what is the gold price today 24 carat : July 22, 2025
Today’s gold price: On July 22, profit booking following a prior gain caused gold rates to decline in the domestic futures market. Silver September contracts were down 0.42% at ₹1,14,562 per kg at approximately 9:10 AM, while MCX Gold August contracts were down 0.10% at ₹99,225 per 10 grams.
Today’s gold price: After rising more than 1% in the previous session due to a stable US dollar,gold rates in the domestic futures market weakened Tuesday morning (July 22) on profit booking.Uncertainties surrounding tariffs,however,continue to be a major factor supporting the yellow metal. Around 9:10 AM, MCX Gold August 5 contracts were down 0.10 percent at ₹99,225 per 10 grams. At that moment, MCX Silver September 5 contracts were down 0.42 percent at ₹1,14,562 per kg.
The gold futures contract for August increased 1.3% to close at ₹99,328 per 10 grams during the previous session, while the silver futures contract for September increased by almost 2% to close at ₹1,15,046 per kilogram.
Even though the demand for safe-haven assets is supported by ongoing uncertainty regarding the US’s trade negotiations with its trading partners, profit booking in precious metals may be caused by a weak spot demand and a generally stable dollar.
The chances of a possible trade agreement between the US and the EU favoring the latter are strong, according to media reports. The EU may take retaliatory action in response to this.
In the meantime, the dollar index increased by 0.10 percent, which reduced the appeal of gold.
Now, attention is on the ECB interest rate decision on July 24 and the speech by US Fed Chair Jerome Powell on July 22.
“Ongoing geopolitical and economic uncertainty continues to support gold prices, particularly as investors consider the possible effects of impending US-EU trade negotiations and central bank policy decisions,” noted Jigar Trivedi, Senior Research Analyst at Reliance Securities.
“Later today, speeches from Fed Chair Jerome Powell and Governor Michelle Bowman may provide crucial clues about the central bank’s path forward, especially in light of persistent inflation concerns and mixed macroeconomic signals,” Trivedi said.
Experts predict that the price of gold and silver will continue to fluctuate,and some of them advise purchasing silver now.
In light of the Fed Chairman’s speech,the ECB monetary policy meetings,and the volatility in the world financial markets,we anticipate that the price of gold and silver will continue to fluctuate this week.
According to Manoj Kumar Jain of Prithvifinmart Commodity Research,”we recommend buying silver on dips around ₹1,13,500 with a stop loss of ₹1,12,200 for the target of ₹1,16,000.”
Disclaimer: The sole intention of this story is education. Mint does not endorse the opinions or suggestions made by individual analysts or broking firms. Since situations can change and market conditions can change quickly,we suggest investors to seek advice from recognized specialists before making any investment decisions.
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