Gold rate today: Gold and silver prices are once again seeing a jump. On July 7, gold has crossed ₹ 97,000 across the country and silver has reached close to ₹ 1,08,000 per kg. According to a report by ICICI Bank, this trend may continue further.
Gold and silver prices are skyrocketing. According to the Global Markets Report of ICICI Bank, gold remains the first choice of investors these days. Due to market volatility and increasing risk, people are considering gold as a ‘safe investment’.
Gold prices have jumped by 31% so far in 2025 and it has given positive returns in 16 years. In 2005, it was ₹ 7,638 per 10 grams which has now reached ₹ 1 lakh.
Silver’s shine also remains intact
Not only gold, silver is also not behind. Its price has remained above ₹ 1 lakh per kg for the last 3 weeks. Silver has given a return of 668.84% in the last 20 years.
What is the rate of gold and silver on 7th July?
According to official data till 7:20 am on 7th July, the MCX Gold Index was recorded at ₹96,988 per 10 grams. At the same time, the price of MCX Silver was ₹1,08,438 per kg.
According to the data available on the website of the Indian Bullion Association (IBA), 24 carat pure gold is being sold at ₹97,310 per 10 grams and 22 carat gold at ₹89,201 per 10 grams. At the same time, the price of Silver 999 Fine has been recorded at ₹1,08,520 per kg.
Let us know what is the price of gold and silver in Delhi, Mumbai, Chennai, Kolkata, Bangalore and Hyderabad today i.e. on 7th July.
| City | Gold (Bullion Rate / 10 gm) | MCX Gold Rate | Silver (Bullion Rate / Kg) | MCX Silver Rate |
|---|---|---|---|---|
| Delhi | ₹96,960 | ₹96,988 | ₹1,08,140 | ₹1,08,438 |
| Mumbai | ₹97,130 | ₹96,988 | ₹1,08,330 | ₹1,08,438 |
| Chennai | ₹97,410 | ₹96,988 | ₹1,08,430 | ₹1,08,438 |
| Kolkata | ₹97,000 | ₹96,988 | ₹1,08,180 | ₹1,08,438 |
| Hyderabad | ₹97,280 | ₹96,988 | ₹1,08,500 | ₹1,08,438 |
| Bangalore | ₹97,210 | ₹96,988 | ₹1,08,410 | ₹1,08,438 |
Is it the right time to invest?
Experts believe that precious metals like gold and silver act as a protective shield in times of dollar weakness, geopolitical tensions, and market volatility. If you are thinking of long term investment, there is still a chance, but before taking any decision, definitely take the advice of a financial expert.
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