Gold and Silver Rates Today, July 21: Gold prices in India saw a marginal rise on Tuesday as investors weighed diplomatic efforts to ease the US-Iran war, which could temper oil-driven inflation risks and influence the US Federal Reserve’s interest rate path. Meanwhile, the prices of silver jumped on Tuesday.
In Mumbai, the price of 24-carat gold witnessed a jump of Rs 760 to Rs 1,44,220, compared with Rs 1,43,460 on Monday, according to figures by goodreturns.in. Similarly, prices of 10 grams of 22-carat gold also rose by Rs 700, costing Rs 1,32,200 on Tuesday.
MCX gold futures for August 2026 delivery traded at Rs 1,42,304 per 10 grams, gaining 0.65%. Silver prices also jumped, with MCX silver futures for September 2026 delivery trading at Rs 2,20,670
per kg, up 1.04%.
| City | 22K Gold (Rs/10g) | 24K Gold (Rs/10g) | Silver (Rs/kg) |
| New Delhi | Rs 1,32,350 | Rs 1,44,750 | Rs 2,35,000 |
| Mumbai | Rs 1,32,220 | Rs 1,44,220 | Rs 2,35,000 |
| Kolkata | Rs 1,32,220 | Rs 1,44,220 | Rs 2,35,000 |
| Chennai | Rs 1,32,220 | Rs 1,44,220 | Rs 2,40,000 |
| Bengaluru | Rs 1,32,220 | Rs 1,44,220 | Rs 2,35,000 |
| Jaipur | Rs 1,32,350 | Rs 1,44,370 | Rs 2,35,000 |
| Ahmedabad | Rs 1,32,250 | Rs 1,44,270 | Rs 2,35,000 |
| Pune | Rs 1,32,220 | Rs 1,44,220 | Rs 2,35,000 |
| Hyderabad | Rs 1,32,220 | Rs 1,44,220 | Rs 2,40,000 |
In the international market, spot gold rose 0.9% to $4,042.69 per ounce as of 0345 GMT. US gold futures for August delivery were up 0.8% at $4,047.40. Spot silver gained 2.2% to $57.67 per ounce, platinum was up 0.8% at $1,607.20 and palladium rose 0.8% to $1,263.73, news agency Reuters reported.
“It looks like gold is trying to find a base somewhere around this ($4,000) level and is going to try to re-engage the upside from there,” Ilya Spivak, head of global macro at Tastylive told the news agency.
Additionally, the recent escalation in the conflict drove oil prices to more than a one-month high on Monday, with a growing chorus of US policymakers arguing interest rates may need to rise to beat back persistent inflation.
High interest rates increase the opportunity cost of holding non-yielding bullion.
While the Federal Reserve is widely expected to keep interest rates unchanged at next week’s meeting, traders are currently pricing a 64% chance of a rate hike in September, according to the CME FedWatch Tool.
(With inputs from agencies)
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