As reported by the India Bullion and Jewellers Association (IBJA), today marked the historic peak of gold prices in India, which are now priced at ₹1,00,502 for 10 grams of 24-carat gold. This is an increase of ₹994 from the previously recorded ₹99,508. Silver prices have also surged, now priced at ₹1,15,500 per kilogram, an increase of ₹1,007 from the previous price of ₹1,14,493. This development is a new milestone for precious metals and underpins persistent global uncertainty and rising demand.
24-carat gold has increased by ₹24,340 since the start of the year, now priced at ₹76,162. In parallel, silver has increased by ₹19,483, now priced at ₹1,05,500 per kilogram after starting the year at ₹86,017. Unlike last year, when gold increased by ₹12,810, this year’s surge has proved more substantial.
Due to local demand and tax variations, gold prices across metros differ to a small extent. As of today, the prices in the major cities are:
Delhi: ₹1,02,480 (24K), ₹93,950 (22K)
Mumbai: ₹1,02,330 (24K), ₹93,800 (22K)
Kolkata: ₹1,02,330 (24K), ₹93,800 (22K)
Chennai: ₹1,02,330 (24K), ₹93,800 (22K)
Bhopal: ₹1,02,380 (24K), ₹93,850 (22K)
Among these cities, the price for 22-carat gold is lower by a proportion of ₹92,000 to ₹94,000 per 10 grams.
Experts recommend that consumers purchase only gold which is BIS certified. Such gold comes with a hallmark issued by the Bureau of Indian Standards and includes a unique six-digit alphanumeric HUID number inscribed as xx:xxxxx which verifies it's purity and genuineness.
24-carat gold: ₹1,00,502 per 10 grams (up ₹994)
22-carat gold: approximately ₹93,800 to ₹94,000 per 10 grams in metro cities
Silver: ₹1,15,500 per kilogram (up ₹1,007)
Gold increase year-to-date: ₹24,340
Silver increase year-to-date: ₹19,483
Possible year-end price: Gold at ₹1,04,000 and Silver at ₹1,30,000
The unprecedented increase in prices maintains gold and silver’s reputation as a safe haven during times of economic and geopolitical turmoil. Everyone, including consumers, to speculators, is closely tracking the ongoing trends of these precious metals.
As reported by India Bullion and Jewelers Association (IBJA), market and price analysts including Kedia Advisory, and Indian metros price feeds as of July 23, 2025.
