Gold Price In Bangalore & Chennai Now Very Close To Rs. 1,00,000; Check 24K, 22K, 18K Gold & Silver Price

Gold prices underwent a sharp upswing this week, with rates in Bangalore and Chennai now hovering close to the ₹1,00,000 mark for 24-carat gold. After a strong rally throughout the week, prices took a slight breather today but remain elevated near record highs. The continued surge in gold is driven by soft U.S. economic data and global economic uncertainty, which have renewed demand for the yellow metal as a safe-haven asset.

Similarly, the 100 grams of 24-carat gold are now priced at Rs 9,96,000, while 100 grams of 22-carat gold are now retailing at Rs 9,13,000.

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Gold Prices in Other Major Indian Cities Today: Check Latest 24K and 22K Rates

Here's a city-wise breakdown of today's gold prices.

Gold And Silver Future Price On MCX

On the Multi Commodity Exchange (MCX), the gold futures for August 5th delivery are trading higher by 0.07%, at Rs 97,945 per 10 grams. Similarly, the silver futures for the July 4th, 2025, expiry have crossed the Rs. 1 lac mark and are currently trading higher by 1.22%, trading at Rs. 1,05,722 per kg.

"MCX Gold Aug is expected to hold the support at the ₹97,000 level and move towards the ₹99,000 level. • MCX Silver July is expected to rise towards the ₹106,200 level, as long as it holds above the ₹102,400 level." an ICICI Commodity report
stated

Spot Gold and Silver Prices Today

As per the latest Reuters report, "Spot gold was up 0.3% at $3,363.33 an ounce, as of 0548 GMT. Bullion has gained 2.3% for the week so far. U.S. gold futures climbed 0.4% to $3,387. Spot silver fell 0.7% to $35.92 per ounce.