Gold prices steady at ₹1.41 lakh, silver flat; Check July 17 rates in Delhi, Mumbai, Kolkata

Gold prices hold ground in Delhi, Mumbai, Kolkata

Gold prices in India held steady on Friday, July 17, 2026, with the rebound rally taking a breather. In Delhi, 24K gold was quoted at ₹1,41,000 per 10 grams, unchanged from the previous session. Mumbai and Kolkata mirrored this level, with 24K gold at ₹1,40,980 and ₹1,41,020 respectively.

22K gold, the most popular purity in jewellery, was at ₹1,29,200 per 10 grams in the national capital. In Mumbai, it was ₹1,29,180, and in Kolkata, it was ₹1,29,220. Silver prices across these metro cities remained flat at ₹99,500 per kilogram for 999 purity.

Gold futures dip as spot demand stays weak

On the Multi Commodity Exchange (MCX), gold futures for August delivery slipped to ₹1,40,100 per 10 grams during intraday trade. Dealers cited subdued physical buying from jewellers and retailers as the reason for the drop. The premium on imported gold narrowed, indicating that inventory levels were adequate.

Analysts noted that the spot market in India is seeing a typical lean phase after the wedding season. The lack of fresh triggers is keeping prices range-bound. However, some traders are betting on a bounce-back if global cues turn favourable next week.

Key retail rates across cities on July 17, 2026

• Delhi: 24K ₹1,41,000; 22K ₹1,29,200; Silver ₹99,500/kg
• Mumbai: 24K ₹1,40,980; 22K ₹1,29,180; Silver ₹99,500/kg
• Kolkata: 24K ₹1,41,020; 22K ₹1,29,220; Silver ₹99,500/kg

Major jewellery retailers like Tanishq and Malabar Gold & Diamonds kept their rates unchanged. The Economic Times reported that 22K gold at Tanishq outlets was ₹1,29,200 per 10 grams across metros, while Malabar Gold quoted similar levels. Smaller denominations—20K and 18K gold—also remained flat.

What analysts say about the gold outlook

Gold prices have been hovering around the ₹1.41 lakh mark for the past few sessions. The Times of India cited analysts who said that buying on dips may still be a viable strategy for long-term investors. The support level for 24K gold is seen at ₹1,39,500, while resistance is at ₹1,43,000.

Weak spot demand has capped upside momentum, but the broader trend remains positive. Global factors, including the US dollar index and Federal Reserve policy signals, will determine the next move. Domestic investors are advised to watch for any sudden shift in import duty or rupee movement.

Silver, which had rallied earlier this month, is now consolidating. Industrial demand remains steady, but the lack of speculative buying has kept the white metal from breaking above the ₹1 lakh mark.

What to watch next

All eyes are on the next set of US economic data due later this week, which could influence gold's trajectory. In India, the upcoming festival season may lift physical buying in August. Until then, prices are expected to trade in a narrow band of ₹1,40,000 to ₹1,42,000 per 10 grams.