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Well, once again the Gold rates in India have taken a dip, 24-carrat gold fell to Rs.9,982 per gram as recorded on 29 July, 2025 (Tuesday).
This means, you can buy gold at Rs.110 cheaper than its value as on 28th July 2025. You can purchase 10 grams of gold at Rs.99,820. Likewise, 100 gram bar will now cost Rs.1,100 less than on Monday.
Now, you may wonder, "Why are gold prices in India are currently falling?" Well, the drop in the gold rates in India mirrors the global slep as easing trade tensions and a stronger dollar reduced the safe-haven appeal of the "Yellow Metal" a.k.a. Gold Mutual Funds.
Also read: Will Gold Rate Decrease in Coming Days in India in 2025?
Gold has recently hit a three-week low, hovering around $3,311 per ounce, following the announcement of a new US-EU trade deal. The deal, easing fears of a tariff war, has shifted interest toward riskier assets, reducing demand for gold.
Tim Waterer, Chief Market Analyst at KCM Trade, notes that the stronger dollar, fueled by the trade deal, is making gold costlier for other currency holders. However, he believes gold’s current price still attracts long-term buyers.
Also Read: How Much GST on Gold is Charged in India? 2025 Update
Riya Singh from Emkay Global suggests that gold is entering a "phase of consolidation," with geopolitical risks like tensions in Ukraine and the Middle East providing long-term support. Despite the dip, speculative bets on gold have reached a 16-week high, showing strong upside potential.
For Indian buyers, a stable rupee and expectations of lower domestic rates add hope. Experts believe small price dips may offer a chance to accumulate gold, especially with gold up 25% globally this year.
With key data from the US Federal Reserve on the horizon, gold's next move could be a quick bounce. If you're planning to buy, today’s dip might just be the opportunity to seize—but a steady, long-term approach may be the best strategy in this volatile market.
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