New Delhi, July 22, 2025: Gold prices surged ₹1,000 on Tuesday, reclaiming the ₹1 lakh per 10 grams level in the national capital, driven by strong buying from stockists, as per the All India Sarafa Association. The 99.9 per cent pure yellow metal touched a four-week high of ₹1,00,020 per 10 grams, up from the previous close of ₹99,020. This marks the first time since June 19 that gold has breached the ₹1 lakh threshold.
Gold of 99.5 per cent purity also witnessed a sharp gain of ₹1,000, trading at ₹99,550 per 10 grams (inclusive of all taxes), compared to ₹98,550 in the last market session. The bullish sentiment was mirrored in silver prices, which soared by ₹3,000 to ₹1,14,000 per kilogram from Monday’s close of ₹1,11,000.
Despite the domestic rally, global markets painted a different picture. Spot gold slipped by 0.28 per cent to USD 3,387.42 per ounce. On the Comex exchange, the metal remained confined within a narrow band of USD 3,395 to USD 3,383, indicating market hesitation due to the absence of fresh global economic catalysts.
Silver also edged lower in international markets, declining 0.11 per cent to USD 38.89 per ounce.
Market experts attributed the current volatility to anticipation around upcoming U.S. economic signals. Investors are awaiting speeches by U.S. Federal Reserve Chair Jerome Powell and Governor Michelle Bowman, which may offer insights into the central bank’s monetary policy direction.
Meanwhile, analysts are also keeping a close eye on China’s loan prime rate decision, as well as U.S. macroeconomic data releases, including purchasing managers’ index (PMI) and durable goods orders. These indicators are expected to shape the trajectory of global interest rate expectations and influence the next major move in precious metals.
Gold Surges to ₹1 Lakh Mark in Delhi as Stockists Drive Demand; Silver Follows Rally
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