Winning Bizness Desk
Mumbai. On July 23, 2025, the price of 24-carat gold reached a historic peak of ₹1,00,533 per 10 grams. This marks a jump of ₹1,025 from the previous rate of ₹99,508. Alongside gold, silver prices also surged by ₹1,357, reaching ₹1,15,850 per kilogram, up from ₹1,14,493, as per the India Bullion and Jewellers Association (IBJA).
Steep Hike Since Beginning of 2025
Since January 1, 2025, gold has become ₹24,371 costlier, rising from ₹76,162 to ₹1,00,533 per 10 grams. Silver has seen an even sharper increase. It has gone up by ₹29,833, climbing from ₹86,017 to ₹1,15,850 per kilogram. In comparison, gold rose only ₹12,810 in the entire year of 2024, showing a much faster rate of growth this year.
Current Gold Prices Across Indian Cities
Delhi: 24-carat at ₹1,02,480; 22-carat at ₹93,950
Mumbai: 24-carat at ₹1,02,330; 22-carat at ₹93,800
Kolkata: 24-carat at ₹1,02,330; 22-carat at ₹93,800
Chennai: 24-carat at ₹1,02,330; 22-carat at ₹93,800
Gold May Touch ₹1.04 Lakh in 2025
Bullion Market experts opine that global tensions caused by US tariffs and geopolitical uncertainty are pushing investors toward gold. As a safe asset, gold’s appeal is growing. Based on these trends, gold could climb to ₹1,04,000 per 10 grams, and silver might reach ₹1,30,000 per kilogram later this year.
Why Gold and Silver Are Getting Expensive
* Global uncertainty and trade-related tensions
* Strong domestic demand during the festive and wedding seasons
* Economic policies that affect gold imports
* Depreciating rupee making gold costlier
* Supply limitations in the international market
Buy Only BIS-Certified Gold
Consumers are advised to purchase only BIS-certified gold. Look for the six-digit Hallmark Unique Identification Number (HUID), such as AZ4524, engraved on the gold item. This helps verify the purity and type—whether it is 22-carat or 24-carat. Certified gold ensures transparency and quality assurance for buyers.
7 Key Points in a Nutshell
- Gold has crossed ₹1,00,000 for the first time in India.
- Silver also touched a record high of ₹1,15,850 per kilogram.
- Gold has risen ₹24,371 since January 2025.
- Silver has increased by nearly ₹30,000 this year.
- Prices vary slightly across cities like Delhi, Mumbai, and Chennai.
- Experts predict gold could hit ₹1.04 lakh and silver ₹1.30 lakh.
- Always buy BIS-hallmarked gold with a valid HUID number.
