Gold Price Today: Yellow Metal Jump Rs 600, Check 22k & 24K Rates In Major Cities
Last Updated:July 30, 2025, 09:45 IST
Gold prices surged amid Trump’s warnings to Russia, weakening rupee, and rising crude oil prices.
Gold Prices Today, July 30.
Gold Price Today, July 30: Gold prices saw a sharp spike of over Rs 600 on Wednesday morning amid US JOLTS data showing drop in job openings, Trump’s fresh warnings to Russia to stop the Ukraine war within 10 days, weakening of the rupee and rising crude oil prices.
In Mumbai, gold prices traded at Rs 1,00,480 per 10 gram for 24-carat gold. Likewise, the prices hovered at Rs 92,100 per 10 gram for 22-carat.
Silver price, on the other hand, stood at Rs 1,15,900 per kg.
Crude oil rallied again, hitting a five-week peak after the U.S. President took a tough stance on Russia, demanding an end to the Ukraine war within 10 days or face fresh sanctions and tariffs.
Gold and silver prices rebounded from recent lows after U.S. JOLTS data for June showed job openings falling to 7.44 million, below both May’s 7.77 million and market expectations of 7.51 million, said Rahul Kalantri, VP Commodities, Mehta Equities.
He added a weaker rupee and rising crude oil prices aided the recovery, though gains were capped as the dollar index touched a 5-week high amid lingering tariff uncertainty.
However, in the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading marginally higher by 0.07% at Rs 99,204 per 10 gram, whereas silver (expiring on September 5, 2025) traded flat at Rs 1,13,803 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On July 30?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 92,250 | Rs 1,00,630 |
| Jaipur | Rs 92,250 | Rs 1,00,630 |
| Ahmedabad | Rs 92,150 | Rs 1,00,530 |
| Patna | Rs 92,150 | Rs 1,00,530 |
| Mumbai | Rs 92,100 | Rs 1,00,480 |
| Hyderabad | Rs 92,100 | Rs 1,00,480 |
| Chennai | Rs 92,100 | Rs 1,00,480 |
| Bengaluru | Rs 92,100 | Rs 1,00,480 |
| Kolkata | Rs 92,100 | Rs 1,00,480 |
International Gold Prices
Investors are eyeing developments in trade negotiations ahead of U.S. President Donald Trump’s August 1 deadline, as U.S. Commerce Secretary Howard Lutnick remains optimistic about reaching a deal with the European Union.
Trump might visit China before going to the Asia-Pacific Economic Cooperation summit between October 30 and November 1, or he could meet Chinese leader Xi Jinping on the sidelines of the APEC event in South Korea, reports said.
At its meeting later this week, the European Central Bank is expected to hold interest rates steady at 2.0% following a string of cuts.
Last week, Federal Reserve Governor Christopher Waller said he still believes that the U.S. central bank should cut rates at its policy meeting next week.
Gold, often considered a safe-haven asset during economic uncertainties, tends to do well in a low interest rate environment.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in excange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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