Gold & Silver Price Today: Check 24K Gold, 22K Gold and 999 Silver Rates

Gold Price and Silver Price both moved higher in India on Thursday, July 23, 2026. 24K gold trades near ₹14,651 per gram, up ₹229 from the previous session. 22K gold stands at ₹13,430 per gram. Silver holds steady at ₹2,40,000 per kilogram across Delhi and Mumbai. Rising West Asia tensions continue to drive safe-haven demand for precious metals.

Gold Price Today Across Major Cities

Gold Price (NYSE: GOLD) has climbed steadily this week as investors seek safety from global uncertainty. 24K gold, the purest retail form, is trading at ₹14,651 per gram today. That works out to roughly ₹1,46,510 for 10 grams.

• 22K gold stands at ₹13,430 per gram, or ₹1,34,300 per 10 grams.
• 18K gold trades near ₹10,817 per gram for diamond-studded jewelry.
• Prices vary slightly across Delhi, Mumbai, Chennai, and Kolkata due to local taxes.

These rates reflect a Rs 229 jump from Wednesday’s closing level. Escalating US-Iran tensions in the Strait of Hormuz have pushed investors toward gold as a hedge.

MCX Gold Futures React Sharply

MCX gold futures also jumped alongside physical Gold Price gains this week. The August 5 contract touched an intraday high of ₹1,44,950 per 10 grams. That marked a gain of 1.44% in a single session.

• MCX Gold opened with a sharp gap up on Wednesday’s session.
• Traders are watching next week’s Federal Reserve policy meeting closely.
• Rate guidance from the Fed could shift gold demand in either direction.

Enrich Money CEO Ponmudi R noted that the sharp opening reflected strong global cues. Analysts expect continued volatility until geopolitical risks in West Asia show signs of easing.

Silver Price Holds Firm At ₹2,40,000 Per Kg

Silver Price has remained steady at elevated levels through this week’s trading. In both Delhi and Mumbai, 999 fine silver is priced at ₹2,40,000 per kilogram. This translates to roughly ₹240 per gram for retail buyers.

• Silver has tracked gold’s upward momentum amid the same safe-haven demand.
• Industrial demand for silver in electronics and solar remains a key price driver.
• The metal often shows sharper percentage swings than gold during volatile sessions.

Some regional trackers reported silver near ₹235 per gram just a day earlier. The gap reflects normal daily fluctuation between exchanges and local bullion markets.

Why Gold Price And Silver Price Are Rising Together

Gold Price and Silver Price often move in tandem during periods of geopolitical stress. Both metals benefited this week from escalating conflict between the United States and Iran. Reports of attacks on tankers near the Strait of Hormuz spooked global markets.

• Brent crude climbed to $92.01 a barrel amid the same tensions.
• A weaker Indian rupee, near ₹96.52 against the dollar, also lifted local gold rates.
• Import duty of 15% plus 3% GST continues to shape final retail prices in India.

Higher crude oil costs typically weaken the rupee, making imported gold costlier in India. This currency effect compounds the pure safe-haven demand, pushing metal prices upward.

Silver price jumps 5%, gold attracts bargain hunters above $4,000 https://t.co/rqTrluoAFG

— MINING.COM (@mining) July 21, 2026

What Drives Gold Price And Silver Price In India

Domestic gold and silver prices depend on more than just global spot rates. Indian buyers should track a mix of international and local factors before making purchases.

• International spot prices set in London remain the base reference point.
• USD/INR exchange rate movements directly affect the landed cost of imported metal.
• State-level taxes and jewelry-making charges vary retail prices by city.

Buyers in Chennai, Bengaluru, and Hyderabad often see different final prices than Delhi or Mumbai. This happens even when the base bullion rate stays identical nationwide.

Final Thoughts

Gold Price and Silver Price are likely to stay volatile through the coming weeks. Ongoing West Asia tensions and the upcoming Federal Reserve policy meeting remain key triggers. Market experts suggest gold could test fresh highs if the Iran conflict escalates further. For now, both metals continue to reflect a classic flight-to-safety pattern seen during global uncertainty.

Disclaimer:

The content shared by Meyka AI PTY LTD is for research and informational purposes only. Meyka is not a financial advisory service, and the information provided should not be treated as investment or trading advice.