Gold prices continued to rise on July 22. Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 99,300 per 10 grams today.
Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on July 22:
| City | Price of 24k gold | Price of 22k gold |
| Delhi | Rs 1,01,440/10g | Rs 93,000/10g |
| Mumbai | Rs 1,01,290/10g | Rs 92,850/10g |
| Chennai | Rs 1,01,290/10g | Rs 92,850/10g |
| Kolkata | Rs 1,01,290/10g | Rs 92,850/10g |
| Bengaluru | Rs 1,01,290/10g | Rs 92,850/10g |
| Jaipur | Rs 1,01,440/10g | Rs 93,000/10g |
| Lucknow | Rs 1,01,440/10g | Rs 93,000/10g |
| Hyderabad | Rs 1,01,290/10g | Rs 92,850/10g |
| Ahmedabad | Rs 1,01,340/10g | Rs 92,900/10g |
"This week, the economic data release and the Fed chairman's speech may keep prices volatile. Near-term support is placed around the Rs 97,000 level, and we expect prices to trade with a positive bias in a range between Rs 97,000 and Rs 100,000. Additionally, a breakdown below the mentioned level will negate the bullish view," said Deveya Gaglani, Senior Research Analyst- Commodities, Axis Securities.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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