factors

The fluctuations in the prices of gold and silver are not just a reflection of domestic factors but are also influenced by global trends. The U.S. dollar index and global market conditions play a crucial role in determining the price of precious metals. When the value of the dollar weakens, gold tends to become more attractive as an investment, leading to a rise in its price. However, when there is a surge in the demand for the dollar, gold prices tend to fall. This has been a significant factor affecting the prices of gold and silver in recent times.

Additionally, the demand and supply dynamics in the global market influence the prices. If demand is low in the spot market, the prices of these metals tend to drop. On the other hand, when there is higher demand for gold and silver, especially from countries like India, their prices tend to rise. Seasonal factors, such as festivals and weddings, also play a role in determining the demand for gold in India.

Future Outlook for Gold and Silver Prices

Looking ahead, the outlook for gold and silver prices remains uncertain. The global economic conditions, including U.S. trade policies, inflation trends, and market dynamics, will continue to have an impact on the prices of these precious metals. Moreover, dollar fluctuations and demand in key markets like India and China will also be critical factors to watch.

As of now, gold is facing a period of declining prices, but it is difficult to predict whether this trend will continue. Historically, gold has been viewed as a safe-haven asset, and during times of uncertainty, its demand tends to rise. However, in the short term, the weakening of the U.S. dollar and sluggish market demand could keep gold and silver prices under pressure.

Gold and silver prices in India have seen a decline recently, and the outlook for these metals remains mixed. While the prices are lower than they were in the past, they could rise again if global factors change. For now, gold and silver buyers should keep an eye on global economic developments, as these will likely influence the prices in the coming weeks.

In the major cities across India, gold prices are seeing slight declines, and silver prices are also experiencing a drop. The coming days will determine whether these trends continue or if gold and silver prices stabilize again. For now, gold buyers in India should be cautious but prepared, as market conditions can change rapidly.

Stay informed by checking daily updates on precious metal prices and make informed decisions based on market trends. Whether you are buying for investment or for personal use, understanding the factors influencing gold and silver prices will help you make the best choices in the market.