IBJA data shows a Rs172 drop in 24K gold while silver rises Rs606 per kg; experts recommend buying only BIS-certified gold with HUID
By Economy India | July 29, 2025
Gold prices slipped while silver surged in the domestic market on Monday, July 29, as per the India Bullion and Jewellers Association (IBJA). The price of 24-carat gold fell RS172, settling at Rs98,274 per 10 grams, down from the previous Rs98,446. In contrast, silver prices soared Rs606 per kg, climbing to Rs1,13,590, up from Rs1,12,984.
This price movement comes days after both metals touched record highs on July 23, when gold reached Rs1,00,533 per 10g and silver Rs1,15,850 per kg.
City-wise Gold Prices (10 grams)
| City | 24K Gold Price | 22K Gold Price |
|---|---|---|
| Delhi | Rs99,970 | Rs91,650 |
| Mumbai | Rs99,820 | Rs91,500 |
| Kolkata | Rs99,820 | Rs91,500 |
| Chennai | Rs99,820 | Rs91,500 |
| Bhopal | Rs99,870 | Rs91,550 |
Gold Has Become Rs22,112 Costlier in 2025 So Far
Since January 1, 2025, the price of 24K gold has increased significantly—from Rs76,162 to Rs98,274, marking a rise of Rs22,112 per 10 grams. In the same period, silver surged from Rs86,017 to Rs1,13,590 per kg, an increase of Rs27,573.
To put this in perspective, in the entire year of 2024, gold rose by Rs12,810, showing a much sharper appreciation trend in 2025.
Certified Gold with HUID: What Buyers Should Know
As prices fluctuate, experts strongly advise consumers to purchase only BIS-certified hallmarked gold. Every certified piece carries a 6-digit alphanumeric HUID (Hallmark Unique Identification Number), such as AZ4524, which verifies its authenticity and carat value.
BIS hallmarking is now mandatory for most gold sold in India and helps ensure both purity and transparency in gold transactions.
Market Outlook
Analysts cite global economic uncertainties, central bank gold purchases, and geopolitical tensions as major contributors to the rising prices over the past few months. However, intermittent profit-booking and fluctuating demand could keep price trends volatile in the short term.
While gold has shown a slight dip today, the broader upward trend in both gold and silver prices signals continued investor interest in precious metals amid market volatility. Consumers are advised to verify purity via BIS hallmarking and monitor prices closely before making significant purchases.
(Economy India)
