Gold Prices in India Remain Steady Amid Safe-Haven Demand
Gold prices in India remained steady on July 25, influenced by safe-haven demand, currency fluctuations, and international market trends. The Multi Commodity Exchange (MCX) closed its weekend session with futures prices holding at their last recorded levels: ₹1,43,066 per 10 grams for gold and ₹2,22,300 per kilogram for silver.
The domestic bullion markets reflect a blend of global spot gold trends, import duties, local taxes, and currency exchange rates against the US dollar. Gold prices vary across Indian cities due to local transportation costs, state taxes, and regional jeweller association tariffs.
According to the source, here are the city-wise gold rates for July 25:
Delhi: ₹1,45,080 per 10 grams (24K), ₹1,32,850 per 10 grams (22K), ₹1,08,850 per 10 grams (18K)
Mumbai: ₹1,44,930 per 10 grams (24K), ₹1,32,850 per 10 grams (22K), ₹1,08,700 per 10 grams (18K)
Chennai: ₹1,45,090 per 10 grams (24K), ₹1,33,000 per 10 grams (22K), ₹1,11,150 per 10 grams (18K)
Bullion traders categorize gold according to its purity level, which directly dictates retail prices. The prices for different purity levels are: 24-Karat Gold (99.9% Pure): ₹1,44,930 per 10 grams, 22-Karat Gold (91.6% Pure): ₹1,32,850 per 10 grams, and 18-Karat Gold (75.0% Pure): ₹1,08,700 per 10 grams.
The key buyer tips include verifying BIS Hallmarking, checking making charges, asking for itemized bills, and comparing daily city rates.