Gold Prices Slide Below ₹1.45 Lakh Amid Global Market Volatility
Gold prices in India declined on July 25, tracking weakness in international bullion markets. The recent decline comes despite the government's decision to raise the basic customs duty on gold and silver from 5% to 10%. Analysts say softer international bullion prices have outweighed the impact of the higher import duty.
On the Multi Commodity Exchange (MCX), gold futures fell around 0.36% to ₹1,42,300 per 10 grams, while silver futures declined 0.36% to ₹2,18,580 per kilogram. The price of 24K gold has fallen by ₹185 per gram compared with July 23.
City-wise prices show minor variations, but Ahmedabad reported relatively higher 24K prices at ₹14,656 per gram. Going forward, gold prices are expected to remain sensitive to global developments.