Gold Price Today, 22 July 2025: Gold Crosses ₹1 Lakh Mark Ahead of Raksha Bandhan

As July draws to a close, gold prices have once again surged, creating a buzz in the bullion market. On Tuesday, 22 July 2025, the price of gold has crossed the ₹1 lakh mark, markinga significant high just weeks before the Raksha Bandhan festival. The increase is seen not only in gold but also in silver, making it a notable day for precious metal enthusiasts and investors alike.

Gold and silver have always played a major role in Indian culture, especially during festivals and wedding seasons. Ahead of Raksha Bandhan, demand typically rises, and this year is no different. On Tuesday, gold prices jumped by ₹1,140 per 10 grams, and silver rose by ₹2,000 per kilogram. After this rise, the price of 24-carat gold is now trending at ₹1,01,440 per 10 grams, while 22-carat gold is trading at ₹93,000. Meanwhile, silver has reached ₹1,18,000 per kilogram in many cities.

City-wise, 18-carat gold is priced at ₹76,090 in Delhi, ₹75,970 in Mumbai and Kolkata, ₹76,010 in Bhopal and Indore, and ₹76,500 in Chennai. For 22-carat gold, the rate is ₹92,900 in Bhopal and Indore, ₹93,000 in Jaipur, Delhi, and Lucknow, and ₹92,850 in Mumbai, Kolkata, and Hyderabad. In terms of 24-carat gold, it is priced at ₹1,01,340 in Bhopal and Indore, ₹1,01,440 in Delhi, Jaipur, and Lucknow, and ₹1,01,290 in Mumbai, Chennai, and Hyderabad.

Silver rates also vary by region. It is ₹1,18,000 per kilogram in Jaipur, Kolkata, Delhi, Mumbai, and Lucknow. However, in southern markets like Chennai, Hyderabad, and Madurai, the price of silver is even higher at ₹1,28,000 per kilogram.

Many people often wonder how to check if gold is pure. Gold purity is certified through BIS (Bureau of Indian Standards) hallmarks. 24-carat gold is considered 99.9% pure and is usually marked as “999”. Similarly, 22-carat gold is 91.6% pure and marked “916”. Lower purities like 21-carat and 18-carat are marked as “875” and “750”, respectively.

Pure 24-carat gold is typically used for coins and bars, not jewellery, because it is too soft. Most jewellers sell 22-carat or 18-carat gold, which is stronger and better suited for intricate designs.

This sudden jump in prices is influenced by both international market trends and domestic demand. With Raksha Bandhan approaching, many families plan to buy gold as a traditional gift, adding to the price rise. Currency fluctuations, global inflation, and increased investment demand have also contributed to the current price levels.

If you’re planning to buy gold or silver, it’s advisable to check the live rates and make purchases from BIS-certified jewellers. As prices continue to fluctuate, being informed and timely is key to making a smart investment during the festive season.