Today's Gold Price Update: Latest 24K And 22K Rates In Major Indian Cities Revealed

Gold and silver prices in India remained largely unchanged on Wednesday, July 15, with precious metals holding near record levels despite subdued movement in domestic markets. According to bullion market data, 24-karat (24K) gold was priced at ₹1,42,990 per 10 grams at the national level, while 22-karat (22K) gold stood at ₹1,31,074 per 10 grams. Silver (999 fine) was quoted at ₹2,23,670 per kilogram as of 6:21 a.m. Gold prices have climbed 46.51% over the past year, while silver has surged by more than 100%, reflecting strong investor demand amid global economic and geopolitical uncertainties.

City-wise, Chennai continued to record the highest gold prices among major metropolitan centres. The price of 24K gold stood at ₹1,43,430 per 10 grams in Chennai, followed by ₹1,42,950 in Hyderabad, ₹1,42,730 in Mumbai, ₹1,42,540 in Kolkata, and ₹1,42,480 each in Delhi and Bengaluru. For 22K gold, Chennai again topped the list at ₹1,31,212 per 10 grams, followed by Hyderabad at ₹1,31,038, Bengaluru at ₹1,30,937, Mumbai at ₹1,30,836, Kolkata at ₹1,30,662, and Delhi at ₹1,30,607. Variations in city-wise rates are primarily due to differences in local taxes, transportation costs, and dealer margins.

Silver prices also remained firm across the country. At the national level, 999 fine silver was priced at ₹2,23,670 per kilogram, while 925 sterling silver traded at ₹2,06,895 per kilogram. Among major cities, Chennai registered the highest silver price at ₹2,23,990 per kg, followed by Hyderabad at ₹2,23,620, Bengaluru at ₹2,23,440, Mumbai at ₹2,23,270, Kolkata at ₹2,22,970, and Delhi at ₹2,22,880 per kilogram. Silver has emerged as one of the strongest-performing commodities over the past year, with prices rising 100.24% from ₹1,11,700 per kg recorded on July 15, 2025.

Also Read: Gold Rate Today: 24, 22 and 18 Carat Prices Across Major Cities

The sharp rise in precious metal prices over the past year has been driven by a combination of international and domestic factors. Global economic uncertainty, geopolitical tensions, sustained central bank purchases, inflation concerns, and expectations surrounding interest rate movements have all supported demand for gold as a safe-haven asset. Silver has also benefited from increased industrial demand, particularly from sectors such as solar energy, electric vehicles, and electronics, in addition to investment demand.

Market analysts note that while daily fluctuations in domestic bullion prices are influenced by international spot prices, several local factors also determine retail rates in India. These include the rupee's exchange rate against the US dollar, import duties, Goods and Services Tax (GST), transportation costs, and jewellers' making charges. Investors and consumers are therefore advised to check city-specific rates before making purchases. With gold and silver continuing to trade near historic highs, market participants will closely watch global economic developments, central bank policy decisions, and geopolitical events for cues on the next direction of precious metal prices.

Also Read: SEBI Exempts Jay Mehta Family Trust From Saurashtra Cement Open Offer Requirement