India’s 24K gold slips 0.60% to ₹142,350 per 10 grams on July 24, 2026
AI Market Summary
Gold slipped as higher oil prices and renewed Middle East geopolitical risk lifted inflation expectations and pushed markets toward tighter Fed policy. Brent moving above $100/bbl, alongside new US tariffs, increased uncertainty but also raised real-rate expectations; rising real yields typically pressure non-yielding gold. India's 24K prices fell 0.60% and spot gold eased near $4,040/oz, reflecting the rate-driven headwind.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+0.16%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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On 24 July 2026, India’s 24K gold price was ₹142,350 per 10 grams, down 0.60% on the day, while spot gold fell to $4,040 per ounce. The move followed President Donald Trump’s statement that the U.S. would expand military action against Iran and hold Tehran responsible for future Houthi attacks in the Red Sea, sending Brent crude above $100 per barrel. Higher energy prices fueled inflation worries and pushed up expectations for Federal Reserve rate hikes, with the probability of a September increase climbing above 78%. Rising real rates weighed on gold, a non-yielding asset.
