Gold and silver prices today saw a small fall in the Indian market, even though global signals are strong. On Tuesday, gold hit a one-month high globally as the US dollar weakened. But back home, both gold and silver futures corrected slightly.
On the Multi Commodity Exchange (MCX), gold futures slipped by ₹128 or 0.13%. It settled at ₹99,200 per 10 grams. Silver futures fell ₹542 or 0.47%, ending at ₹1,14,504 per kilogram.
Global Support but Local Correction
Worldwide, gold touched its highest level since June 17. Spot gold was almost flat at $3,389.98 per ounce in early trade. The US dollar index is at a one-week low, which usually makes gold attractive for buyers using other currencies.
Experts say technical support and dollar weakness are pushing gold up. Also, falling US bond yields and rising global trade tensions are making investors move to safe assets like gold and silver.
What Experts Are Saying
Manoj Jain from India Nivesh says gold and silver rose on Monday due to dollar weakness and trade risks. He expects volatility this week, especially with the upcoming Fed and ECB meetings.
He also gives key MCX levels:
- Gold support: ₹98,850 – ₹98,400
- Gold resistance: ₹99,650 – ₹1,00,100
- Silver support: ₹1,14,000 – ₹1,13,300
- Silver resistance: ₹1,16,000 – ₹1,17,400
His tip? Buy silver on dips near ₹1,13,500 with a stop loss at ₹1,12,200 and target ₹1,16,000.
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Currency Watch
The US Dollar Index is at 97.71, down 0.5%. The rupee is weak too, now around 86.50, due to trade worries and global tensions. These currency movements also affect gold and silver prices today.
City-Wise Gold Prices Today (per gram on July 22, 2025)
| City | 24K Gold | 22K Gold |
|---|---|---|
| Mumbai | ₹10,129 | ₹9,285 |
| Delhi | ₹10,144 | ₹9,300 |
| Chennai | ₹10,129 | ₹9,285 |
| Kolkata | ₹10,129 | ₹9,285 |
| Bengaluru | ₹10,129 | ₹9,285 |
| Pune | ₹10,129 | ₹9,285 |
Prices can vary slightly depending on demand and local taxes.
Gold and silver prices today are reacting to a mix of local and international signals. While global demand stays strong, India is seeing a bit of a correction. Traders and investors are keeping an eye on upcoming central bank meetings and the Fed speech this week. Stay updated if you’re looking to buy or invest.
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