Precious metal markets in India saw an uptick on July 21, 2026, with both gold and silver futures recording increases on the Multi Commodity Exchange (MCX). Despite some weakness in international bullion markets, domestic prices remained largely stable, influenced by a combination of global economic indicators and currency movements.
MCX Futures See Gains
On the Multi Commodity Exchange, gold futures for July 21, 2026, were trading higher. Gold prices rose by 0.65%, reaching ₹1,42,314 per 10 grams. Similarly, silver futures experienced a more significant surge, increasing by approximately 1.19% to settle at ₹2,20,999 per kilogram.
Retail Gold Rates Across Indian Cities
In the retail market, gold is primarily available in 24-karat and 22-karat purities. While 24-karat is considered the purest form, 22-karat gold is widely preferred for jewelry due to its enhanced durability from alloyed metals.
- 24K Gold (per 10 grams) on July 21, 2026:
- Delhi: ₹1,43,620
- Mumbai, Bengaluru, Kolkata, Hyderabad, Chennai: ₹1,43,470
- 22K Gold (per 10 grams) on July 21, 2026:
- Delhi: ₹1,31,660
- Mumbai, Bengaluru, Kolkata, Hyderabad, Chennai: ₹1,31,510
Retail Silver Rates in Major Cities
Silver prices also showed minor variations across key Indian cities on July 21, 2026.
- Silver (per 10 grams) on July 21, 2026:
- Delhi, Mumbai, Bengaluru, Kolkata: ₹2,351
- Hyderabad, Chennai: ₹2,349
- Silver (per kilogram) on July 21, 2026:
- Delhi, Mumbai, Bengaluru, Kolkata: ₹2,35,100
- Hyderabad, Chennai: ₹2,34,900
Factors Influencing Precious Metal Prices
Market participants continue to closely monitor several key global factors that impact precious metal prices. These include evolving global economic data, expectations surrounding US interest rate decisions, and fluctuations in international currency markets. Weakness in the broader international bullion market can also exert downward pressure on domestic rates, even as local demand and supply dynamics play a role.