Gold Price Weekly Report: Nowadays, gold and silver are not merely ornaments; they are considered key investment options. Consequently, fluctuations—whether major or minor—in domestic and international markets directly impact their prices. The bullion market witnessed similar volatility during this trading week, characterized by a continuous cycle of rising and falling gold prices. By the end of the week, gold prices had risen by ₹1,527. According to the IBJA, the price of 24-carat gold was recorded at ₹1,42,254 on July 20, whereas by the market close on July 24, it stood at ₹1,43,781.
IBJA Gold Rates
According to the India Bullion and Jewelers Association (IBJA), the price of 24-carat gold rose by ₹2,622 this week to reach ₹1,43,781 per 10 grams, up from the previous ₹1,41,159 per 10 grams. The price of 22-carat gold reached ₹1,31,703 per 10 grams, compared to the earlier ₹1,29,302 per 10 grams. The price of 18-carat gold increased to ₹1,07,836 per 10 grams, up from ₹1,05,869 per 10 grams.
Market experts believe that geopolitical tensions between the US and Iran, rising crude oil prices, concerns regarding global inflation, and the upcoming US Federal Reserve meeting have influenced investor strategies. The question now arises: what factors should investors keep an eye on in the coming days?
How did gold trading fare throughout the week? It is worth noting that gold prices on the Multi Commodity Exchange (MCX) witnessed continuous fluctuations during the week of July 20–24, 2026. Prices saw periods of strengthening driven by international market trends, interspersed with softening due to profit-booking. By the end of the week, MCX gold (for August 5 delivery) closed at ₹1,42,821 per 10 grams. Overall, gold closed the week with a gain of ₹245, indicating that investor sentiment remains tilted towards safe-haven investments.
Market figures for the week
MCX gold stands at ₹1,42,821 per 10 grams, while 24-carat gold on the IBJA platform is priced at ₹1,43,781 per 10 grams. Additionally, in the international market (Comex Gold), the price is $4,053 per ounce, with gold holding steady at a gain of approximately 0.14%. In the Delhi bullion market, it is trading at around ₹1,47,000 per 10 grams. These figures clearly show that gold prices remain elevated in both domestic and international markets.
Activity in the silver market
Silver also witnessed fluctuations throughout the week, alongside gold. Commercial demand, global economic indicators, and investor trading activity also influenced silver prices. However, gold prices dominated market discussions this week, as investor focus was largely centered on global events.
Reasons for the rise in gold prices
Rising tensions between the US and Iran
Escalating tensions between the US and Iran on the international stage have heightened investor anxiety. Whenever global conflicts or geopolitical events occur, investors tend to move away from riskier investments—such as the stock market—and turn toward safe-haven options like gold. This shift has driven the surge in gold demand this week. Rising Crude Oil Prices
A rise in crude oil prices impacts the global economy.
Higher oil prices increase transportation, production, and other costs, raising concerns about inflation. When inflation rises, investors often turn to gold to safeguard their capital. This is why the surge in crude oil prices has influenced gold price trends.
Concerns Over Global Inflation
There are ongoing concerns regarding inflation in several major economies, including the US. If inflation remains high for an extended period, central banks may maintain high interest rates. In such an environment, investors view gold as a safe-haven asset.
Why Does the Price of Gold Vary in the Domestic Market?
It is worth noting that gold prices in the country are not determined solely by the global market. Factors influencing domestic prices include international gold rates, the dollar-rupee exchange rate, import duties, GST, jeweler premiums, local supply and demand, and the wedding and festive seasons. Consequently, slight price variations are observed across cities like Delhi, Mumbai, Chennai, and Kolkata.
Is It the Right Time to Buy Gold?
This decision depends on your investment horizon and objectives. If you are a long-term investor, a staggered buying approach (buying in stages) can help mitigate risk. If you plan to purchase jewellery, it is advisable to compare daily market rates and making charges.
Conclusion
The week of July 20–24, 2026, witnessed volatility in the gold and silver markets. Prices hovered around ₹1,42,821 per 10 grams for the August 5 gold contract on MCX, ₹1,42,757 per 10 grams for IBJA 24-carat gold, $4,053 per ounce on Comex, and approximately ₹1,47,000 per 10 grams in the Delhi bullion market. Gold closed with a gain of ₹245 at the end of the week.
Comments are closed.