In the midst of global economic uncertainty and fluctuating trade conditions, gold prices in India remained stable on July 28, 2025, offering both investors and jewelry buyers a breather. While international spot gold edged slightly higher due to a weakening US dollar, prices in the domestic market held firm after a brief dip earlier this week.
India, the second-largest gold consumer globally after China, continues to see strong demand despite elevated prices. On Monday, the rate for 22-karat gold hovered around ₹9,160–₹9,175 per gram in most major cities, while 24-karat gold (999 purity) ranged between ₹9,993 and ₹10,008 per gram.
Gold remains a trusted hedge against inflation and economic downturns, and July’s relative price stability is a signal of resilience amid volatile international cues.
Gold Rates in Major Indian Cities (Per Gram on July 28, 2025)
| City | 22K Gold (₹/g) | 24K Gold (₹/g) |
|---|---|---|
| Delhi | ₹9,175 | ₹10,008 |
| Mumbai | ₹9,160 | ₹9,993 |
| Bengaluru | ₹9,160 | ₹9,993 |
| Chennai | ₹9,160 | ₹9,993 |
| Ahmedabad | ₹9,165 | ₹9,998 |
| Lucknow | ₹9,175 | ₹10,008 |
Note: Prices are indicative and may vary slightly depending on jeweler and local taxes.
Gold Prices in Major Global Markets (Per Gram on July 28, 2025)
| Country/City | 24K Gold (Local Currency) | 24K Gold (₹/g) |
|---|---|---|
| United States | $109.50 (USD) | ₹9,478 |
| Canada | $150 (CAD) | ₹9,464 |
| United Kingdom | £79.92 (GBP) | ₹9,275 |
| UAE (Dubai) | AED 402.25 | ₹9,479 |
| Bahrain | BHD 41 | ₹9,416 |
Conversion rates may fluctuate slightly based on live forex markets.
What’s Driving the Gold Price Stability?
The current steadiness in gold prices comes despite:
- A weaker US dollar
- Slight easing of global trade tensions following a recent US-EU trade agreement
- Reduced demand for safe-haven assets like gold
- Global bond yields showing signs of recovery
Despite some pressure from improved risk appetite among global investors, gold continues to hold its ground due to lingering concerns about inflation and monetary policy shifts.
Investor Insight
With gold rates hovering near historic highs (gold touched ₹1 lakh per 10 grams earlier this year), investors are advised to:
- Stay updated with daily gold price trends
- Consider gold as part of a diversified investment portfolio
- Explore sovereign gold bonds or digital gold as alternate options to physical purchases
As of July 28, 2025, the gold market in India reflects stability with a slight bullish tilt, underpinned by global cues and cautious investor sentiment. Whether you’re buying for investment or preparing for the upcoming festive season, today’s prices offer a safe point for entry, with experts expecting a sideways movement in the short term.
Stay tuned to Indian.Community for daily gold rate updates and insights into the global metals market.
