Gold at Rs 1.42 lakh per 10 gm as silver nears Rs 2.16 lakh/kg
India’s average 24K gold price stood at Rs 1,42,250 per 10 gm on July 29, while 22K gold was Rs 1,30,396. Silver 999 fine was quoted at Rs 2,16,480 per kg, creating a high-value backdrop for jewellery retailers and consumers.
India’s 24K gold averaged Rs 1,42,250 per 10 gm and 22K gold Rs 1,30,396. Silver 999 fine was Rs 2,16,480 per kg. Gold fell nearly 3% weekly but rose about 44% annually; silver gained almost 90% year-on-year.
Why this matters
No related recent signals were provided. Elevated gold and silver prices raise the ticket value of jewellery purchases and can affect retailer inventory, pricing and consumer demand.
The retail-company theme is accelerating, up 398800% QoQ.