Gold Rate Today (July 22, 2025): Price Soars Across Cities Amid Global Market Shifts

Gold continues to glitter on Indian soil as global cues push prices higher. While MCX futures saw a marginal correction, retail gold prices across major Indian cities rose by ₹100–₹120 per gram, making it one of the most significant upticks in July 2025.

Latest Gold Prices in Indian Cities – July 22, 2025

City Highlight: Prices in Kolkata and Jaipur saw a sharper rise due to higher local demand ahead of the festive buying season.

What’s Driving the Gold Rally?

Weak Dollar Index

• A weakening U.S. dollar made gold more attractive for global investors.
• Gold priced in USD gets cheaper for holders of other currencies.

Falling U.S. Treasury Yields

• 10-year U.S. bond yields dropped, boosting non-yielding assets like gold.

Fed Rate Hike Fears

• Although the Fed hinted at staying put for now, mixed inflation data keeps rate hike possibilities open, keeping investors on edge.

What Should Buyers and Investors Do?

Jewelry Buyers

• Buy in Phases: With Raksha Bandhan and Ganesh Chaturthi approaching, prices may rise further.
• Opt for BIS-certified 22K gold to ensure purity and resale value.

Investors

• Consider sovereign gold bonds (SGBs) or digital gold if you’re looking for long-term, secure holdings.
• Gold ETFs and mutual funds are also viable options for portfolio diversification.

Expert Forecast: Where Are Prices Headed?

“With central banks globally buying gold aggressively and inflation still sticky, we expect domestic 24K gold to touch ₹10,400/g by mid-August,” says Anuj Gupta, Commodity Strategist at Angel One.

Analysts also warn that any signal of interest rate hikes in the U.S. could trigger a minor correction, making the next 10 days crucial for short-term traders.

Today’s MCX Rates (July 22, 2025)

• Gold August Futures: ₹99,125/10g (↓ ₹203)
• Silver September Futures: ₹1,21,190/kg (↓ ₹311)

While retail prices rose, MCX prices dipped slightly due to profit booking.

Important Tips for Buyers

✔️ Always buy with a proper bill

✔️ Avoid impulse buying during high volatility

✔️ Compare prices on apps like GoodReturns or BankBazaar

✔️ Keep an eye on making charges (₹300–₹600/g range)

Taxes and Charges You Must Know

• GST: 3% on gold value + 5% on making charges
• Import Duty: Currently at 15% (subject to change by Union Budget)

High taxes and charges can increase your effective price by up to 18%.

Gold Trends Over the Last 5 Days

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Author: Team BTP

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