- By Shreyansh Mangla
- Wed, 23 Jul 2025 11:43 AM (IST)
- Source:JND
Gold Rate Today: Gold prices in India saw a notable increase today, July 23, 2025, with 24-karat gold reaching Rs 10,233 per gram. This upward trend reflects positive sentiment across all gold prices in the precious metals market, delighting investors and raising questions about the factors driving this price rise.
According to GoodReturns.com, 24-karat gold, also known as 999 gold, recorded a hike of Rs 104 per gram, closing at Rs 10,233. Similarly, 22-karat gold witnessed an increase of Rs 95 per gram, with its price settling at Rs 9,380 per gram. For those opting for 18-karat gold, the price climbed by Rs 78 per gram, reaching Rs 7,675. This consistent rise across different purities suggests a broader market movement rather than an isolated fluctuation.
Delving into details, a single gram of 24-karat gold, which stood at Rs 10,130 yesterday, is now Rs 10,233.
The upward momentum is even more evident for large quantities. For eight grams of 24-karat gold, priced at Rs 81,864, there was a significant jump of Rs 832 from yesterday's Rs 81,032. Similarly, 10 grams of 24-karat gold are being sold at Rs 1,02,330, which is an increase of Rs 1,040 from the previous Rs 1,01,290.
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The largest jump was observed in 100 grams of 24-karat gold, which rose by a significant amount of Rs 10,400, bringing its price to Rs 10,20,300 from yesterday's Rs 10,12,900.
While the exact reasons for today's price rise are multifaceted, market analysts point to a combination of global economic indicators and domestic demand.
Geopolitical uncertainties and a weakening dollar strength often lead investors to flock to safe-haven assets like gold.
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Furthermore, the ongoing wedding season in India and upcoming festive periods could be contributing to increased domestic purchases, further buoying the prices.
The current upward movement in gold prices underscores its enduring appeal as a valuable asset for both investment and personal consumption.
As the market continues to evolve, stakeholders will likely be observing global economic shifts and local demand patterns to anticipate any future movements in the glittering precious metal.
Investors are advised to stay informed and consult with a financial expert before making any significant investment decisions in this dynamic market.