Gold Rate in India Today: As of July 23, 2025, gold prices in India remain at historic highs. This article provides an overview of current rates, influencing factors, market trends, and investment strategies.
Current Gold Prices in India
– 24‑carat gold: ₹10,233/gram
– 22‑carat gold: ₹9,380/gram
– 18‑carat gold: ₹7,675/gram
– 10g (24K) in cities like Delhi: ₹1,01,290
Short-term Price Movement
On July 22, MCX August gold futures fell ₹203 (0.2%) to ₹99,125/10g due to diminished hopes of a U.S. Fed rate cut. However, geopolitical uncertainties and safe-haven buying led to a ₹600 rise in prices later the same day.
Major Global & Domestic Drivers
– Global uncertainties (US-EU tariffs, geopolitical risks)
– Rupee depreciation
– U.S. Fed interest rate policy
– Central bank and ETF demand surge
Indian Market Trends
– Record-high prices (~₹1.01 lakh/10g) have slowed down retail demand.
– June 2025 gold imports fell 40% YoY.
– RBI added modest gold reserves in June.
– Gold ETF inflows remained strong.
Forecast & Expert Outlook
– Expected range: ₹98,000–₹1,08,000 in July 2025.
– Upside target: ₹1,10,000 depending on macro factors.
Investment Insights
– Buy-the-dip strategy advised near ₹97,000–₹98,000.
– Diversify with silver and Sovereign Gold Bonds (SGBs).
– Monitor Fed decisions and rupee trends closely.
Quick Summary
Current Price: ~₹10,233/g (24K); ₹1.01 lakh/10g
Near-Term Outlook: ₹99k–₹1.02 lakh/10g
Key Risks: Fed policy, global tension, rupee volatility
Strategy: Buy dips, diversify with SGBs and silver
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