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Gold-Silver Rate Today In India: Gold and silver prices in the Indian bullion market today showed significant changes. The price of 24-carat gold fell on the Multi Commodity Exchange. Gold prices in international markets rose to $4,085.80 per ounce. The strengthening rupee has put significant pressure on domestic precious metal prices.

The US Federal Reserve kept benchmark interest rates unchanged at its crucial July meeting. This unchanged interest rate is positive for assets like gold and silver. Silver prices have risen globally, reaching $58.42 per ounce. These global economic changes are having a direct impact on India’s domestic bullion market.

latest gold price

Today, the 24-carat gold futures price on MCX fell by ₹269 to ₹1,42,050. According to data from GoodReturns, the retail price of 24-carat gold has reached ₹1,43,660 per 10 grams. According to bullion rates, the price of gold is ₹1,42,790 per 10 grams. Customers looking to buy gold can make a safe purchase decision by checking the latest city rates.

Silver prices jump

Unlike gold, silver prices have seen a slight increase since the market opened today. MCX silver futures prices have risen by ₹71 to ₹217,550 per kg. According to GoodReturns, one kg of silver is selling for ₹235,000 in major cities across the country. Bullions clearly recorded a silver price of ₹218,160 per kg.

Gold prices in major cities

There is a slight difference in the price of 24-carat gold in different major cities of the country. In cities like Delhi, Lucknow, Ayodhya and Jaipur, 24-carat gold is being sold at Rs 1,43,660 per 10 grams. In the financial capital Mumbai, Kolkata and Bangalore, the latest price of gold is recorded at Rs 1,43,510 per 10 grams. In Chennai, the retail price of 24-carat gold is Rs 1,44,150.

Opinion of market experts

According to HDFC Securities expert Saumil Gandhi, the strengthening of the Indian rupee has put pressure on precious metals. Praveen Singh of Sharekhan notes that tensions in West Asia have significantly increased crude oil prices. This has raised concerns about global inflation and strengthened the prospect of a US interest rate hike. These key signals from the international market will determine the direction of the domestic market.