Gold and Silver Prices Today, July 29: Gold and silver prices stayed under a bit of pressure on Wednesday, July 29, as investors became a tad cautious before the US Federal Reserve’s interest rate decision. On the Multi Commodity Exchange (MCX), both precious metals were trading lower in early trade taking cues from weak global signals and a firmer US dollar.
In the physical market retail gold price levels were still holding high even after the recent corrections. As per the available data, 24-carat gold is moving near ₹1,40,330 for 10 grams, whereas 22-carat gold is around ₹1,33,650 per 10 grams across several markets on July 29.
MCX Gold and Silver Update
As of early trading on July 29, the latest MCX precious metals update is:
- MCX Gold (August Futures): Around ₹1,42,600 per 10 grams, down nearly 0.6% (about ₹850–₹900) in early trade.
- MCX Silver (September Futures): Around ₹2,20,800 per kg, down nearly 1% (about ₹2,200).
Key Levels to Watch
Gold (MCX)
- Support: ₹1,42,200 and ₹1,41,400
- Resistance: ₹1,44,000 and ₹1,45,150
Silver (MCX)
- Support: ₹2,19,100 and ₹2,17,000
- Resistance: ₹2,24,000 and ₹2,26,600
Gold and Silver Rates Today (28 July): City-wise Prices of 24K, 22K Gold and 999 Silver
Gold and Silver Prices Today, July 29
Purity Price (10 grams)
- 24K Gold ₹1,40,330
- 22K Gold ₹1,33,650
Silver Rate Today
According to the latest available market data:
- Silver: ₹235 per gram
- 10 grams: ₹2,350
- 1 kilogram: ₹2,35,000
Market Outlook
Market experts suggest gold and silver might stay a bit volatile in the short run, because investors are reacting to the Fed’s policy announcement. If there is any clue that interest rates are going to stay higher for longer, that could keep some downward pressure on precious metals, even if traders want relief. On the other hand, more dovish signals could help precious metals bounce back like a rebound after a stumble.
