Gold and silver prices opened higher across India’s retail and futures markets on Monday, tracking gains in global bullion amid renewed safe-haven demand. Retail rates for both 24-karat and 22-karat gold edged up across major cities, while silver also advanced in the domestic market.
On the MCX, gold futures rose 0.51% to Rs 144,520 per 10 grams, and silver futures gained 1.01% to Rs 225,120 per kg at around 9:07 a.m.
The domestic rally mirrored strong global developments, whereby the price of spot gold rose by 1.4% to reach $4,110.56 per ounce and that of US gold futures increased by 1% to reach $4,112.10 per ounce by 0200 GMT.
The rally came amid reduced fears of rising inflation amid falling oil prices owing to the slight easing of tensions in the Middle East region before the Fed’s rate decision.
A 0.3% decline in the US dollar index also made gold more affordable for overseas buyers, lending further support to bullion prices.
City-Wise Gold Prices Today (July 27, 2026)
Gold rates varied slightly across major Indian cities. In Delhi, 24K gold was priced at Rs 1,44,870 per 10 grams, while 22K gold stood at Rs 1,32,800. Mumbai saw 24K gold at Rs 1,44,720 and 22K at Rs 1,32,660. In Chennai, 24K gold was at Rs 1,45,020 and 22K at Rs 1,32,940. Kolkata recorded 24K gold at Rs 1,44,770 and 22K at Rs 1,32,710.
Silver Rises on Strong Global Bullion Momentum
Silver prices in India remained firm on July 27, tracking gains in the global bullion market. According to Goodreturns, 999-purity silver in Hyderabad was priced at around Rs 2,24,820 per kg, reflecting sustained domestic demand and positive international cues. The metal continued to attract investor interest alongside rising gold prices.
Gold Price Trend Analysis in 2026
Gold has delivered a strong performance in India throughout 2026, even after retreating from record highs. MCX gold averaged Rs 1,51,108 per 10 grams in the first quarter, marking a 20% rise from the previous quarter and an 81% jump year-on-year, according to the World Gold Council.
Subsequently, the prices dropped to levels of around Rs 1.41 lakh in June, only to recover back to nearly Rs 1.45 lakh per 10 grams by end of July.
Overall demand for gold in India increased by 10% during the first quarter, totaling 151 tonnes, with investment demand shooting up by 54%, touching 82 tonnes.
Moving ahead, experts expect volatility in prices, where global events, actions of the US Fed, and movements in the rupee vis-a-vis the dollar will trigger the next phase of profits.
What’s Next for Gold Prices?
Gold prices remain well-supported despite recent volatility, reflecting investors’ continued preference for safe-haven assets amid global uncertainty.
With the US Federal Reserve’s policy decision, geopolitical developments, and movements in the US dollar likely to dictate the next leg of the rally, bullion prices may continue to fluctuate in the near term.
For buyers, monitoring daily price movements and broader market cues will be key before making fresh investment or jewellery purchases.
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