Gold rates in India have soared sharply, with 10 grams of 24 carat hitting above Rs 99,700 levels. Now, the price of 10 grams of gold is less than Rs 2,000 away from touching a new all-time high. 22-carat and 18 carats prices are also nearing their peak. On July 14, gold is expected to continue on its upside momentum as trade tensions and new tariffs make haven assets appealing. In the early hours of Monday, spot gold traded higher and near the $3,370 per ounce level.
Gold Prices Outlook On July 14:
According to Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, with the U.S. imposing fresh tariffs on Canada and Brazil, markets have begun pricing in the adverse implications of renewed trade tensions. The resulting uncertainty has once again turned sentiment in favour of gold, especially after recent price corrections due to Middle East de-escalation. Gold remains well-supported near Rs 95,000-Rs 95,500, while resistance is seen around Rs 99,500."
Gold rose to 3,364.12 USD/t.oz on July 14, 2025, up 0.22% from the previous day. Over the past month, Gold's price has fallen 0.59%, but it is still 38.87% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity, as per Trading Economics.
100 grams of gold prices stood at Rs 9,97,100 in 24 carat, at Rs 9,14,000 in 22 carat and Rs 7,47,900 in 18 carat. Meanwhile, 10 grams of gold prices were at Rs 99,710 in 24 carat, at Rs 91,400 in 22 carat, and Rs 74,790 in 18 carat.
Noteworthily, 100 grams of gold surged by Rs 7,100 on July 12 in 24 carat, followed by an upside of Rs 6,000 on July 11 and an upside of Rs 2,200 on July 10. However, gold prices had fallen by Rs 6,600 on July 9, and by Rs 5,400 on July 7. On July 8, the gold price was down by Rs 5,400.
This week, gold started on a volatile note, but gained momentum in the second half. Now, gold prices are up by 1.33% in July so far across carats.
The all-time high level of gold is Rs 101,680 for 10 grams and Rs 10,16,800 for 10 grams of 24 carat gold. The current price levels suggest that 100-gram and 10-gram gold rates are just Rs 19,700 and Rs 1,970 away from hitting new record highs.
MCX Gold, Silver Prices:
MCX Gold ended at Rs 97,830 per 10 grams on July 11th, up by Rs 12 or 0.01%. Surprisingly, MCX silver touched a new all-time high of Rs 1,13,111 per 1kg, rising by Rs 3,988 or 3.65%.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author or Greynium Information Technologies. The author, the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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