Gold Price Update: Gold Sees Slight Uptick on July 31, Silver Also Rises – Check City-Wise Rates

Gold trades above ₹1 lakh per 10 grams, silver jumps by ₹100/kg—here’s what influenced today's precious metal prices.

July 31, 2025 | Moneycontrol News | Updated 8:37 AM IST

Gold prices in India saw a mild rise on Thursday, July 31, 2025, continuing their upward trend. Compared to yesterday’s rates, gold became dearer by ₹10 today. The price of 24-carat gold is trading above ₹1,00,000 per 10 grams, while 22-carat gold is priced over ₹92,100 per 10 grams. Silver also witnessed a price hike, now trading at ₹1,17,100 per kilogram—up by ₹100 from the previous day.

📊 Gold and Silver Price Movement – July 31, 2025

Precious metals have been gradually gaining strength amid global economic uncertainty and volatile currency exchange rates. Here’s a quick look at today's rates:

🔸 Gold Price Today (Per 10 Grams) City 22 Carat (₹) 24 Carat (₹)

Delhi	₹92,260	₹1,00,640
Mumbai	₹92,110	₹1,00,490
Chennai	₹92,110	₹1,00,490
Kolkata	₹92,110	₹1,00,490
Jaipur	₹92,260	₹1,00,640
Noida	₹92,260	₹1,00,640
Ghaziabad	₹92,260	₹1,00,640
Lucknow	₹92,260	₹1,00,640
Bengaluru	₹92,110	₹1,00,490
Patna	₹92,110	₹1,00,490

🔹 Silver Price Today

• All-India Average: ₹1,17,100 per kg

• Change from Yesterday: +₹100

💡 Why Are Gold Prices Rising?

Gold prices in India are influenced by several international and domestic factors, such as:

• Global Market Rates: International gold trends directly impact Indian prices.

• Import Duties and GST: Taxes and tariffs can significantly affect the final retail price.

• INR vs USD Exchange Rate: A weaker rupee makes gold imports costlier.

• Supply & Demand Dynamics: Gold demand spikes during wedding and festive seasons in India.

Additionally, geopolitical uncertainties and inflation fears often push investors towards gold as a safe-haven asset.

🪙 Cultural & Investment Value of Gold in India

In India, gold holds immense cultural importance—especially during weddings, festivals like Diwali, and auspicious days such as Akshaya Tritiya. Beyond tradition, gold is also considered a reliable long-term investment, often used as a hedge against inflation.

This dual role makes gold price fluctuations particularly significant for Indian consumers, affecting both household budgets and investor sentiment.

🔍 Market Outlook

While the current price surge is marginal, analysts believe gold may continue its steady climb if global tensions and inflation concerns persist. Investors are advised to track international gold rates, U.S. Federal Reserve policies, and rupee movements before making major buying decisions.

📢 Disclaimer: The gold and silver rates mentioned above are based on industry sources and market trends. Actual prices may vary slightly depending on jewellers and local taxes. Investors are encouraged to verify rates before purchasing.