Gold Rate Today, July 31: Yellow Metal Falls On MCX | Check Rates In Your City | Markets News
Last Updated:
Gold Rate Today, July 31: In Mumbai, the price of gold stands at Rs 91,700 per 10 grams for 22-carat and Rs 1,00,030 per 10 grams for 24-carat.
Gold Prices Today, July 31.
Gold, Silver Prices In India Today, July 31: Gold and silver declined on Thursday after the US Federal Reserve kept interest rates unchanged, and the likelihood of a rate cut in September has decreased. In Mumbai, the price of gold stood at Rs 91,700 per 10 grams for 22-carat and Rs 1,00,030 per 10 grams for 24-carat.
Silver declined by Rs 2,000 to Rs 1,15,000 per kg.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading lower by 0.26% at Rs 98,725 per 10 gram, while silver (expiring on September 5, 2025) fell by 1.26% to trade at Rs 1,11,440 per kg.
Aksha Kamboj, vice-president of the India Bullion and Jewellers Association and executive chairperson of Aspect Global Ventures, said, “Gold prices edged lower after the US Federal Reserve kept interest rates unchanged, as widely anticipated. Also, the likelihood of a rate cut in September has decreased, weighing negatively on bullion. Despite this, gold may continue to attract buying interest at lower levels, supported by strong domestic demand ahead of the festive season and ongoing purchases by global central banks. In the near term, key triggers for gold include the US personal consumption expenditure data due later today, the upcoming jobs report tomorrow, and the imposition of tariffs from the month of August.”
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On July 31?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 91,850 | Rs 1,00,180 |
| Jaipur | Rs 91,850 | Rs 1,00,180 |
| Ahmedabad | Rs 91,750 | Rs 1,00,080 |
| Patna | Rs 91,750 | Rs 1,00,080 |
| Mumbai | Rs 91,700 | Rs 1,00,030 |
| Hyderabad | Rs 91,700 | Rs 1,00,030 |
| Chennai | Rs 91,700 | Rs 1,00,030 |
| Bengaluru | Rs 91,700 | Rs 1,00,030 |
| Kolkata | Rs 91,700 | Rs 1,00,030 |
International Gold Prices
US spot gold was trading at $3,292.24 per ounce, as of 0230 GMT. Bullion hit its lowest level since June 30 at $3,267.79 on Wednesday. US gold futures fell 0.2% to $3,287.
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
view comments
- First Published:
Read More
