Gold, silver rates today (July 22): Will prices spike higher? Check latest metro rates

New Delhi: Gold and silver prices maintained an elevated trend in the domestic market on Wednesday, July 22, driven by geopolitical uncertainty and expectations regarding international central bank policy moves. Domestic bullion prices continue to be influenced by global spot rates, the rupee-dollar exchange rate, import duties and seasonal demand from jewellers and retail buyers across India.

Data indicates that 24-carat, 22-carat and 18-carat gold prices are trading at high levels across primary Indian metros, while silver prices also remain steady. Minor price variations across cities persist due to local octroi charges, state taxes and transportation costs.

Gold rates today in major Indian cities (July 22, 2026)

The table below outlines the rates for 18-carat, 22-carat, and 24-carat gold per 10 grams across key metros.

Silver prices today across key metros (July 22, 2026)

Silver continues to remain a preferred precious metal for investors and industrial manufacturing. Below are the current silver rates per gram, 10 grams, 100 grams and 1 kilogram.

Factors driving precious metal prices

Global factors: Overseas spot market trends and international economic cues directly impact domestic rates.

Currency movements: Fluctuations in the USD-INR exchange rate affect the import cost of gold and silver.

Local demand: Festivities, wedding seasons and retail jeweller buying trends add pressure on regional pricing.