Gold Rises ₹250 to ₹99,020 per 10 Grams amid a Pick-Up in Demand
Gold prices witnessed a notable rise of ₹250 to ₹99,020 per 10 grams on Monday, July 21, 2025, reflecting renewed buying interest among investors and consumers. The uptick in prices comes amidst a backdrop of global economic uncertainties and favorable domestic demand, including the onset of the festive and wedding seasons in India.
Market data shows consistent gains across major cities, with 24-carat gold hovering close to ₹99,000–₹1,00,150 per 10 grams depending on the region. For example, Bangalore reported prices around ₹1,00,150, while Chennai and Hyderabad reflected slightly lower levels near ₹98,700 and ₹98,540 per 10 grams respectively. Silver prices also edged upwards, maintaining positive momentum.
The ongoing demand for gold as a hedge against inflation and currency fluctuations continues to support prices, making it an attractive investment and gifting option for Indian households.
Factors Driving Gold Price Rise
Increased buying activity linked to upcoming festivals and wedding season.
Persistent global economic challenges and geopolitical tensions sustaining safe-haven demand.
Domestic market absorption improved by stable local currency and importer demand.
Inflation worries and low real interest rates prompting investors to seek gold’s security.
Current Gold Price Snapshot (₹ per 10 grams)
| City | 24-Carat Gold | 22-Carat Gold |
|---|---|---|
| Bangalore | 1,00,150 | 91,800 |
| Chennai | 98,700 | 90,475 |
| Hyderabad | 98,540 | 90,328 |
| Mumbai | 98,390 | 90,191 |
| Delhi | 98,220 | 90,035 |
Frequently Asked Questions (FAQ)
Q: What caused the recent rise of ₹250 in gold prices?
A: The rise was driven primarily by a pick-up in domestic demand amid festivals and weddings, combined with safe haven buying due to global economic and geopolitical uncertainty.
Q: Is gold expected to remain strong in the coming weeks?
A: Current trends suggest continued support for gold prices given ongoing demand and persistent inflation concerns, though prices can fluctuate with global economic data.
Q: How does the gold price vary across Indian cities?
A: Gold prices vary slightly due to local taxes, making Bangalore one of the costliest cities, while others like Hyderabad and Chennai track close to the national average.
Q: Should investors consider buying gold now?
A: Gold remains a preferred hedge against inflation and currency risks. Investors should consider their risk profile and market conditions before buying.
Q: How do global rates affect Indian gold prices?
A: Indian gold prices are benchmarked against global spot gold rates, adjusted for currency fluctuations and import duties, so global trends and US dollar strength heavily influence domestic prices.
Published on: July 21, 2025
Published by: PAVAN
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