Gold Price Today: Weekly Rally Continues as Gold and Silver Gain Across Indian Markets
Gold prices have continued their upward trend in India, with both gold and silver posting strong gains over the past week. The price of 24-carat gold has increased by as much as ₹2,780 per 10 grams, while 22-carat gold has climbed up to ₹2,550 during the same period. Silver has also witnessed a sharp rise, gaining ₹10,000 per kilogram in just one week.
The precious metals market has been supported by firm international prices and sustained domestic demand. Experts note that gold and silver prices in India are influenced by a combination of global economic developments, currency movements, import costs, and local market demand.
As of the morning of July 5, spot gold in the international market was trading at $4,181.50 per ounce, providing continued support to domestic bullion prices.
The latest bullion rates show that gold prices remain elevated across India's leading cities.
In the national capital, 24-carat gold is priced at ₹1,46,880 per 10 grams, while 22-carat gold is available at ₹1,34,650 per 10 grams.
Both Mumbai and Kolkata are witnessing similar prices:
22-carat gold: ₹1,34,500 per 10 grams
24-carat gold: ₹1,46,730 per 10 grams
Gold continues to trade at comparatively higher levels in Chennai.
24-carat gold: ₹1,49,460 per 10 grams
22-carat gold: ₹1,37,000 per 10 grams
In Bengaluru and Pune, bullion prices remain identical.
24-carat gold: ₹1,46,730 per 10 grams
22-carat gold: ₹1,34,500 per 10 grams
| City | 22-Carat Gold (10 gm) | 24-Carat Gold (10 gm) |
|---|---|---|
| Delhi | ₹1,34,650 | ₹1,46,880 |
| Mumbai | ₹1,34,500 | ₹1,46,730 |
| Ahmedabad | ₹1,34,550 | ₹1,46,780 |
| Chennai | ₹1,37,000 | ₹1,49,460 |
| Kolkata | ₹1,34,500 | ₹1,46,730 |
| Hyderabad | ₹1,34,500 | ₹1,46,730 |
| Jaipur | ₹1,34,650 | ₹1,46,880 |
| Bhopal | ₹1,34,550 | ₹1,46,780 |
| Lucknow | ₹1,34,650 | ₹1,46,880 |
| Chandigarh | ₹1,34,650 | ₹1,46,880 |
Silver has mirrored gold's positive momentum this week. The metal has appreciated by ₹10,000 per kilogram over the last seven days.
As of July 5, silver is trading at ₹2,50,000 per kilogram in the domestic market. Meanwhile, spot silver in the international market is quoted at $62.45 per ounce.
Market participants attribute the rise in silver prices to a combination of strong industrial demand, increasing investment interest, and supportive global market conditions.
Bullion prices in India do not depend solely on domestic demand. Several international and local factors collectively determine daily price movements, including:
Global economic uncertainty and inflation trends
International spot prices of gold and silver
US dollar movement and currency exchange rates
Import duties and taxes
Domestic jewellery demand
Investment demand through ETFs and physical bullion
Industrial consumption, particularly in the case of silver
Changes in any of these factors can influence prices in the Indian bullion market on a daily basis.
With international gold prices holding above $4,180 per ounce and silver maintaining strong momentum, investors remain focused on upcoming global economic developments that could influence bullion prices further.
While recent gains have strengthened market sentiment, bullion prices remain subject to fluctuations driven by inflation data, central bank policy decisions, geopolitical developments, and movements in global financial markets.
For buyers planning jewellery purchases or investment in precious metals, tracking daily price movements remains important, as rates can change based on both domestic and international market conditions.
