Gold Price Jumps by Rs 11,400 on July 22 for 24K/100 Grams; Silver Moved Up Too — Will Prices Keep Rising?

Gold Price Today: Gold prices in India rise again on July 22, marking the fifth consecutive day of increases. The price of gold has been going up for almost a week, crossing the Rs 1 lakh mark. Today's rise is due to higher demand for gold as a safe investment, following new EU sanctions on Russia and renewed worries about tariffs. Today, the price of 24-carat gold increased by Rs 1,140, bringing the rate to Rs 1,01,290 for 10 grams.

"The rise was also fueled by expectations around upcoming central bank meetings, with the ECB anticipated to hold rates steady for the first time in nearly a year and the U.S. Federal Reserve meeting on July 29-30 where rate cut hopes linger. Fed Governor Christopher Waller's recent comments favoring a rate cut to cushion growth and labor market risks continue to underpin bullish sentiment for the metal," according to the Kedia Advisory report.

Gold Price in India Today:

The price of 24-carat gold in India increased by Rs 1140 per 10 grams to Rs 1,01,290. Similarly, the price of 22-carat gold moved up by Rs 1,050 to Rs 92,850 per 10 grams. The 18-carat gold rate also rose by Rs 860, now at Rs 75,970 per 10 grams as of Tuesday. The 1-gram variant of 24-carat, and 22-carat gold increased by Rs 114 to cost it at Rs 10,129 and Rs 105 to make it available at Rs 9,285 while the 1-gram variant of 18-carat gold moved up by Rs 86 to cost at Rs 7,597.

Meanwhile, the price of 100 grams of 22-carat gold is now Rs 9,28,500 after rising by Rs 10,500. For 24-carat gold, 100 grams now costs Rs 10,12,900, up by Rs 11,400. Also, the 18-carat gold in 100 grams is now available at Rs 7,59,700 up by Rs 8,600.

Silver Rate in India Today, July 22:

Silver prices in India moved up on Tuesday, July 22, making a fresh all time high. The rate for 1 kg of silver is up by Rs 2,000 to make the cost at Rs 1,18,000. For 100 grams, prices moved up by Rs 200 to be available at Rs 11,800.

Gold and Silver Futures Prices on MCX:

On the MCX, gold futures with 5 August 2025 expiry is trading at Rs 99,130, down by Rs 198 per 10 grams. It has made an intraday high at Rs 99,342, today on July 22. Silver futures expiring on September 5, 2025 is also trading in red, down by Rs 600 or 0.52% at Rs 1,14,446.

Gold Outlook:

"Gold demand in India remained weak due to near-record domestic prices, pushing dealers to widen discounts to $10 per ounce to lure buyers. India's gold imports dropped sharply by 40% year-on-year in June to just 21 tons, their lowest in over two years. Technically, the market reflects fresh buying momentum with open interest rising by 5.66% to 11,300 contracts while prices advanced 1,304. Immediate support for gold is now at 98,420, with a break lower opening the path to 97,515. On the upside, resistance is seen at 99,860 and a move beyond could push prices toward the 100,395 mark," noted Ajay Kedia, Director of Kedia Advisory.

Spot Gold Prices + Spot Silver Price Today:

According to the latest update, spot gold is marginally down by 0.30% or 10.27 points trading at $3,386.92 an ounce, as of 11.30 GMT, but remained close to a five-week high, amid lingering uncertainty ahead of President Donald Trump's August 1 tariff deadline.

Meanwhile, spot silver is also marginally up by 0.03% to $38.15 an ounce, as the US dollar and Treasury yields retreated amid concerns over ongoing trade negotiations and growing expectations for a Federal Reserve rate cut.

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