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Gold And Silver Prices Today, July 29: In Mumbai, the price of gold stands at Rs 91,590 per 10 grams for 22-carat and Rs 99,920 per 10 grams for 24-carat.
Gold Price Today, July 29.
Gold, Silver Prices In India Today, July 29: Gold and silver continued their downward trajectory as investor sentiment shifted following the finalised trade agreement between the US and the European Union. In Mumbai, the price of gold stood at Rs 91,590 per 10 grams for 22-carat and Rs 99,920 per 10 grams for 24-carat.
Silver declined by Rs 100 to Rs 1,15,900 per kg.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading higher by 0.10% at Rs 97,640 per 10 gram, while silver (expiring on September 5, 2025) rose by 0.15% to trade at Rs 1,13,226 per kg.
Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, “Gold and silver continued their downward trajectory as investor sentiment shifted following the finalised trade agreement between the US and the European Union. This deal triggered a surge in the dollar index — reaching its highest level in two weeks — and reduced the appeal of safe-haven assets.”
Strength in US equity markets added further bearish pressure on bullion. Nevertheless, lingering uncertainties about US trade negotiations with other nations ahead of the August 1st tariff deadline could offer price support. In India, a weaker rupee remains a supportive factor for domestic bullion rates, he added.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On July 29?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 91,740 | Rs 1,00,070 |
| Jaipur | Rs 91,740 | Rs 1,00,070 |
| Ahmedabad | Rs 91,640 | Rs 99,970 |
| Patna | Rs 91,640 | Rs 99,970 |
| Mumbai | Rs 91,590 | Rs 99,920 |
| Hyderabad | Rs 91,590 | Rs 99,920 |
| Chennai | Rs 91,590 | Rs 99,920 |
| Bengaluru | Rs 91,590 | Rs 99,920 |
| Kolkata | Rs 91,590 | Rs 99,920 |
International Gold Prices
In the international market, gold prices traded near a three-week low, as easing fears of a global tariff war and a stronger dollar dampened bullion’s safe-haven appeal.
US spot gold held its ground at $3,318.79 per ounce, as of 0210 GMT. Bullion hit its lowest level since July 9 in the previous session. US gold futures edged 0.2% higher to $3,317.50.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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