Now Reading: Gold rates rise across Indian cities on 31 July 2026
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Gold rates rise across Indian cities on 31 July 2026
Gold prices surged on 31 July 2026 across major Indian cities. In Visakhapatnam, Vijayawada, Hyderabad, and Delhi, the price of 10 grams of 22-carat gold rose by Rs 250 to between Rs…
The Story in Brief
Gold prices surged on 31 July 2026 across major Indian cities. In Visakhapatnam, Vijayawada, Hyderabad, and Delhi, the price of 10 grams of 22-carat gold rose by Rs 250 to between Rs 1,32,550 and Rs 1,32,700 depending on the city. For 24-carat gold, the hike was Rs 270, taking the rate to between Rs 1,44,600 and Rs 1,44,750. Silver was quoted at Rs 2,35,000 per kilogram. The Hans India reports that rates have been fluctuating after a fall during the wedding season, with 24-carat gold having hovered around Rs 1,40,000 for 10 grams.
On the Multi Commodity Exchange, gold opened at Rs 1.51 lakh per 10 grams on 10 August 2026, according to Times Now. A report from Motilal Oswal Financial Services noted that geopolitical risks alone may not sustain a rally, as investors now assess conflicts through their impact on inflation and interest rates.
The Indian Opinion
The talk of a 'gold rally' driven only by geopolitical tension misses the point. The Motilal Oswal report rightly warns that investors are looking past conflict headlines to the real economic fallout. The recent wedding-season dip and today's modest rise tell a simpler story: prices swing on local demand and global cues together. Watch whether the MCX rate holds above Rs 1.50 lakh or falls back, that will settle whether the rally has legs.
Sources (5): thehansindia.com, thehansindia.com (2), thehansindia.com (3), thehansindia.com (4), timesnownews.com
This story was synthesised by AI from the 5 sources linked above.
Updated: this story now draws on 5 sources.
