Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on July 16

Gold Prices Today: Urban Snapshot – July 16, 2025

India’s gold rates held steady at overnight levels across metro centres, with 24‑carat trading at ₹9,928 per gram and 22‑carat at ₹9,100 per gram, while 18‑carat hovered near ₹7,446 per gram—based on averaged rates quoted by leading jewellery outlets and market platforms

Market Underpinnings: Key Drivers Today

1. Global momentum & safe-haven flows
Gold futures climbed ~0.41% in New York to USD 3,338/oz, with domestic MCX August contracts firming by ₹49 to ₹97,260/10 gm, as heightened demand emerged amid risk-averse investor sentiment 

2. Inflation trends & central bank cues
Analysts point to moderating U.S. inflation and dovish signals from the Federal Reserve that are propping up gold’s appeal as a hedge. “Renewed safe-haven interest amid global uncertainty is keeping gold prices buoyant,” noted Commerzbank strategist in a recent report .

Expert Insight

“We’re watching closely to see if gold can break past the ₹1 lakh per 10‑gram level again—it hinges on how geopolitical risks and interest‑rate expectations evolve,” commented Rahul Sharma, Senior Analyst at Zenith Commodities 

Meanwhile, Nidhi Kapoor, Head of Commodity Research at Auctus Advisors, warns of resistance ahead: “Prices have drifted ~7% off the April peak of ₹99,358/10 g, and a failure to hold the 50‑day trough could signal a short-term pullback” 

Domestic Trends & Local Nuances

• Mumbai & Bengaluru: Prices remained flat, suggesting balanced demand and supply.

• Chennai: A slight premium for 18 K reflects regional jewellery preferences.

• Hyderabad: Sharply tracked MCX rates (~₹97,440/10 g) though retail premiums remain modest 

• Kolkata & Delhi: The mild edge in Delhi reflects stronger wedding-season demand and logistical variances.

Investor Outlook: What Lies Ahead?

Short term
Expect consolidation in the ₹9,900–10,000/gm range. Watch global cues—especially U.S. CPI data, Federal Reserve commentary, and geopolitical headlines—for directional impetus.

Medium to long term
Analysts maintain a bullish stance:

• A move to ₹1,10,000/10 g by mid-2026 is considered feasible amid persistent global instability 

• Looming support lies between ₹8,800–9,000, offering buying opportunities in the event of a deeper dip .

For investors

• Short-term traders: consider using tight stop-losses near the 50-day moving average.

• Long-term investors: accumulation during minor corrections ahead of the festive/wedding season may prove prudent.

Takeaway for Urban Consumers

While minor intraday fluctuations remain typical, gold retains its appeal as a reliable store of value. Mumbai, Bengaluru, Hyderabad, Chennai, Delhi, and Kolkata residents can access gold at standard rates today, with only small inter-city premiums—reflecting a relatively uniform market. Stay alert to global macro updates, especially around U.S. inflation and geopolitical risk, which will likely shape June–July momentum. Investors and consumers alike should view current price bands as a potential entry zone—particularly for long-term holding.