Gold and silver prices continued their strong run in both global and Indian markets, with gold maintaining above ₹97,000 per 10 grams and silver trading above ₹1.08 lakh per kilogram across major Indian cities on Saturday.
According to data from the Indian Bullion Association (IBA) and the Multi Commodity Exchange (MCX) at 9:20 AM on July 6, 24-carat gold was priced at ₹97,310 per 10 grams, while 22-carat gold stood at ₹89,201 per 10 grams. Silver (999 Fine) was quoted at ₹1,08,520 per kilogram.
Experts from ICICI Bank Global Markets report that gold and silver have proven to be safe-haven assets amid global uncertainties, with gold delivering over 1,200% returns over the past two decades. Silver too has shown remarkable growth, rising 668.84% between 2005 and 2025, and holding firm above ₹1 lakh/kg for three consecutive weeks.
| City | Gold (24K, ₹/10 gm) | Silver (₹/kg) |
|---|---|---|
| Mumbai | ₹97,130 | ₹1,08,330 |
| Delhi | ₹96,960 | ₹1,08,140 |
| Chennai | ₹97,410 | ₹1,08,430 |
| Hyderabad | ₹97,280 | ₹1,08,500 |
| Kolkata | ₹97,000 | ₹1,08,180 |
| Bengaluru | ₹97,210 | ₹1,08,410 |
The MCX gold price remained uniform across all cities at ₹96,988 per 10 grams, and MCX silver price was ₹1,08,438 per kilogram.
Gold has emerged as one of the top-performing assets of 2025, recording a 31% year-to-date (YTD) rise and achieving multiple record highs. Analysts predict continued momentum due to global economic uncertainty and risk-averse investor sentiment.
With over 16 positive years in the last 20, gold continues to act as a hedge against inflation and market volatility. Silver, too, is seeing renewed interest from retail investors due to its industrial demand and scarcity concerns.
