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Mint
21 hours ago
- Business
- Mint
Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on July 29
Gold and silver prices in your city on July 29: Delay in a trade deal between the United States and India has pushed up gold prices in the domestic futures markets today, on July 29. A stable US Dollar and limited spot demand however, capped the price rise. MCX Gold August 5 contracts traded 0.07 per cent up at ₹ 97618 per 10 grams, while MCX Silver September 5 contracts were 0.18 per cent up at ₹ 1,13,260 per kg around 9.10 am. While, the dollar index inched up by 0.10 per cent and stayed in the green, weighing on gold's demand. Experts term gold and silver as 'safe haven' investments. Over the past 20 years, gold prices have skyrocketed by an impressive 1,200 per cent from ₹ 7,638 in 2005 to over ₹ 1,00,000 in 2025 (till June), and delivered positive returns in 16 of these years. Further, silver has also proved resilient. Over the past 20 years (2005-2025), the metal has gained a solid 668.84 per cent. The MCX gold index was at ₹ 97,620/10 gm at 9.41 am on July 29, the official website showed. Meanwhile, MCX silver prices were at ₹ 1,13,320/kg, it showed. Further, 24-carat gold was priced at ₹ 98,140/10 gm, according to data on the Indian Bullion Association (IBA) at 9.30 am on July 29. Further, 22-carat gold was priced at ₹ 89,926/10 gms. Silver prices today are at ₹ 1,13,600/kg (Silver 999 Fine), as per the IBA website. So, check here gold and silver prices in your city today on July 29 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you. • Gold bullion rates in Mumbai— ₹ 98,000/10 gm. • MCX Gold ratein Mumbai — ₹ 97,620/10 gm. • Silver bullion rate in Mumbai— ₹ 1,13,320/kg. • MCX Silver 999 rate in Mumbai — ₹ 1,13,320/kg. • Gold bullion rates in New Delhi— ₹ 97,830/10 gm. • MCX Gold rate in New Delhi — ₹ 97,620/10 gm. • Silver bullion rate in New Delhi— ₹ 1,13,120/kg. • MCX Silver 999 rate in New Delhi — ₹ 1,13,320/kg. • Gold bullion rates in Kolkata— ₹ 97,870/10 gm. • MCX Gold rate in Kolkata — ₹ 97,620/10 gm. • Silver bullion rate in Kolkata— ₹ 1,13,170/kg. • MCX Silver 999 rate in Kolkata — ₹ 1,13,320/kg. • Gold bullion rates in Bengaluru— ₹ 98,080/10 gm. • MCX Gold rate in Bengaluru — ₹ 97,620/10 gm. • Silver bullion rate in Bengaluru— ₹ 1,13,430/kg. • MCX Silver 999 rate in Bengaluru — ₹ 1,13,320/kg. • Gold bullion rates in Hyderabad— ₹ 98,160/10 gm. • MCX Gold rate in Hyderabad — ₹ 97,620/10 gm. • Silver bullion rate in Hyderabad— ₹ 1,13,520/kg. • MCX Silver 999 rate in Hyderabad — ₹ 1,13,320/kg. • Gold bullion rates in Chennai— ₹ 98,290/10 gm. • MCX Gold rate in Chennai — ₹ 97,620/10 gm. • Silver bullion rate in Chennai— ₹ 1,13,670/kg. • MCX Silver 999 rate in Chennai — ₹ 1,13,320/kg. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
a day ago
- Business
- Mint
Gold price today: Rates rise on delayed India-US trade deal; experts highlight key levels for MCX Gold, Silver
Gold price today: Gold and silver prices rose in the domestic futures market on Tuesday (July 29) morning, supported by persistent uncertainty over an India-US trade deal, which drove investors away from riskier equities and increased the appeal of safe-haven assets. However, a stable dollar and tepid spot demand limited the gains. MCX Gold August 5 contracts traded 0.07 per cent up at ₹ 97618 per 10 grams, while MCX Silver September 5 contracts were 0.18 per cent up at ₹ 1,13,260 per kg around 9:10 AM. The dollar index inched up by 0.10 per cent and stayed in the green, weighing on gold's demand. (This is a developing story. Please check back for fresh updates.)
Time of India
6 days ago
- Business
- Time of India
Gold & silver price prediction today: Will gold rate stay above Rs 1 lakh mark - what's the outlook and should you buy or sell?
Gold price prediction: With positive momentum building, and strong global cues, MCX Gold may continue its northward journey in the near term. (AI image) Gold and silver price prediction today: Gold prices may test the Rs 101,700 levels in the near future on the back of overall bullish sentiments, say analysts. Silver prices too suggest that the upward trend will likely continue. What gold and silver rate levels should investors watch out for? What should the MCX Gold and MCX Silver target prices be in the near term? Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views: MCX Gold Outlook: Gold prices on the Multi Commodity Exchange (MCX) have surged past the ₹100,000 mark, signaling strong bullish momentum. This rally is being supported by global cues, particularly the breakout in COMEX Gold, which has breached the crucial resistance level of $3430 per ounce. This breakout indicates further upside potential in both international and domestic markets. The bullish sentiment is expected to push MCX Gold prices towards ₹101,500 in the short term, with the possibility of testing ₹101,700 levels in the coming week. Strong buying interest, supported by global economic uncertainty, central bank purchases, and inflationary concerns, continues to provide a firm base for gold prices. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo Traders and investors should remain cautious of short-term corrections but can maintain a bullish bias as long as prices hold above the support level of ₹99,400. A stop-loss near this level is advised to manage risk effectively. Overall, the trend remains upward, and any dip towards ₹100,000 could be seen as a buying opportunity. With positive momentum building, and strong global cues, MCX Gold may continue its northward journey in the near term, attracting more buyers and potentially setting new record highs in the process. MCX Gold Trading Strategy CMP: Rs 1,00,300 Target 1 : Rs 1,01,500 Target 2: Rs 1,01,700 Stoploss: Rs 99,400 MCX Silver Outlook MCX Silver prices have climbed to the ₹116,000 mark, indicating strong bullish momentum in the precious metals space. The rally is supported by both domestic demand and positive cues from international markets, where silver continues to gain strength amid rising industrial demand and ongoing macroeconomic uncertainties. The current price action suggests that the upward trend is still intact, and there appears to be more room for the rally to extend further. Technically, silver has maintained higher highs and higher lows, which is a classic sign of a bullish continuation pattern. If the momentum sustains, MCX Silver is likely to test ₹118,000 levels in the near term, with a potential to stretch further towards ₹120,000. On the downside, immediate support is seen near ₹114,000, which is expected to act as a cushion against any short-term corrections. As long as prices stay above this level, the bullish trend is likely to continue. Traders can look for buying opportunities on minor dips, keeping a stop-loss below ₹114,000 to manage risks effectively. With strong fundamentals and favorable technical structure, silver remains poised for further gains. Market participants should stay alert to key price levels and global developments that may influence the precious metals space. MCX Silver Trading Strategy CMP: Rs 1,16,000 Target 1: Rs 1,18,000 Target 2: Rs 1,20,000 Stoploss: Rs 1,14,000 Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
6 days ago
- Business
- Mint
Gold, silver prices fall on easing tariff worries; is it the right time to buy precious metals?
Gold price today: Gold and silver rates declined in the domestic futures market Thursday (July 24) morning as easing concerns on US tariffs improved investors' risk appetite. Muted spot demand also influenced prices. However, the dollar's weakness offered some comfort to the yellow metal. The dollar index fell to a more than two-week low of 97.11, making precious metals cheaper for other currency holders. MCX Gold August 5 contracts traded 0.43 per cent lower at ₹ 98,988 per 10 grams, while MCX Silver September 5 contracts were 0.70 per cent down at ₹ 1,14,821 per kg around 9:10 AM. Gold and silver prices are down amid signs of easing trade tensions. The US has finalised a trade deal with Japan and, according to media reports, is close to a deal with the European Union (EU) that would impose 15 per cent tariffs on European imports. India, too, is actively engaged in negotiations for a deal with the US. Meanwhile, Prime Minister Narendra Modi is on a two-day visit to the United Kingdom (UK). During his two-day visit of July 23-24, PM Modi and his counterpart Keir Starmer are likely to sign the historic free trade agreement between India and Britain that was announced earlier in May. Amid Trump's tariff news, investors await the European Central Bank's (ECB) interest rate decision, which is due later today. Besides, on the macro front, the US weekly jobless claims prints and S&P Global flash PMI data will also be in focus. Next week's Federal Reserve monetary policy decision will also influence market sentiment. Experts expect volatility in precious metals in the near term because of key central banks' interest rate decisions and tariff-related news flows as the August 1 deadline nears. Some experts suggest booking some profits in gold at the current juncture as elevated prices could cause demand fatigue and trigger some consolidation. "Following our long-standing bullish stance on the yellow metal, we are now taking a cautious pause in July 2025 — without completely turning away from it," said Manav Modi, Analyst- Precious Metal Research at Motilal Oswal Financial Services. "While normal price fluctuations will continue, for gold prices to move beyond current all-time highs, the market requires fresh and significant catalysts. We are likely to see a period of price consolidation until the emergence of any decisive or longer-term triggers,' said Modi. Some experts suggest buying silver on dips at the current juncture. "We expect gold and silver prices to remain volatile this week amid volatility in the global financial markets and ahead of the ECB monetary policy meetings. We suggest buying silver on dips around ₹ 1,15,000-1,14,400 with a stop loss of ₹ 1,13,300 for the target of ₹ 1,16,200-1,17,400," said Manoj Kumar Jain of Prithvifinmart Commodity Research. According to Jain, gold has support at $3,370-3,355, while resistance is at $3,419-3,440 per troy ounce, and silver has support at $39.20-38.84, while resistance is at $39.80-40.10 per troy ounce in today's session. MCX Gold has support at ₹ 99,000-98,500 and resistance at ₹ 99,850-1,00,100, while silver has support at ₹ 1,14,750-1,14,000 and resistance at ₹ 1,16,600-1,18,000. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
23-07-2025
- Business
- Mint
Gold price climbs, silver hits record high; experts highlight key MCX levels for bullion
Gold price today: Gold rates inched up in the domestic futures market Wednesday (July 23) morning while silver jumped to its record high on healthy spot market buying and a stable dollar. MCX Gold August 5 contracts traded 0.06 per cent higher at ₹ 1,00,390 per 10 grams, while MCX Silver September 5 contracts traded 0.49 per cent up at ₹ 1,16,216 per kg around 9:20 AM after hitting a record high of ₹ 1,16,275 per kg. Gains for gold were capped after US President Donald Trump announced a trade deal with Japan. Trump said the US and Japan had finalised a trade deal, under which a 15 per cent tariff will be levied on Japanese imports into the US. (This is a developing story. Please check back for fresh updates.)
