Gold and Silver Prices in India Today, 29 July 2026: 24K Gold Rate Holds at ₹1,42,390, Silver Price Rises to ₹2,18,140 Ahead of Fed Decision
Gold and silver rate today in India, 29 July 2026: 24K gold held nearly flat at ₹1,42,390 per 10g while silver rose 0.77% to ₹2,18,140 per kg. Markets are in wait and watch mode ahead of the US Fed rate decision tonight. Check city wise gold and silver rate today and MCX data.
Gold is nearly unchanged today while silver is mildly higher. As of 2:00 PM IST, 24K gold is at ₹1,42,390 per 10 grams, up just 0.10% from yesterday's ₹1,42,250. Silver 999 Fine has risen to ₹2,18,140 per kg, up 0.77% from ₹2,16,480. MCX gold is barely changed, up just 0.03% to ₹1,41,666. MCX silver is up 0.79% to ₹2,17,550. Comex gold is flat at $4,040.40, and Comex silver is up 1.04% to $58.13. Markets are in a clear wait-and-watch mode ahead of the US Federal Reserve's interest rate decision due today.
City Wise Gold and Silver Rate Today in India, 29 July 2026
| City | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver (per kg) |
|---|---|---|---|
| Delhi | ₹1,30,524 | ₹1,42,390 | ₹2,18,140 |
| Mumbai | ₹1,30,374 | ₹1,42,230 | ₹2,18,140 |
| Chennai | ₹1,31,954 | ₹1,43,910 | ₹2,18,140 |
| Hyderabad | ₹1,30,374 | ₹1,42,230 | ₹2,18,140 |
| Bengaluru | ₹1,30,374 | ₹1,42,230 | ₹2,18,140 |
| Kolkata | ₹1,30,374 | ₹1,42,230 | ₹2,18,140 |
| Pune | ₹1,30,374 | ₹1,42,230 | ₹2,18,140 |
| Ahmedabad | ₹1,30,824 | ₹1,42,730 | ₹2,18,140 |
| Lucknow | ₹1,30,524 | ₹1,42,390 | ₹2,18,140 |
| Jaipur | ₹1,30,524 | ₹1,42,390 | ₹2,18,140 |
Rates are indicative bullion prices for 29 July 2026. Jewellery prices add making charges and GST. Chennai typically carries a premium over other cities.
Muskaan Kapoor
Gold Price Today: What Changed
Gold is nearly flat today at ₹1,42,390 per 10 grams, up just 0.10% from yesterday. MCX gold moved only ₹43 or 0.03% to ₹1,41,666 per 10 grams. The session high was ₹1,42,097, and the low was ₹1,41,232. Comex gold is also nearly unchanged at $4,040.40, up just 0.04%. This extremely tight range on both MCX and Comex tells the same story. Markets are not making big moves until the Fed announces its decision today.
Gold is down 2.72% from a week ago and just 0.29% below its level from a month ago. The monthly comparison is nearly flat, confirming that gold has broadly stabilised at current levels. Year on year, gold is up 44.15% from ₹98,780.
| Period | 24K Gold Rate (per 10g) | Change |
|---|---|---|
| Today (29 July 2026) | ₹1,42,390 | — |
| Yesterday (28 July 2026) | ₹1,42,250 | 🟢▲ Up 0.10% |
| One Week Ago (22 July 2026) | ₹1,46,370 | 🔴▼ Down 2.72% |
| One Month Ago (29 June 2026) | ₹1,42,810 | 🔴▼ Down 0.29% |
| One Year Ago (29 July 2025) | ₹98,780 | 🟢▲ Up 44.15% |
Silver Rate Today: What Changed
Silver is the positive mover today, up 0.77% to ₹2,18,140 per kg. MCX silver rose ₹1,710 or 0.79% to ₹2,17,550 per kg. The session high was ₹2,19,000 and the low was ₹2,16,321. Comex silver gained 1.04% to $58.13 per ounce, with a high of $58.46.
Silver is down 4.19% from a week ago and 2.21% from a month ago. Despite this week's weakness, silver's recovery from last week's $55 Comex low has been meaningful. Year on year, silver is up 91.17% from ₹1,14,110.
| Period | Silver 999 Rate (per kg) | Change |
|---|---|---|
| Today (29 July 2026) | ₹2,18,140 | — |
| Yesterday (28 July 2026) | ₹2,16,480 | 🟢▲ Up 0.77% |
| One Week Ago (22 July 2026) | ₹2,27,690 | 🔴▼ Down 4.19% |
| One Month Ago (29 June 2026) | ₹2,23,080 | 🔴▼ Down 2.21% |
| One Year Ago (29 July 2025) | ₹1,14,110 | 🟢▲ Up 91.17% |
MCX Gold and Silver Rate Today
| Metal | MCX Price | Change | High | Low |
|---|---|---|---|---|
| Gold (per 10g) | ₹1,41,666 | 🟢▲ Up ₹43 (+0.03%) | ₹1,42,097 | ₹1,41,232 |
| Silver (per kg) | ₹2,17,550 | 🟢▲ Up ₹1,710 (+0.79%) | ₹2,19,000 | ₹2,16,321 |
Source: Bullions.co.in. Last updated 29 Jul 2026, 14:00 IST.
MCX gold's intraday range of just ₹865 is one of the tightest seen in recent weeks. This confirms markets are holding their breath ahead of the Fed. MCX silver is more active today, showing some independent buying interest at current levels. The big move for both metals is likely to come after the Fed announcement, which is expected later today or in the US evening session.
The Big Event Today: US Fed Rate Decision
The US Federal Reserve is announcing its interest rate decision today. This is the single most important event for gold and silver this week. Here is what to expect in simple terms.
If the Fed keeps rates unchanged and signals no more hikes, gold and silver are likely to rise. A pause in rate hikes is positive for both metals. If the Fed raises rates or signals more hikes ahead, gold and silver could fall. Higher rates make gold and silver less attractive compared to interest-bearing investments like bonds.
Markets currently expect rates to stay unchanged today. But the tone of the statement from Fed Chair Kevin Warsh will matter just as much as the actual decision. Even a hold with hawkish commentary could pull prices lower.
Why Markets Are Quiet Today
- Fed Decision Due Tonight: The US Federal Reserve meeting outcome is the single biggest trigger for gold and silver this week. Until that is out, traders are not taking big positions in either direction.
- Gold Nearly Flat on Comex: Comex gold moved just $20 from low to high today. That is an extremely tight range, confirming the wait and watch mood globally.
- Silver More Active Than Gold: Silver is up 1.04% on Comex today while gold is barely changed. Some buyers are treating silver's recent dip as a buying opportunity ahead of the Fed outcome.
- MCX Following Global Cues: Both MCX gold and silver are broadly tracking Comex today with very little independent domestic movement.
FAQs
What is the gold rate today in India on 29 July 2026?
24K gold is at ₹1,42,390 per 10 grams today, up just 0.10% from yesterday's ₹1,42,250. 22K gold is at ₹1,30,524 per 10 grams. These are indicative bullion rates as of 2:00 PM IST. Jewellery prices at local shops will be higher due to making charges and GST.
What is the silver rate today in India on 29 July 2026?
Silver 999 Fine is at ₹2,18,140 per kg today, up 0.77% from yesterday's ₹2,16,480. MCX silver is at ₹2,17,550 per kg as of 2:00 PM IST. Comex silver is up 1.04% to $58.13 per ounce.
What will the US Fed decision mean for gold prices in India?
If the Fed holds rates and signals no more hikes, gold is likely to rise. A dovish outcome could push MCX gold back above ₹1,44,000 quickly. If the Fed raises rates or sounds hawkish, gold could slip further below ₹1,42,000. The announcement is expected in the US evening session, which means Indian markets will see the impact when MCX opens tomorrow morning.
