Precious metals continue their upward trend this Saturday, with both gold and silver prices registering sharp gains in the Indian bullion market. If you’re planning to buy gold or silver during the holy month of Sawan, it’s essential to check the latest prices before stepping into the market.

According to the latest update from jewellers’ associations and bullion traders, 24 carat gold has crossed the ₹99,000 mark, while silver is trading close to ₹1.15 lakh per kilogram.

Let’s take a detailed look at today’s gold and silver prices across major Indian cities and understand how purity, hallmarking, and pricing work.

Gold and Silver Price Update – 12 July 2025

Gold Price Today (Per 10 Grams)

• 18 Carat Gold Rate: ₹74,910

• 22 Carat Gold Rate: ₹91,550

• 24 Carat Gold Rate: ₹99,860

Silver Price Today (Per 1 Kg)

• Silver Rate: ₹1,15,000

Gold has increased by ₹710 per 10 grams, while silver saw a sharp rise of ₹4,000 per kg compared to Friday’s rates.

City-Wise Gold Prices on 12 July 2025

Gold prices may vary slightly from city to city due to local taxes, transportation, and market conditions. Here’s the latest city-wise rate list:

18 Carat Gold Rates Today

• Delhi: ₹74,910 per 10g

• Kolkata & Mumbai: ₹74,790

• Indore & Bhopal: ₹74,830

• Chennai: ₹75,300

22 Carat Gold Rates Today

• Indore & Bhopal: ₹91,450 per 10g

• Delhi, Jaipur & Lucknow: ₹91,150

• Kolkata, Mumbai, Hyderabad & Kerala: ₹91,400

24 Carat Gold Rates Today

• Indore & Bhopal: ₹99,760 per 10g

• Delhi, Jaipur, Lucknow, Chandigarh: ₹99,860

• Hyderabad, Bengaluru, Mumbai, Kerala: ₹99,710

• Chennai: ₹99,710

City-Wise Silver Rates on 12 July 2025

1 Kg Silver Price Today

• Delhi, Mumbai, Jaipur, Kolkata, Lucknow, Ahmedabad: ₹1,15,000

• Chennai, Madurai, Hyderabad, Kerala: ₹1,25,000

• Indore & Bhopal: ₹1,15,000

The steep jump in silver prices indicates rising industrial demand and global market fluctuations.

What Is the Purity of Gold? How to Check It?

When investing in or buying gold jewellery, understanding purity and hallmarking is crucial. In India, the BIS Hallmark System ensures gold authenticity and purity standards.

Gold Purity by Carat: Explained

• 24 Carat Gold: 99.9% pure – marked as 999

• 23 Carat Gold: 95.8% pure – marked as 958

• 22 Carat Gold: 91.6% pure – marked as 916

• 21 Carat Gold: 87.5% pure – marked as 875

• 18 Carat Gold: 75% pure – marked as 750

Note:

• 24 Carat gold is too soft for jewellery. It’s mostly used for making coins or bars.

• Jewellery is commonly made using 18K, 20K, or 22K gold, as they are harder and more durable.

Always check the BIS hallmark on gold items to ensure authenticity. It includes:

1. BIS Logo

2. Purity in carats

3. Assaying centre identification mark

4. Jeweller’s registration number

5. Year of marking

Why Are Gold and Silver Prices Rising in July 2025?

Several factors are contributing to the recent surge in gold and silver prices:

 1. International Market Trends

Global economic uncertainty, inflation concerns, and volatile equity markets are pushing investors towards safe-haven assets like gold and silver.

 2. Sawan and Festive Buying

The holy month of Sawan has begun, during which religious ceremonies and weddings boost demand for gold jewellery, especially in North India.

 3. Weakening Rupee

A slight weakening of the Indian Rupee against the US Dollar has made imported gold costlier, directly impacting domestic prices.

 4. Central Bank Buying

Many central banks, including India’s RBI, are reportedly increasing gold reserves, influencing global demand and supply dynamics.

Investment Insight: Should You Buy Gold Now?

Buying gold during a price surge always raises the question—Is this the right time to invest?

Here are a few tips:

• If you’re buying for weddings or gifting, it might be wise to purchase soon before prices rise further.

• For long-term investment, consider Sovereign Gold Bonds (SGBs) or Digital Gold as they offer better transparency and eliminate making charges.

• Investors should also track global gold rates, interest rates, and domestic inflation to make informed decisions.

Tips for Buying Gold & Silver Safely

• Always buy BIS Hallmarked jewellery

• Take a bill/invoice with proper GST details

• Verify weight and purity with a trusted jeweller or karigar

• Consider buying from reputed stores or brands

• Ask about exchange policies and resale value

Gold and silver have once again proven their reputation as reliable stores of value, especially during uncertain times. With gold prices crossing ₹99,000 and silver nearing ₹1.15 lakh, the bullion market is buzzing with activity.

If you’re looking to buy jewellery or invest in precious metals, make sure to check city-wise gold rates, understand the karat purity, and only buy from certified sources.

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