Gold, Silver Prices Today, July 22: Check Rates in Delhi, Mumbai, Kolkata

MUMBAI, India — Retail gold and silver prices across major Indian metros moved higher on Wednesday, July 22, 2026. The national benchmark rate for 24-carat (24K) pure gold rose to ₹1,44,220 per 10 grams, up from ₹1,43,460 recorded in the previous session. Meanwhile, 22-carat (22K) gold the primary purity standard for traditional Indian jewelry traded at ₹1,32,200 per 10 grams.

The upward adjustment in physical bullion reflects price movements on the Multi Commodity Exchange of India (MCX) and international spot markets. Traded volumes indicate sustained consumer demand, supported by institutional buying and currency fluctuations against the US dollar.

Retail Gold and Silver Price Breakdown Across Key Cities

Precious metal rates vary across Indian cities due to local municipal taxes, octroi charges, and regional jeweller association fixes:

┌────────────────────────────────────────────────────────────────────────┐
│             CITY-WISE RETAIL BULLION RATES (JULY 22, 2026)             │
├──────────────────────────────┬──────────────────┬──────────────────────┤
│ Metropolitan Market          │ 24K Gold (10g)   │ 22K Gold (10g)       │
├──────────────────────────────┼──────────────────┼──────────────────────┤
│ New Delhi                    │ ₹1,44,370        │ ₹1,32,350            │
├──────────────────────────────┼──────────────────┼──────────────────────┤
│ Mumbai                       │ ₹1,44,220        │ ₹1,32,200            │
├──────────────────────────────┼──────────────────┼──────────────────────┤
│ Kolkata                      │ ₹1,44,220        │ ₹1,32,200            │
├──────────────────────────────┼──────────────────┼──────────────────────┤
│ Chennai                      │ ₹1,44,220        │ ₹1,32,200            │
├──────────────────────────────┼──────────────────┼──────────────────────┤
│ Bengaluru                    │ ₹1,44,220        │ ₹1,32,200            │
└──────────────────────────────┴──────────────────┴──────────────────────┘

Silver prices remained stable near peak ranges on July 22, 2026. The national retail rate for 999 fine silver stood at ₹235 per gram, translating to ₹2,35,000 per kilogram. In northern markets including Delhi, silver industrial bars were quoted near ₹2,35,100 per kilogram.

┌────────────────────────────────────────────────────────────────────────┐
│                  PURITY-BASED GOLD PRICING MATRIX                      │
├──────────────────────────────┬──────────────────┬──────────────────────┤
│ Gold Purity Standard         │ Price per Gram   │ Price per 10 Grams   │
├──────────────────────────────┼──────────────────┼──────────────────────┤
│ 24K (99.9% Pure Fine Gold)   │ ₹14,422          │ ₹1,44,220            │
├──────────────────────────────┼──────────────────┼──────────────────────┤
│ 22K (91.6% Standard Jewelry) │ ₹13,220          │ ₹1,32,200            │
├──────────────────────────────┼──────────────────┼──────────────────────┤
│ 18K (75.0% Modern Jewelry)   │ ₹10,817          │ ₹1,08,170            │
└──────────────────────────────┴──────────────────┴──────────────────────┘

Key Drivers Behind Domestic Bullion Movements

Several macroeconomic factors influenced the movement of domestic gold and silver rates on July 22, 2026:

• International Spot Trends: Global spot gold gained ground as investors monitored interest rate signals and geopolitical developments.

• Foreign Exchange Movement: Rupee-dollar exchange fluctuations directly impact landed import costs, as India imports most of its gold requirements.

• Domestic Making Charges & GST: Final retail consumer invoices include 3% Goods and Services Tax (GST) plus variable jeweller making charges ranging between 8% and 25%.

Official Sources Section

Daily bullion rates, spot valuations, and futures contract metrics are tracked and published by the India Bullion and Jewellers Association (IBJA) and the Multi Commodity Exchange of India (MCX), under market oversight provided by the Commodity Participants Association of India (CPAI).

Quote Section

"According to official daily rate releases issued by the India Bullion and Jewellers Association (IBJA), domestic gold and silver prices reflected positive international momentum on July 22, 2026, with 24-carat benchmark rates holding above ₹1,44,000 per 10 grams across major retail hubs."

Why It Matters

• For Jewelry Shoppers: Helps buyers plan purchases and verify making charges against prevailing base bullion rates.

• For Retail Investors: Tracks the value of sovereign gold bonds (SGBs), digital gold holdings, and gold exchange-traded funds (ETFs).

• For Commercial Trade: Serves as a pricing reference for pawn brokers, bullion dealers, and commercial industrial silver consumers.

Key Facts at a Glance

• 24K Gold Rate: ₹1,44,220 per 10 grams (national benchmark average).

• 22K Gold Rate: ₹1,32,200 per 10 grams.

• Silver Rate: ₹2,35,000 per kilogram (999 purity).

• Highest Local Rates: Delhi market quoted slightly higher due to local transport and levy adjustments.

Frequently Asked Questions (FAQ)

What is the difference between 24K and 22K gold?

24-carat gold is 99.9% pure gold, making it soft and suitable for coins, bars, and investment products. 22-carat gold contains 91.6% pure gold mixed with alloys like copper or silver, providing the durability needed for wearable jewelry.

Why do gold prices vary between Delhi, Mumbai, and Kolkata?

Prices vary across cities due to state-level transport costs, local jeweller association pricing decisions, octroi/entry taxes, and local supply-demand balances.

Are GST and making charges included in the daily rates?

No. Standard published daily rates represent base wholesale metal prices. Retail buyers pay an additional 3% GST plus making charges levied by individual jewelers.

Source: Benchmark daily price reports published by the India Bullion and Jewellers Association (IBJA), market data from the Multi Commodity Exchange of India (MCX), and retail price trackers archived by The Economic Times and Livemint.