Gold, Silver Prices Today, 31 July: Check Rates in Delhi, Mumbai

MUMBAI, India — Retail gold and silver prices across key metropolitan hubs Delhi, Mumbai, Kolkata, and Chennai traded in a stable range on July 31, 2026, according to early morning updates from domestic bullion tracking platforms and trade bodies. The price of 24-karat gold in India hovered around ₹1,44,600 to ₹1,44,950 per 10 grams, while 22-karat gold recorded rates near ₹1,32,400 to ₹1,32,870 per 10 grams depending on local municipal levies and transport adjustments.

Meanwhile, fine 999 silver held firm at approximately ₹2,19,740 to ₹2,20,520 per kilogram across major bullion markets. Trackers attribute the current price stability to steady movements on the Multi Commodity Exchange (MCX) and international spot markets following decisions by global central banks regarding interest rate trajectories.

City-Wise Retail Gold and Silver Price Breakdown

Across key commercial centers, localized duties, transportation costs, and regional jeweler association guidelines lead to slight variations in retail quotes.

According to market aggregation data published on July 31, 2026, the retail rates for 24K gold, 22K gold, and fine 999 silver across major cities stand as follows:

Note: Retail prices at local jewelry showrooms may include additional making charges, wastage fees, and a 3% Goods and Services Tax (GST).

Factors Driving Domestic Bullion Trends

Precious metal valuations in the domestic market remain closely tied to international spot gold prices on COMEX and exchange rate movements of the Indian Rupee against the U.S. Dollar.

In recent trading sessions, global spot gold stabilized near key resistance levels after the U.S. Federal Reserve signaled a cautious approach toward monetary policy adjustments. Domestically, ongoing retail demand ahead of upcoming festival seasons and wedding schedules continues to provide underlying support for physical gold and silver purchases.

Impact on Consumers, Investors, and Jewelers

The stability in precious metal rates yields practical implications across retail and financial sectors:

• For Jewelry Shoppers: Clear baseline pricing allows consumers planning purchases to evaluate showroom quotes and making charges effectively.

• For Retail Investors: Steady prices offer a predictable window for those investing through Sovereign Gold Bonds, Gold ETFs, or digital gold platforms.

• For Bullion Merchants: Lower price volatility helps trade desks manage inventory risks and maintain steady retail supply chains across major trading hubs.

Official Sources Section

Market data, daily indicative rates, and city-wise retail quotes referenced in this news report were compiled from official disclosures from:

• Indicative retail updates by the India Bullion and Jewellers Association (IBJA).

• Daily market dispatches published on NDTV Profit Market Desk.

• Commodity derivative metrics from the Multi Commodity Exchange of India (MCX).

Quote Section

"According to market analysts and official trade disclosures, domestic gold and silver prices continue to reflect a balance between global macroeconomic indicators and steady physical demand across primary metropolitan retail centers."

Why It Matters

Monitoring daily retail rates for 24K gold, 22K gold, and 999 silver is essential for households and institutional investors alike. Because retail quotes form the baseline before making charges and GST are added, tracking city-wise price differences ensures transparency during physical bullion transactions and financial planning.

Key Facts at a Glance

• 24K Gold Range: ₹1,44,440 to ₹1,45,110 per 10 grams across major Indian metros on July 31, 2026.

• 22K Gold Range: ₹1,32,403 to ₹1,33,018 per 10 grams depending on regional city quotes.

• 999 Fine Silver: Traded between ₹2,19,740 and ₹2,20,760 per kilogram.

• Applicable Taxes: Final retail billing at jewelry showrooms includes a mandatory 3% GST plus individual making charges.

Frequently Asked Questions (FAQs)

What is the difference between 24K and 22K gold?

24K gold represents 99.9% pure gold, primarily used for coins and bullion bars. 22K gold contains 91.6% pure gold mixed with durable alloy metals, making it the standard purity for traditional jewelry manufacturing.

Why do gold prices vary slightly from city to city in India?

City-wise price variations occur due to localized transportation expenses, regional trade association benchmarks, municipal taxes, and differing supply logistics between coastal entry ports and inland hubs.

Are making charges included in the daily published gold rates?

No. Daily published rates represent base bullion metal values. Final retail invoices include additional making charges (typically 8% to 20%), wastage fees, and 3% GST.

Source: India Bullion and Jewellers Association, NDTV Profit Market Desk, Multi Commodity Exchange of India.