Gold Price Update: Gold Crosses ₹1 Lakh Mark Again, Silver Also Climbs ₹1000—Check Rates in 10 Major Cities

Gold prices in India have continued their upward trend this week, adding a fresh ₹330 gain to the already high price tags seen earlier this month. In parallel, silver prices also surged significantly, rising by ₹1000 per kilogram in just seven days. With both gold and silver becoming costlier, here’s a detailed look at how precious metals are trading across India’s top 10 cities.

Gold Becomes ₹330 Costlier in a Week

The price of 24-carat gold has jumped ₹330 per 10 grams over the past week, while 22-carat gold is now ₹300 costlier during the same period. Gold has once again surpassed the ₹1 lakh mark, driven by a combination of domestic and global market cues, including inflation trends, currency fluctuation, and international gold demand.

City-Wise Gold Rates on July 20, 2025

Here's how gold is priced across India’s top metros and major cities:

1. Delhi

• 24 Carat: ₹1,00,190 per 10 grams

• 22 Carat: ₹91,850 per 10 grams

2. Mumbai

• 24 Carat: ₹1,00,040 per 10 grams

• 22 Carat: ₹91,700 per 10 grams

3. Chennai

• 24 Carat: ₹1,00,040 per 10 grams

• 22 Carat: ₹91,700 per 10 grams

4. Kolkata

• 24 Carat: ₹1,00,040 per 10 grams

• 22 Carat: ₹91,700 per 10 grams

5. Hyderabad

• 24 Carat: ₹1,00,040 per 10 grams

• 22 Carat: ₹91,700 per 10 grams

6. Jaipur

• 24 Carat: ₹1,00,190 per 10 grams

• 22 Carat: ₹91,850 per 10 grams

7. Lucknow

• 24 Carat: ₹1,00,190 per 10 grams

• 22 Carat: ₹91,850 per 10 grams

8. Chandigarh

• 24 Carat: ₹1,00,190 per 10 grams

• 22 Carat: ₹91,850 per 10 grams

9. Bhopal

• 24 Carat: ₹1,00,090 per 10 grams

• 22 Carat: ₹91,750 per 10 grams

10. Ahmedabad

• 24 Carat: ₹1,00,090 per 10 grams

• 22 Carat: ₹91,750 per 10 grams

Silver Prices Also on the Rise

Not just gold, silver too saw a substantial price jump this week. On July 20, 2025, silver is trading at ₹1,16,000 per kilogram—up by ₹1,000 from last week.

In Indore’s Sarafa Bazaar, silver prices climbed by ₹400 on July 19 alone, settling at ₹1,13,100 per kilogram. This steady climb reflects the growing investor interest in silver amid market volatility and global economic uncertainty.

Why Are Gold and Silver Prices Rising?

Prices of precious metals in India are impacted by a mix of international trends and domestic factors. These include:

• Global inflation levels

• U.S. Federal Reserve policies

• Rupee-dollar exchange rate

• Demand during festive and wedding seasons

• Geopolitical tensions affecting commodity prices

With rising inflation concerns and increasing investor appetite for safe-haven assets, precious metals are gaining more traction globally—and India, being one of the largest consumers of gold and silver, is no exception.

What This Means for Consumers

For investors, the rising gold and silver prices reinforce their status as safe investment options, especially during times of financial uncertainty. For consumers, especially those planning weddings or festive purchases, the higher rates may impact their gold-buying plans.

Conclusion:
Gold crossing ₹1 lakh and silver nearing ₹1.16 lakh per kg marks a crucial price point for both investors and buyers. With continued global and local market volatility, precious metal prices are expected to remain firm or even see further hikes in the near term. Stay updated with daily price alerts if you plan to invest or buy jewelry in the coming weeks.