Gold and silver prices in your city on July 24: Gold prices nudged lower amid easing global trade tensions, and improved investor risk appetite. Gold and silver rates declined in the domestic futures market and also affected spot demand. There was however some support from the dollar‘s weakness.
The dollar index fell to a more than two-week low of 97.11, making precious metals cheaper for other currency holders.
MCX Gold August 5 contracts traded 0.43 per cent lower at ₹98,988 per 10 grams, while MCX Silver September 5 contracts were 0.70 per cent down at ₹1,14,821 per kg around 9.10 am.
Gold, Silver are ‘safe haven’ investments
Experts agree that gold and silver are safe haven bets which investors can use to safeguard their portfolios amid volatile market conditions.
Over the past 20 years, gold prices have skyrocketed by an impressive 1,200 per cent from ₹7,638 in 2005 to over ₹1,00,000 in 2025 (till June), and delivered positive returns in 16 of these years. Year-to-date (YTD), gold prices have risen 31 per cent, with consistent RECord highs solidifying its position among 2025’s top-performing asset classes and a reliable hedge.
Further, silver has also proved resilient. Prices have held above the ₹1 lakh/kg mark for the past three week. Over the past 20 years (2005-2025), the metal has gained a solid 668.84 per cent.
Check how much gold, silver prices have dropped — July 24
The MCX gold index was at ₹99,005/10 gm at 9.20 am on July 24, the official website showed. Meanwhile, MCX silver prices were at ₹1,14,960/kg at the same time, it showed.
Further, 24-carat gold was priced at ₹99,480/10 gm, according to data on the Indian Bullion Association (IBA) at 9.30 am on July 24. Further, 22-carat gold was priced at ₹91,190/10 gms. Silver prices today are at ₹1,15,250/kg (Silver 999 Fine), as per the IBA website.
So, check here gold and silver prices in your city today on July 24 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you.
Gold and Silver Prices in Mumbai — July 24
• Gold bullion rates in Mumbai— ₹99,300/10 gm.
• MCX Gold rate in Mumbai — ₹99,005/10 gm.
• Silver bullion rate in Mumbai— ₹1,15,040/kg.
• MCX Silver 999 rate in Mumbai — ₹1,14,960/kg.
Gold and Silver Prices in Delhi — July 24
• Gold bullion rates in New Delhi— ₹99,130/10 gm.
• MCX Gold rate in New Delhi — ₹99,005/10 gm.
• Silver bullion rate in New Delhi— ₹1,14,840/kg.
• MCX Silver 999 rate in New Delhi — ₹1,14,960/kg.
Gold and Silver Prices in Kolkata — July 24
• Gold bullion rates in Kolkata— ₹99,170/10 gm.
• MCX Gold rate in Kolkata — ₹99,005/10 gm.
• Silver bullion rate in Kolkata— ₹1,14,880/kg.
• MCX Silver 999 rate in Kolkata — ₹1,14,960/kg.
Gold and Silver Prices in Bengaluru — July 24
• Gold bullion rates in Bengaluru— ₹99,380/10 gm.
• MCX Gold rate in Bengaluru — ₹99,005/10 gm.
• Silver bullion rate in Bengaluru— ₹1,15,120/kg.
• MCX Silver 999 rate in Bengaluru — ₹1,14,960/kg.
Gold and Silver Prices in Hyderabad — July 24
• Gold bullion rates in Hyderabad— ₹99,460/10 gm.
• MCX Gold rate in Hyderabad — ₹99,005/10 gm.
• Silver bullion rate in Hyderabad— ₹1,15,220/kg.
• MCX Silver 999 rate in Hyderabad — ₹1,14,960/kg.
Gold and Silver Prices in Chennai — July 24
• Gold bullion rates in Chennai— ₹99,590/10 gm.
• MCX Gold rate in Chennai — ₹99,005/10 gm.
• Silver bullion rate in Chennai— ₹1,15,370/kg.
• MCX Silver 999 rate in Chennai — ₹1,14,960/kg.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
