New Delhi, July 23 – Indian bullion markets witnessed a sharp surge in precious metal prices today, with both gold and silver registering significant gains. According to market reports, gold prices rose by ₹1,050 to ₹1,140 per 10 grams, while silver jumped by ₹2,200 per kilogram, reflecting strong demand and global market cues.
Gold Rates Surge Across Major Cities
In most domestic markets, 24-carat gold is now trading between ₹1,01,300 and ₹1,01,450 per 10 grams, while 22-carat gold is priced between ₹92,860 and ₹93,010 per 10 grams. The spike is attributed to increased investor interest, global economic uncertainties, and consistent demand ahead of the upcoming festive and wedding season.
Here is a city-wise breakdown of today’s gold prices:
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Delhi:
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24-carat gold: ₹1,01,450/10g
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22-carat gold: ₹93,010/10g
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Mumbai:
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24-carat gold: ₹1,01,300/10g
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22-carat gold: ₹92,860/10g
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Ahmedabad:
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24-carat gold: ₹1,01,350/10g
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22-carat gold: ₹92,910/10g
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Chennai:
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24-carat gold: ₹1,01,300/10g
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22-carat gold: ₹92,860/10g
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Kolkata:
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24-carat gold: ₹1,01,300/10g
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22-carat gold: ₹92,860/10g
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Lucknow:
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24-carat gold: ₹1,01,450/10g
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22-carat gold: ₹93,010/10g
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Patna:
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24-carat gold: ₹1,01,350/10g
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22-carat gold: ₹92,910/10g
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Jaipur:
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24-carat gold: ₹1,01,450/10g
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22-carat gold: ₹93,010/10g
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Bengaluru, Hyderabad, Bhubaneswar:
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24-carat gold: ₹1,01,300/10g
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22-carat gold: ₹92,860/10g
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Silver Shines Brighter
Silver too witnessed a notable rally today. The price of silver climbed by ₹2,200 per kilogram, bringing it to ₹1,18,100/kg in Delhi’s bullion market. Similar price movements were reported across other metropolitan cities, reflecting broader global trends in the precious metals market.
Market Outlook
Analysts attribute this surge to a combination of global inflation concerns, fluctuations in the dollar index, and increasing geopolitical uncertainties, which have traditionally pushed investors toward safe-haven assets like gold and silver. With the festive season on the horizon, demand for physical gold in India is expected to remain strong.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.