Gold Prices Near Record High In Chennai, Bangalore, Hyderabad: Check 24K, 22K, 18K Gold Rates On July 14

Gold prices are once again approaching record-high levels, last seen earlier this year. After a brief period of back-to-back declines that offered buyers some relief, gold rates have surged again, putting fresh purchases on hold for many. The 24-carat gold rate per 10 grams is nearing the Rs. 1,00,000 mark again due to renewed demand as the gold price fell slightly in recent weeks.

Meanwhile, international gold prices are also climbing. Spot gold rates hit a three-week high on Monday after U.S. President Donald Trump reignited trade war fears by imposing a 30% tariff on imports from Mexico and the European Union.

On 14th July, the gold rates in Bangalore rose near the record high levels. 22-carat gold now costs Rs. 91,550 per 10 grams with a hike of Rs. 150. The 24-carat gold jumps Rs. 170 per 10 grams to cost Rs. 99,880. Likewise, the 18-carat gold price is now at Rs. 75,400 per 10 grams, which jumped by Rs. 100.

Bulkier quantities of gold also saw a similar rise. With 100 grams of 24-carat gold jumping Rs. 1700, the cost is Rs. 9,98,000 and the 22-carat per 100 grams now retails at Rs. 9,15,000 after jumping Rs. 1500.

Gold Rates In Major Cities In India

Most of the Indian cities observed this rally in gold prices today. Here are gold prices in some of the major cities:

Silver Prices In Major Indian Cities

Silver rates have remained stable today after big jumps seen last week.

Gold and Silver Future Price on MCX

On the Multi Commodity Exchange, Gold August Futures fell by 0.30% to Rs 98,108 per 10 grams. While the Silver September Futures rose today by 1.59% to Rs 1,14,803 per kg on July 14th.

"MCX Gold Aug is expected to rise towards the Rs. 98,500 level as long as it stays above the Rs. 97,300 level. Meanwhile, MCX Silver Sep is expected to rise towards the Rs. 114,000 level as long as it trades above the Rs. 111,500 level." as per the commodity report by ICICI Securities.

Spot Gold and Silver Prices Today

According to Reuters latest report, "Spot gold was steady at USD 3,354.83 per ounce as of 04:10 GMT, after hitting its highest point since June 23 earlier in the session. U.S. gold futures rose 0.2% to USD 3,371. Spot silver gained 1.2% to USD 38.82 per ounce."

"Spot gold is expected to rise further towards the $3400 level as demand for safe haven may increase after U.S. President Donald Trump's new tariffs on Canada, Mexico, the EU, and other trading partners rekindled trade tensions. The U.S. president ramped up his tariff assaults on its major trading partners. He said the U.S. will impose a tariff of 35% on Canada, 30% on Mexico and the EU, and blanket tariffs of 15% or 20% on most other trading partners starting 1st August. Targeted countries have less than 3 weeks now to reach a deal with Washington. Meanwhile, a sharp upside may be capped by a strong dollar and a rise in U.S. treasury yields." The ICICI Securities commodity report further stated.

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