Gold Rate in India Remains Unstoppable! 24K Rate Jumps After Crossing Rs 1 Lakh Mark on July 21; Buy or Wait?

Gold Rate in India Today: There has been a sharp jump in the price of gold in India on Monday, July 21, firming the precious metal's valuation (which was already higher than Rs 1 lakh). The surge in gold rate today has come amid heightened anticipation among investors about the future of United States tariffs, which will come into effect from 1 August. Back in India, rising gold prices have made it difficult for retail buyers to purchase the yellow metal.

Gold rates in India have surged significantly over the past few months in alignment with rising gold rates. Gold's safe haven rally is the result of volatile market conditions, geopolitical uncertainty and persistent trade tensions.

Gold Rate in India Today

Gold rate in India has increased significantly over the past few days. The price of 24 karat gold increased by Rs 11 to Rs 10,015 pe grams ( or Rs 1,00,150 per kilogram). Whereas the price of 22 karat gold in India increased by Rs 10 to Rs 9,180 per gram. Likewise, 18 karat gold rate in India surged by Rs 8 to Rs 7,511 per gram.

Because of the steep upward trajectory of gold prices in India, the precious metal remained one of the most inflated items in June, according to the Consumer Price Index inflation data released last week. Gold inflation was nearly 30% higher in June 2025 compared to its prices in the same month in last year.

Gold prices in India are above the Rs 1 lakh mark over the past three days. This is not the first time when gold rates have touched the Rs 1 lakh mark. But the continued upward trajectory has raised questions about whether gold prices will cool off soon or touch fresh highs?

Silver Rate in India Today

The price of silver in India remained stagnant on Monday while remaining at its all-time high level. The price of silver stood at Rs 116 per gram and Rs 1,16,000 per kilogram. Silver rates in India and across the world have surged significantly over the past few months amid rising uncertainty and industrial demand, but not as fast as gold. Additionally, the stark difference in silver and gold inflation trajectory has made the white metal's valuation more attractive compared to gold.

The gold and silver rates mentioned here are indicative and doesn't include other costs like making charges, GST, etc. Hence, retail jewellery buyers, as well as investors, must always reconfirm gold and silver rates with another authentic source as well.

International Gold Rates

International gold rates stood at $3,350 per ounce on Monday. Investors are closely observing the trade deal developments between the United States and European Union. But the US economic data released last week has brought the positive market sentiment among US investors.

Gold Rate Outlook

As the gold price continues to remain close to its all-time high mark, analysts believe that its price may fall because of profit booking. "Gold prices are expected to pullback. Traders can buy at 97800 with a stop loss of 97500 for the target at 98150-98400," noted Nirmal Bang in its report released on Monday.

In contrast to gold price outlook, silver prices, according to the brokerage, may see a surge later in the day. "Silver prices are expected to rise. One can buy at 112500 with a stop loss of 111500 for the target at 114000-115000," stated the report further.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.