Gold Price In India Today, 28th July: See Updated Prices For 24K, 22K & 18K; Should You Buy Now?

On Monday, July 28, gold prices remained stable on the domestic market following an all-time high last week. Global volatility in the bullion market has been caused by rising tariffs, growing geopolitical tension, and ongoing policy changes. In fact, gold prices have dropped in the domestic market by Rs 104 for 24K and Rs 95 for 22K per gram in response to the dollar's strengthening and the lightning-fast reaction of the commodity markets.

Gold & Silver Rates In India Today

At Rs 9,993 per gram for 24 carat gold, Rs 9,160 per gram for 22 carat gold, and Rs 7,495 per gram for 18 carat gold, the price of gold in India remains steady today. Today, 10 gms of 22k gold will cost Rs 99,930 in India; on Monday, the price of 100 grams of 22k gold remained stable at Rs 9,99,300.

In keeping with a steady pricing trend, 22k of 10 grams of gold will cost Rs 91,600 in India today, and 22k of 100 grams of gold will cost Rs 9,16,000 on Monday.

Ten grams of 18-carat gold will cost Rs 74,950 today. In India today, the price remains stable at Rs 7,49,500 for 18k of 100 gms of yellow metal.

Today, the price of silver in India is also steady at Rs 1,16,000 per kilogram and Rs 116 per gram.

MCX Gold Outlook Today

"On the technical front, MCX Gold has seen a notable correction over the last three trading sessions. The broader trend remains neutral, while the daily trend and momentum have weakened. The latest candlestick pattern suggests continued weakness in the near term. However, the 50-day EMA has been acting as strong support for MCX Gold, and this trend may continue. Currently, support is placed at 96,950, while resistance is seen at 98,500-99,000-100,300. Given the neutral broader trend, traders are advised to trade with strict stop-losses and maintain light positions. Traders can consider buying MCX Gold near 96,950 for targets of 98,500-99,000-100,300. Any close below 96,750 will warrant a review of the current outlook," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Prediction Today

"Gold and silver prices are trading mix today on the international bourses. We expect precious metals prices on Indian bourses to trade range bound to slightly higher for the day; as gold prices are steady after the US and European Union announced they had reached a tariff agreement, staving off some concerns about a potentially painful trade war between the economies," commented the research analysts of Nirmal Bang Securities.

Disclaimer

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