Gold Prices Rise in India Despite Global Decline Amid Fed Decision and US-Iran Tensions

Gold prices in India saw a marginal increase on July 31, 2026, despite international gold rates falling. According to data from various Indian cities, 24K gold was trading at ₹14,475 per gram in Delhi, up by ₹27 from the previous day. In contrast, international gold rates fell $64.94, or 1.57%, to $4,036.17 per ounce.

The gold market has been affected by various global and domestic factors, including the US Federal Reserve's interest rate decisions and the ongoing tensions between the US and Iran. However, Indian buyers are advised to consider the impact of currency movements on gold prices, as a depreciating rupee can lead to higher local prices.

For jewelry buyers, experts recommend buying in stages to reduce risk, while long-term investors may benefit from holding onto their gold investments despite short-term market volatility. Meanwhile, silver rates remained unchanged at ₹235 per gram or ₹2,35,000 per kg across major Indian cities.