Gold Prices Rise Slightly in India Amid Market Volatility
Gold prices in India have seen a slight uptick on July 31, 2026, despite market fluctuations. According to recent data, 24-carat gold is trading at ₹14,460 per gram. Although prices have risen from previous levels, they remain near historic highs due to global economic uncertainty.
The demand for gold remains steady, with investors and jewellery buyers showing interest. Central banks continue to purchase gold strongly, which is supporting its price. Analysts suggest that gold prices can rise further if there's increased uncertainty in the global economy.
International spot gold trades at approximately $4,133.40 per ounce, reflecting a daily increase due to easing oil prices and softening inflation concerns ahead of the US Federal Reserve decision. A depreciated US dollar can drive up the price of bullion, while low-interest rates are always beneficial for gold.