Gold and silver prices today: Gold futures fell to Rs 99,100 and silver slipped to Rs 1,15,000; check the city’s gold rates

Prices of gold and silver extended losses in both international and domestic markets on Thursday, easing global trade tensions and profit bookings after recent highs.

On the multi-commodity exchange (MCX), gold futures delivered in August fell by Rs 487, or 0.49%, to settle at Rs 99,118 per 10 grams. Similarly, silver futures for September delivery fell by Rs 627 or 0.54%, closing at Rs 1,15,085 per kilogram.

In the international market, the international market as of 0138 GMT was stable at $3,387.15 per ounce, and the previous session has since dropped 1.3%. Meanwhile, U.S. gold futures fell 0.1% to $3,492.50.

After the trade agreement reached between the United States and Japan, soft performance is behind the improved risk sentiment in financial markets, which reduces tariffs on automatic imports from 25% to 15%. Furthermore, reports suggest that the United States and the European Union are reaching similar trade agreements, which are further cooling fears that have previously been purchased safely in precious metals.

“It looks like gold is building another bullish momentum for another bullish run,” said Brian Lan, managing director of Goldsilver Central, Singapore. “Although the dollar weakens and usually supports gold, this seems to be a secondary answer. We are still bullish.”

The U.S. dollar index, which measures green against six major currencies, dropped to three-week lows, made foreign investors cheaper and provided some support for yellow metals. On Wednesday, the U.S. dollar index settled at 96.935, down 0.16%.

The Spot Silver price was 0.3% to $39.16 per ounce, the platinum priced at $1,411.53, and palladium dropped to 1% to $1,265.50.

Back home, the domestic gold bar market reflects global trends. Gold futures fell 0.91% to Rs 99,417 per 10 grams, while silver futures fell 0.02% to Rs 1,15,634 per kilogram on Wednesday.

“The U.S.-Japan trade agreement and expectations for further agreements result in a lower price of gold and silver. Both metals show high volatility and lost ground after early gains.”

He added that gold prices fell from five-week highs, while silver retreated from its last level nearly 14 years ago. However, Jain maintained a bullish outlook in the medium term, citing continued support from weaker dollar and U.S. Federal Reserve signals.

Technical prospects for July 25, 2025:

• Gold (MCX): Supports Rs 99,000–98,500, and resistance is Rs 99,850–1,00,100
• Silver (MCX): Supports Rs 1,14,750–1,14,000, and resistance is Rs 1,16,600–1,18,000

Jain recommends buying silver on dipping sauce of Rs 1,15,000-1,14,400, with a stop loss of Rs 1,13,300 and a potential upward target of Rs 1,16,200–1,17,400.

Meanwhile, NES’ July futures were slightly above 86.4600 on NSE, up 0.01%. Despite short-term weakness, the rupee is still suffering delays from U.S.-India trade deal and geopolitical uncertainty related to Russian oil imports.

Jain expects the rupee to be affected by global tariff negotiations, US dollar volatility and changes in the Indian stock market this week.

City Gold Price (per gram as of July 24, 2025):

Gold prices in Mumbai:
In Mumbai, 24 carat gold is priced at Rs 10,097 per gram, while 22 carat gold is priced at Rs 9,255 per gram.

Gold prices in Delhi:
The national capital recorded Rs 24,000 at a price of Rs 10,112 per gram, and gold is available for Rs 22,270 per gram.

Gold prices in Chennai:
The rate of gold in Chennai is slightly lower, at Rs 10,097 per gram, Rs 22,097 per gram, and Rs 9,255 per gram.

Gold prices in Kolkata:
In Kolkata, 24 carat gold costs Rs 10,097 per gram and 22 carat gold sells for Rs 9,255 per gram.

Gold prices in Bangalore:
The gold in Bangalore trades at Rs 10,097 per gram, while the price of 22k gold is Rs 9,255 per gram.

Price of gold in Pune:
The gold in Pune is trading at Rs 10,097 per gram, while the price of 22k gold is 9,255 per gram.