Gold prices rose on July 18, after a sharp fall. Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 97,320 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 18:
| City | Price of 24k gold | Price of 22k gold |
| Delhi | Rs 99,520/10g | Rs 91,250/10g |
| Mumbai | Rs 99,380/10g | Rs 91,100/10g |
| Chennai | Rs 99,380/10g | Rs 91,100/10g |
| Kolkata | Rs 99,380/10g | Rs 91,100/10g |
| Bengaluru | Rs 99,380/10g | Rs 91,100/10g |
| Jaipur | Rs 99,520/10g | Rs 91,250/10g |
| Lucknow | Rs 99,520/10g | Rs 91,250/10g |
| Hyderabad | Rs 99,380/10g | Rs 91,100/10g |
| Ahmedabad | Rs 99,420/10g | Rs 91,150/10g |
"Gold traded positive as the dollar index showed minor weakness and fresh geopolitical concerns resurfaced with the EU approving a new sanctions package on Russia, particularly targeting oil trade. This lifted sentiment in safe-haven assets, helping Comex gold reclaim the $3350 mark. The recent swing in gold remains range-bound and volatile between $3280–$3370. Focus now shifts to next week's speech by Fed Chair Powell, which could offer fresh cues on interest rate direction and influence gold's trajectory," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP 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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