Gold and silver prices remained largely stable on Sunday, July 26, 2026, in the domestic bullion market, with 24-carat gold trading around Rs 1,43,760 per 10 grams and 22-carat gold at approximately Rs 1,31,780 per 10 grams nationwide. Silver was priced at around Rs 2,22,850 per kilogram, according to data from major bullion tracking platforms.
Global uncertainty stemming from the escalating military tensions between the United States and Iran in the Middle East has continued to support safe-haven demand for precious metals. Prices of gold have witnessed volatility in recent weeks as investors seek shelter from geopolitical risk and currency fluctuations.
City-Wise Gold and Silver Rates Today
In New Delhi, 24-carat gold was priced at around Rs 1,43,260 per 10 grams, while 22-carat gold stood at Rs 1,31,322 per 10 grams. In Mumbai, 24-carat gold traded near Rs 1,43,500 per 10 grams, with 22-carat gold at Rs 1,31,542 per 10 grams.
Chennai recorded the highest rates among major cities, with 24-carat gold at Rs 1,43,920 per 10 grams and 22-carat gold at Rs 1,31,927 per 10 grams. Kolkata’s 24-carat gold rate was around Rs 1,43,310 per 10 grams, while 22-carat gold was priced at Rs 1,31,368 per 10 grams.
Why Are Gold Prices Rising in 2026?
Analysts attribute the sustained strength in gold prices to a combination of factors including the ongoing US-Iran conflict, global central bank gold buying, and expectations of interest rate cuts by the US Federal Reserve. Investors have increasingly turned to gold and silver as hedges against inflation and currency depreciation amid the uncertain geopolitical climate.
Market experts advise consumers to check the latest rates from certified jewellers before making purchases, as prices can vary slightly by region and dealer. Investors are also tracking the MCX futures market, where gold and silver contracts have shown notable movement in response to global cues.