Gold, Silver Prices in India Remain Steady Amid Global Pressure

On July 24th, gold and silver prices in India remained relatively stable, but under pressure from subdued global bullion trends. Gold continued to trade above ₹1.42 lakh on the Multi Commodity Exchange (MCX), while silver hovered near ₹2.19 lakh.

In the retail market, buyers primarily choose between 24-karat and 22-karat gold. While 24-karat gold is the purest form and preferred for investment, 22-karat gold is widely used for jewelry due to its alloy content making it more durable.

Traders are closely monitoring global economic indicators, expectations around US Federal Reserve interest rates, and currency movements, which are expected to influence the direction of gold and silver prices.