Precious metal prices in India displayed overall stability on July 19, 2026, even as international bullion markets showed signs of weakness. This trend influenced domestic rates, keeping them largely steady across key cities.
MCX Futures Performance
On the Multi Commodity Exchange (MCX), gold futures experienced a marginal increase, rising by 0.08% to trade at ₹1.40 lakh per 10 grams. Conversely, silver futures saw a slight dip of approximately 0.13%, settling at ₹2.15 lakh per kilogram.
Market participants continue to monitor global economic data, expectations surrounding US interest rates, and currency movements, as these factors are crucial in determining future directions for gold and silver prices.
City-wise Retail Gold Rates (July 19, 2026)
Retail gold prices varied slightly by region, influenced by local market conditions and procurement costs. Here are the rates for 10 grams:
- Delhi: 24K at ₹1,42,670; 22K at ₹1,30,790
- Mumbai: 24K at ₹1,42,520; 22K at ₹1,30,640
- Bengaluru: 24K at ₹1,42,670; 22K at ₹1,30,790
- Kolkata: 24K at ₹1,42,520; 22K at ₹1,30,640
- Hyderabad: 24K at ₹1,42,520; 22K at ₹1,42,520
- Chennai: 24K at ₹1,42,670; 22K at ₹1,30,640
City-wise Retail Silver Rates (July 19, 2026)
Silver prices also showed regional differences:
- Delhi: ₹2,349 per 10 grams; ₹2,34,900 per kilogram
- Mumbai: ₹2,349 per 10 grams; ₹2,34,900 per kilogram
- Bengaluru: ₹2,349 per 10 grams; ₹2,34,900 per kilogram
- Kolkata: ₹2,349 per 10 grams; ₹2,34,900 per kilogram
- Hyderabad: ₹2,399 per 10 grams; ₹2,39,900 per kilogram
- Chennai: ₹2,399 per 10 grams; ₹2,39,900 per kilogram
Understanding Gold Purity
In the retail market, gold is primarily traded in two purities: 24-karat and 22-karat.
- 24-Karat Gold: Considered the purest form of the precious metal, it contains 99.9% pure gold.
- 22-Karat Gold: This purity is widely favored for jewellery manufacturing. It contains approximately 91.6% gold, with the remaining percentage composed of alloyed metals like copper or silver, which enhance its strength and durability.
Marginal differences in retail prices between brands and cities are often attributed to specific pricing policies, varying procurement costs, and distinct regional market dynamics, though overarching bullion trends remain the primary guide for gold prices.