New Delhi (Economy India): Gold and silver prices in India witnessed a significant rise on Sunday as safe-haven demand and global cues pushed precious metal rates further upward. According to data released by the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold increased by Rs548 to Rs98,791 per 10 grams, up from Rs98,243 in the previous session.
Silver also gained Rs60 to reach Rs1,12,760 per kilogram. This surge in bullion prices marks a continuation of the bullish trend seen throughout the year.
Gold Has Risen Rs22,629 So Far in 2025
Since January 1 this year, gold prices have jumped from Rs76,162 to Rs98,791 per 10 grams—an overall increase of Rs22,629. In comparison, gold had risen Rs12,810 throughout 2024. Silver has also seen a sharp uptick, rising Rs26,743 per kg so far this year from Rs86,017 to Rs1,12,760.
The rally is being attributed to ongoing geopolitical tensions, inflationary pressures, and the weakening of the rupee against the dollar, all of which have increased the appeal of gold as a hedge.
City-wise Gold Rates on July 21
Here are the retail market prices of 24-carat and 22-carat gold in key metro cities:
| City | 24-Carat Gold (₹/10g) | 22-Carat Gold (₹/10g) |
|---|---|---|
| Delhi | Rs1,00,300 | Rs91,950 |
| Mumbai | Rs1,00,150 | Rs91,800 |
| Kolkata | Rs1,00,150 | Rs91,800 |
| Chennai | Rs1,00,150 | Rs91,800 |
| Bhopal | Rs1,00,200 | Rs91,850 |
The price difference between cities reflects factors such as local taxes, transportation costs, and demand-supply dynamics.
Recent Highs in Precious Metals
Gold reached its all-time high of Rs99,454 per 10 grams on June 8, 2025. Silver touched its highest-ever price of Rs1,13,867 per kilogram on July 14, 2025. With the current momentum, analysts believe that these records may be challenged again soon.
What’s Driving the Surge?
Global uncertainties, including the US Federal Reserve’s cautious stance on rate cuts, economic slowdown fears in China, and ongoing geopolitical conflicts, have driven investors to move towards safer assets like gold and silver.
Additionally, domestic demand for gold remains firm, driven by festive and wedding season purchases, contributing to further price support.
Invest Wisely: Buy Only Hallmarked Gold
Experts advise consumers to buy only BIS-hallmarked gold for purity assurance. The hallmark includes a 6-digit alphanumeric HUID (Hallmark Unique Identification Number), such as “AZ4524”, verifying the carat value of the jewellery. Consumers should insist on certified gold to avoid fraud
Outlook for the Coming Months
With inflation fears persisting globally and central banks maintaining a cautious stance, experts forecast that gold and silver prices may remain elevated through the rest of the year. Any geopolitical escalation or monetary easing could further push prices higher.
(Economy India)
