Gold Rate Today, July 17: Prices continue to fall; check how much you have to pay for 24, 22, 18 carat

Gold prices continued to decline for the second straight day on Friday (July 17, 2026). According to GoodReturns.in, 24 carat gold fell in price by ₹760 to ₹1,42,530 per 10 gm. Similarly 22 and 18 carat gold also declined in price by ₹700 and ₹570 to ₹1,30,650 and ₹1,06,900 per 10 gm, respectively.

On July 17, 2026, gold prices per gm across major brands are as follows:

Joyalukkas: 24 carat gold quoted at ₹14,329 per gm, while 22 carat gold was priced at ₹13,135 per gm. Meanwhile, 18 carat gold was available for ₹10,747 per gm.

Kalyan Jewellers: 24 carat gold today is priced at ₹14,356 per gm, while 22 carat gold is available for ₹13,160 per gm. 18 carat gold was priced at ₹10,767 per gm.

Malabar Gold and Diamonds: 24 carat gold is priced at ₹14,329. On the other hand, 22 carat is available for ₹13,135.

India Bullion and Jewellers Association (IBJA): 999 purity gold in the evening session (July 15, 2026) traded at ₹1,41,908 per 10 gm.

Factors influencing gold rate in India

On the MCX gold prices recovered marginally today. In early trade at around 9:22 am, gold August futures were trading higher by 0.22% or ₹302 at ₹1,40,650 per 10 gm.

The gains remained capped as escalating US–Iran tensions lifted oil prices, fuelling inflation worries and expectations of a higher‑for‑longer interest rate regime.

Higher interest rate weighs on non-interest yielding assets like gold and silver as it increases the opportunity costs of holding these assets.

Spot gold traded with gains of 0.37% at $3,991.48 per ounce. US gold futures, meanwhile, pared its earlier gains and was last up by a tad 0.07% at $3,994.9 per ounce.

Internationally, gold is on course for its biggest weekly drop in six weeks.

Oil prices have climbed around 12% so far this week amid energy supply worries in the wake of the ongoing US–Iran clashes.

Fed Vice Chair Philip Jefferson indicated that he would be open to raising rates if the inflation situation does not improve in the near term.”

In the near term, gold price direction will be influenced by economic indicators, global market sentiment, central banks’ gold‑buying activity, and policy action.