Gold price today: MCX quoted ₹98,141 for 10 grams of 24-carat and ₹90,053 for 22-carat gold.
Prices of the precious Yellow metal rose for the fourth consecutive trading day today, amid Trump’s tariff announcements.(Unsplash/ representational)
Gold prices in India continued their upward momentum on Monday, rising for the fourth consecutive session. On the Multi Commodity Exchange of India Ltd (MCX), 10 grams of 24-carat gold were trading at ₹98,141, while 22-carat gold stood at ₹90,053 as of 10:40 am IST.
In the spot market, bullion rates were slightly higher, with 22-carat gold priced at ₹90,237 and 24-carat gold at ₹98,440 per 10 grams, reflecting a 0.23% increase over Friday’s close.
The upward trend comes against the backdrop of escalating trade tensions after U.S. President Donald Trump announced steep tariffs—35% on Canadian goods (effective July 11) and 30% on imports from Mexico and the European Union (effective August 1). These measures have fueled concerns of a prolonged global tariff battle.
Meanwhile, India is currently in talks with the U.S. to finalize a bilateral trade agreement. According to reports, Indian negotiators are expected to visit Washington soon to advance discussions on the proposed deal.
Here are the gold rates for July 14, 2025, in India’s major cities
| Indian cities | MCX gold rate(24 carat per 10 grams) | MCX silver rate(999 Fine per 10 grams) | Gold bullion rate(24 carat per 10 grams) | Silver bullion rate(999 Fine per kg) |
|---|---|---|---|---|
| Kolkata | ₹98,110 | ₹1,141.8 | ₹98,180 | ₹114,540 |
| Mumbai | ₹98,240 | ₹1,143.3 | ₹98,310 | ₹114,690 |
| Hyderabad | ₹98,390 | ₹1,145.1 | ₹98,470 | 114,870 |
| New Delhi | ₹98,070 | ₹1,128.7 | ₹98,140 | 114,490 |
| Chennai | ₹98,520 | ₹1,146.6 | ₹98,600 | ₹115,020 |
| Bengaluru | ₹98,310 | ₹1,144.2 | ₹98,390 | ₹114,780 |
Among major cities, gold prices remain the highest in Chennai and the lowest in New Delhi, both on MCX and in bullion markets.
Silver prices also witnessed a sharp rise. On July 14, as of 10:35 am IST, MCX quoted ₹1,14,688 per kilogram, while the bullion rate was at ₹1,14,830 per kilogram—a 1.38% jump from the previous close.