Current Gold Prices in India Amid Geopolitical Tensions
Gold Rates on July 11, 2026
On Saturday, July 11, 2026, the gold market in India experienced significant activity due to ongoing geopolitical tensions between Iran and the US, which have kept bullion prices fluctuating. Although the domestic bullion markets are closed for the weekend, the last known rates are still applicable for Saturday and Sunday. Gold futures on the Multi Commodity Exchange (MCX) were priced at Rs 1,43,480 per 10 grams for 24-carat gold, showing little change from the previous closing rate of Rs 1,43,478 per 10 grams. In the physical bullion market in Delhi, prices rose to Rs 1,48,500 per 10 grams. Internationally, spot gold saw a slight decline to $4,106.25 per ounce, while local market data indicated gold priced at Rs 1,44,010 per 10 grams. The Indian Bullion and Jewellers Association (IBJA) reported that the benchmark rate for 24-carat gold settled at Rs 1,43,368 per 10 grams on Friday, which will remain valid throughout the weekend.
Gold Prices in Major Cities
Gold Rates for 24K, 22K, and 18K in Key Cities
| City | 24 Carat Gold Rate (10 grams) | 22 Carat Gold Rate (10 grams) | 18 Carat Gold Rate (10 grams) |
| Delhi | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Mumbai | Rs 1,44,820 | Rs 1,32,750 | Rs 1,08,620 |
| Kolkata | Rs 1,44,820 | Rs 1,32,750 | Rs 1,08,620 |
| Chennai | Rs 1,45,640 | Rs 1,33,500 | Rs 1,11,700 |
| Patna | Rs 1,44,870 | Rs 1,32,800 | Rs 1,08,670 |
| Lucknow | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Ayodhya | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Meerut | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Ghaziabad | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Noida | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Gurugram | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Chandigarh | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Jaipur | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Ludhiana | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Guwahati | Rs 1,44,820 | Rs 1,32,750 | Rs 1,08,620 |
| Indore | Rs 1,44,870 | Rs 1,32,800 | Rs 1,08,670 |
| Kanpur | Rs 1,44,950 | Rs 1,32,900 | Rs 1,08,770 |
| Ahmedabad | Rs 1,44,870 | Rs 1,32,800 | Rs 1,08,670 |
| Vadodara | Rs 1,44,870 | Rs 1,32,800 | Rs 1,08,670 |
| Surat | Rs 1,44,870 | Rs 1,32,800 | Rs 1,08,670 |
| Pune | Rs 1,44,820 | Rs 1,32,750 | Rs 1,08,620 |
| Nagpur | Rs 1,44,820 | Rs 1,32,750 | Rs 1,08,620 |
| Nashik | Rs 1,44,480 | Rs 1,32,780 | Rs 1,08,650 |
| Bangalore | Rs 1,44,820 | Rs 1,32,750 | Rs 1,08,620 |
| Bhubaneswar | Rs 1,44,820 | Rs 1,32,750 | Rs 1,08,620 |
| Raipur | Rs 1,44,820 | Rs 1,32,750 | Rs 1,08,620 |
| Hyderabad | Rs 1,44,820 | Rs 1,32,750 | Rs 1,08,620 |
Factors Influencing Gold Prices
Market Dynamics
Gold prices in Delhi's bullion market increased by Rs 400 on Friday, reaching Rs 1,48,500 per 10 grams, compared to Rs 1,48,100 in the previous session. Analysts attribute this rise to bargain hunting after prices hit a one-week low and the ongoing weakness of the US dollar. Conversely, gold futures on the MCX dropped by Rs 630, settling at Rs 1,44,670 per 10 grams for the August contract, as traders adjusted their positions amid low spot demand. Globally, gold in New York fell by 0.11 percent to $4,118.90 per ounce. According to a senior analyst at a financial services firm, the slight increase in gold prices was supported by a weak US dollar and buying at lower price points, while earlier this week, bullion prices had reached a one-week low. Another expert noted that spot gold prices remained stable as diplomatic negotiations between the US and Iran seemed to be progressing. Investors are also closely monitoring the upcoming US Consumer Price Index (CPI) data, which could influence the Federal Reserve's interest rate decisions and subsequently affect precious metal prices in the near future.