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Traders said the domestic bullion market witnessed steady buying in gold, while silver remained flat after the recent correction.

Gold, silver Prices Today: July 22, 2026.
Gold and Silver Rates Today: Gold prices in India saw a sharp rise on Wednesday as investors assessed the widening Middle East conflict and awaited the US Federal Reserve meeting next week for clues on the interest rate outlook. The prices of silver also witnessed a sharp rise on Wednesday.
In Mumbai, the price of 24-carat gold witnessed a jump of Rs 2,290 to Rs 1,46,510 per 10 grams, compared with Rs 1,44,220 on Tuesday, according to figures by goodreturns.in. Similarly, prices of 10 grams of 22-carat gold also rose by Rs 2,100, costing Rs 1,34,300 on Wednesday.
MCX gold futures for August 2026 delivery traded at Rs 1,44,508 per 10 grams, gaining 1,14%. Silver prices also jumped, with MCX silver futures for September 2026 delivery trading at Rs 2,26,367 per kg, up 1.16%.
Check Rates For Cities Today
| City | 22K Gold (Rs/10g) | 24K Gold (Rs/10g) | Silver (Rs/kg) |
| New Delhi | Rs 1,32,360 | Rs 1,44,380 | Rs 2,40,000 |
| Mumbai | Rs 1,34,300 | Rs 1,46,510 | Rs 2,40,000 |
| Kolkata | Rs 1,34,300 | Rs 1,46,510 | Rs 2,40,000 |
| Chennai | Rs 1,32,210 | Rs 1,44,230 | Rs 2,45,000 |
| Bengaluru | Rs 1,34,300 | Rs 1,46,510 | Rs 2,40,000 |
| Jaipur | Rs 1,34,450 | Rs 1,46,560 | Rs 2,40,000 |
| Ahmedabad | Rs 1,34,350 | Rs 1,46,560 | Rs 2,40,000 |
| Pune | Rs 1,34,300 | Rs 1,46,510 | Rs 2,40,000 |
| Hyderabad | Rs 1,34,300 | Rs 1,46,510 | Rs 2,45,000 |
Traders said the domestic bullion market witnessed steady buying in gold, while silver remained flat after the recent correction.
“Gold extended its gains on Tuesday as optimism over renewed US-Iran diplomatic efforts eased geopolitical tensions, prompting a pullback in crude oil prices and supporting bullion,” Saumil Gandhi, Senior Analyst, Commodities, at HDFC Securities said, as cited by news agency PTI.
He added that resilient physical demand, particularly from China, coupled with sustained purchases by central banks continued to support the precious metals.
In the international market, spot gold climbed 1.6% to $4,139.64 per ounce by 0307 GMT, having hit its highest level since July 7 earlier in the day. US gold futures for August delivery jumped 1.7% to $4,144.20. Among other metals, spot silver was up 1.9% at $59.87 per ounce after reaching its highest point since July 10 earlier in the day. Platinum climbed 2.4% to $1,667.22 and palladium rose 3% to $1,320.75.
The Fed will keep its key interest rate steady for the rest of 2026, according to a Reuters poll, although a majority of those who answered a separate question about the chance of a hike this year now described the likelihood as “high”, a reversal from last month when most saw it as “low”.
Higher-for-longer interest rates increase the opportunity cost of holding non-yielding bullion.
I cannot make predictions about future price movements. Gold and silver prices rose on Wednesday, July 22, 2026, driven by Middle East tensions and anticipation of the US Federal Reserve meeting next week. COMEX gold futures increased by 1.
About the Author

Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degre…Read More
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