Gold and Silver Rates Today, July 22: Gold and silver pricing stayed steady on Wednesday, July 22 but investors were still watching global geopolitical tensions, and the uncertainty of what US Federal Reserve will do with its monetary policy. In India, bullion traders kept to a close routine on MCX futures while international gold edged higher close to a two week mark showing safe haven demand was still there.
Global Rates
Over in global markets, bullion prices firmed up during the Asian session, spot gold was seen around $4,113.73 per ounce and US gold futures were up near $4,119.10 per ounce. Spot gold rose 0.9% to $4,113.73 per ounce, as of 0123 GMT, having climbed to its highest since July 10. U.S. gold futures for August delivery jumped 1.1% to $4,119.1. Elsewhere, spot silver gained 1.8% to $59.82 per ounce, platinum added 1.6% at $1,655.61 and palladium rose 1.6% to $1,302.25.
MCX Gold And Silver Today
During Wednesday’s trading session, MCX bullion contracts traded with a positive bias.
- MCX Gold (August Futures): Around ₹1,42,000 per 10 grams
- MCX Silver (September Futures): Around ₹2.20 lakh per kg
Gold and Silver Rates Today, July 22
- Delhi: ₹13,300, ₹14,500
- Mumbai: ₹13,150, ₹14,350
- Chennai: ₹13,150, ₹14,350
- Kolkata: ₹13,150, ₹14,350
- Bengaluru: ₹13,150, ₹14,350
- Hyderabad : ₹13,150, ₹14,350
- Ahmedabad: ₹13,155, ₹14,351
Silver Rate Today
Silver (999 purity): Around ₹2.28 lakh–₹2.33 lakh per kg in the physical bullion market.
Bullion markets keep getting that extra support from all the geopolitical uncertainty going on and the shifting crude oil prices and what investors are thinking about the US Federal Reserve interest-rate path. When risk appetite softens a bit, people tend to lean into classic safe haven assets like gold. Silver is being pulled along, mostly because views on industrial demand are looking brighter.
