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Gold and Silver Price Update: Major Fluctuations Continue Ahead of August

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As the month of July draws to a close and August approaches, the prices of gold and silver have entered a volatile phase. Buyers planning to invest in precious metals today are closely watching daily rate updates. On 30 July 2025, Wednesday, gold and silver prices recorded a notable spike across multiple cities in India. Gold saw a rise of ₹660 per 10 grams, while silver prices surged by ₹1,000 per kilogram.

The 22 carat gold rate today is ₹92,250 per 10 grams, while 24 carat gold is priced at ₹1,00,630. For 18 carat gold, the rate is currently ₹75,480 per 10 grams. On the other hand, 1 kilogram of silver is priced at ₹1,17,000 today. Rates may vary depending on the city and the market trends.

City-Wise Gold Rate for 22 Carat Gold on 30 July 2025

In Delhi’s bullion market, 10 grams of 22 carat gold is priced at ₹74,990. In Mumbai and Kolkata, the same quantity is available at ₹74,870. In Indore and Bhopal, the market rate stands at ₹74,910, whereas in Chennai, gold is trading at ₹75,450 per 10 grams.

These rates are not fixed across the country. They are affected by demand, purity, and local taxes. Even within the same region, rates may differ slightly due to jeweller-specific policies and transportation costs.

Latest 22 Carat Gold Rates in Key Markets

In Bhopal and Indore, gold is priced at ₹91,500 per 10 grams. The rate is ₹91,650 in Delhi, Jaipur, and Lucknow. In cities like Hyderabad, Kerala, Kolkata, and Mumbai, 22 carat gold continues to trade at ₹91,500. These fluctuations are expected to continue as global markets remain uncertain.

24 Carat Gold Prices Across Major Cities Today

For 24 carat gold, Bhopal and Indore are offering 10 grams at ₹99,970. In Delhi, Jaipur, Chandigarh, and Lucknow, the price is ₹99,970 as well. Meanwhile, in Hyderabad, Kerala, Bangalore, and Mumbai, the rate is slightly lower at ₹99,820. Chennai is also reporting a similar trend with the same 24 carat gold rate.

24 carat gold is the purest form of gold, but it is not commonly used in making jewellery. It is mostly sold in the form of coins and bars. Hence, most ornaments are crafted using 18 to 22 carat gold, which offers durability and workability.

Silver Price Trends on 30 July 2025 Across Indian Cities

Today’s silver rate is also seeing upward movement. In cities like Delhi, Mumbai, Jaipur, Lucknow, and Ahmedabad, 1 kilogram of silver is trading at ₹1,17,000. However, in Chennai, Madurai, Hyderabad, and Kerala, the silver price per kilogram has crossed ₹1,27,000.

In Bhopal and Indore, the silver rate remains consistent with the national average at ₹1,17,000 per kilogram. These rates are driven by international trends in silver trade, industrial demand, and domestic investment patterns.

Understanding Gold Purity: How to Check the Real Value?

To ensure that gold is genuine, hallmarking by BIS (Bureau of Indian Standards) is essential. Hallmarking indicates the level of purity and ensures the buyer is getting the promised quality.

24 carat gold has a purity of 99.9 percent, which is the highest standard. This type of gold has a value of 1.00 purity, calculated as 24 divided by 24. In contrast, 22 carat gold contains around 91.6 percent pure gold. The rest is made up of other metals like copper, zinc, or silver, which add strength to the material.

Jewellery made from 22 carat gold carries a 916 hallmark, while 24 carat is marked as 999. Similarly, 23 carat is hallmarked as 958, 21 carat as 875, and 18 carat as 750. These marks help consumers identify the exact purity of the product they are purchasing.

While 24 carat gold is too soft for detailed jewellery work, it is ideal for investment. As a result, jewellers mostly deal in 18, 20, or 22 carat gold for crafting ornaments.

Why Do Gold and Silver Prices Fluctuate Daily?

Prices of precious metals are influenced by a combination of domestic and international factors. These include:

  • Changes in global commodity prices

  • Value of the Indian rupee against the US dollar

  • Government policies on import duties and taxation

  • Local demand during festivals, weddings, and investment seasons

  • Geopolitical tensions that impact global safe-haven buying

When the global gold demand increases, domestic prices follow the same trend. During periods of low interest rates and inflationary pressure, investors shift towards gold and silver as safer assets. This often results in price increases in the Indian market as well.

What Buyers Should Know Before Purchasing Gold or Silver

Before buying gold or silver, customers should always verify the latest rate in their city. It is equally important to ensure that the product is hallmarked and certified. Comparing rates across cities and from different jewellers can help in finding the best deal.

Investors looking to buy gold for financial gains can explore options like sovereign gold bonds, digital gold, or gold ETFs. These instruments offer flexibility, transparency, and are less prone to purity concerns.

On the other hand, buyers opting for physical jewellery should check the making charges and GST added to the base price. These additional charges significantly affect the final billing amount.

City-Based Trends May Continue As August Approaches

With August approaching, festive and wedding preparations may drive demand higher. This could influence prices further. Many people prefer to buy gold during Raksha Bandhan, Janmashtami, and other festivals that fall in August.

Such seasonal buying patterns, along with international price shifts, are expected to create more movement in rates. Buyers planning to purchase soon should stay updated through verified market sources and avoid making hasty decisions.

On 30 July 2025, both gold and silver prices experienced significant surges across India. With gold prices rising by ₹660 per 10 grams and silver by ₹1,000 per kilogram, the metals continue to show volatility. Whether you’re in Delhi, Mumbai, Chennai, or Indore, the rates are changing frequently.

Before making a purchase, consumers should check the city-specific rates, confirm the purity through hallmarking, and understand the market dynamics that influence pricing. As always, a well-informed buyer is a safe buyer.

With August 2025 bringing in festive momentum, the gold and silver market is expected to remain active. Investors and traditional buyers alike are advised to follow trends closely and take timely decisions based on both price and purity.

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