Gold Price Today: Check The Latest Gold Rates In India Today Here

Gold Price Today: India’s gold market continues to make headlines as the price of gold stabilizes above the ₹1 lakh mark per 10 grams. As of 24 July 2025, 24-carat gold is trading at approximately ₹10,097 per gram, while 22-carat gold is priced around ₹9,255 per gram. The market has witnessed a minor dip today, offering a brief pause after a steady rally over the past few weeks.

City-Wise Gold Rates

According to updated reports, the gold prices in major Indian cities are as follows:

– Delhi: 24K – ₹10,112/g, 22K – ₹9,270/g

– Mumbai: 24K – ₹10,097/g, 22K – ₹9,255/g

– Chennai: 24K – ₹10,097/g, 22K – ₹9,255/g

– Bangalore: 24K – ₹10,097/g, 22K – ₹9,255/g

– Hyderabad: 24K – ₹10,097/g, 22K – ₹9,255/g

These prices reflect a slight decline of around ₹125–₹136 compared to the previous trading day.

Market Trends and Analysis

Over the past few days, gold prices have consistently hovered near the ₹1 lakh threshold. On July 23, gold on the MCX (Multi Commodity Exchange) crossed ₹1,00,130 per 10 grams, setting a record high. Experts suggest the price could consolidate between ₹1.01 to ₹1.02 lakh in the coming days, depending on global and domestic factors.

Reasons Behind Current Price Movements

Several key drivers are fueling the current price movement:

1. Weak Indian Rupee: The falling value of the rupee against the dollar is making gold more expensive in domestic markets.
2. Global Geopolitical Tensions: Uncertainty around U.S. trade policies and global political developments is pushing investors toward gold as a safe-haven asset.
3. Domestic Demand: With the festival and wedding season approaching, retail demand for gold has increased, especially from jewellers stocking up in advance.

Buyers and Investors

Jewellery buyers may not see significant price drops in the near term. If you are planning to purchase gold for weddings or upcoming festivals, current rates might be a stable entry point. However, it’s always advisable to compare prices and consider making charges before making a purchase.

For investors, gold continues to be a valuable asset for portfolio diversification. With expectations of a bullish trend, financial advisors recommend digital gold investments like Gold ETFs or Sovereign Gold Bonds, which are cost-effective and safe alternatives to physical gold.

Global Market

Market analysts forecast short-term consolidation in the ₹98,000 to ₹1,00,500 range for 10 grams of gold. If global risk factors intensify or the rupee depreciates further, prices may break above current resistance levels. Investors are advised to track macroeconomic indicators and global market cues closely.

Conclusion

Today’s gold rates remain elevated but show signs of stabilization. With 24K gold priced at ₹10,097 per gram and 22K at ₹9,255, buyers and investors alike need to stay informed and make calculated decisions. As the festive season nears, demand is expected to stay strong, possibly keeping gold prices buoyant in the coming weeks.

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