Gold rises ₹250 to ₹99,020/10 g amid a pick-up in demand

Gold prices rose by ₹250 to ₹99,020 per 10 grams in the national capital on Monday (July 21, 2025) amid a pick-up in demand by stockists, according to the All India Sarafa Association.

On Friday, the precious metal of 99.9% purity had closed at ₹98,770 per 10 grams.

In the national capital, gold of 99.5% purity advanced by ₹250 to ₹98,550 per 10 grams (inclusive of all taxes) on Monday (July 21, 2025). It had closed at ₹98,300 per 10 grams in the previous market close.

Meanwhile, silver prices appreciated ₹500 to ₹1,11,000 per kilogram (inclusive of all taxes). On Friday, the white metal had ended at ₹1,10,500 per kg.

Bullion traders said that pick-up in demand helped the rally in the precious metal.

Globally, spot gold rose by $15.16 or 0.45% to $3,365.56 per ounce.

“Gold edged higher on Monday amid uncertainties related to U.S. tariff policy and a pullback in the U.S. Dollar, which provided support for precious metals prices,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

Mr. Gandhi further stated traders will closely monitor the U.S. trade agenda alongside key U.S. macroeconomic data, including provisional PMI figures, weekly unemployment claims, and durable goods orders.

Additionally, spot silver went up 0.73% to $38.47 per ounce in the overseas markets.

“Investors will closely track the U.S. Federal Reserve Chair Jerome Powell’s speech for further cues on interest rate direction and in turn trajectory for the bullion prices in the near term,” Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said.