Gold Rate Today, July 24: Prices continue to drop; check 24, 22 and 18 carat rate across major jewellers

Gold prices continued to decline sharply for the second consecutive day today (July 24, 2026). According to GoodReturns.in, 24 carat gold dropped by ₹1,850 to ₹1,44,330 per 10 gm. Similarly, 22 carat and 18 carat gold fell in price by ₹1,700 and ₹1,390 to ₹1,32,300 and ₹1,08,250 per 10 gm, respectively.

After gaining momentum in the wake of renewed diplomatic talks to resolve the US-Iran conflict, gold prices have tumbled in two sessions.

On July 24, 2026, gold prices per gm across major brands are as follows:

Tanishq: At the jeweller, 24 carat gold is today priced at ₹14,482, while 22 carat and 18 carat is available for ₹13,275 and ₹10,861 per gm, respectively.

Joyalukkas: 24 carat gold quoted at ₹14,433 per gm, while 22 carat gold was priced at ₹13,230 per gm. Meanwhile, 18 carat gold was available for ₹10,825 per gm.

Kalyan Jewellers: 24 carat gold today is priced at ₹14,433 per gm, while 22 carat gold is available for ₹13,230 per gm. 18 carat gold was priced at ₹10,825 per gm.

Malabar Gold: 24 carat gold is retailing for ₹14,433 per gm at the retailer, while 22 carat gold is priced for ₹13,230 per gm.

India Bullion and Jewellers Association (IBJA): 999 purity gold in the evening session on July 23 traded at ₹1,44,605 per 10 gm.

Factors influencing gold rate in India

Gold prices tracking losses in the international bullion market traded lower on Friday. On the MCX at around 11:09 am, gold August futures traded with a cut of 0.59% or ₹841 at ₹1,41,980 per 10 gm.

The precious yellow-metal price tumbled as inflationary concerns resurfaced after crude climbed above $100 per barrel, strengthening interest rate hike bets. Brent crude extended its previous day's gains of 7%, hitting past the $100 per barrel mark for the first time since May.

On Thursday, the US President Donald Trump warned Iran and its Houthi allies of "major military punishment" after the Yemeni fighters attacked two Saudi oil tankers in the Red Sea.

Also, losses in gold were recorded as the US dollar strengthened after the benchmark US 10-year bond yield scaled its highest mark since January 2025.

Higher 10-year bond yield increases the opportunity cost of holding non-interest-yielding gold.

According to the CME FedWatch Tool, the Federal Reserve is likely to keep policy rate on hold in its meeting next week (July 28-29), though traders factor in a 81% probability of a rate hike in September.

In the near term, gold prices will continue to be influenced by developments in the US-Iran conflict, crude price movement, interest rate outlook and dollar-rupee exchange rate among others.