Gold Rate Today, July 31: 24K, 22K, 18K Prices Surges In Tanishq, Malabar, Kalyan, Joyalukkas And More

Gold rates today have surged for the second consecutive day this week, with 24k gold now trading at Rs.1,44,600 per 10 grams and 22k gold at Rs. 1,32,550 per 10 grams as of today, July 31st.

The rise in gold rate today is visible across major retail jewellery chains as well, with Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas all keeping higher gold rates today compared to Thursday's close.

The recovery in gold rate today is being recorded after a sharp correction earlier this week that had brought some relief to buyers stocking up ahead of the wedding season in India, when gold jewellery demand typically reaches peak.

Gold Rate Today At Tanishq

On Friday'Tanishq's 22 karat gold rate today stands at Rs. 1,33,000 per 10 grams, up Rs. 250 from the previous close. The 24k gold rate today is at Rs. 14,509 per gram, while the 18k gold rate today is at Rs. 10,882 per gram.

Gold Rate Today At Malabar Gold & Diamonds

At Malabar Gold & Diamonds, the 22k gold rate today is available at Rs. 1,32,550 per gram, while the 24k gold rate is at Rs. 1,44,600 per gram. The 18k gold rate at Malabar today works out to approximately Rs. 10,845 per gram.

Gold Rate Today At Joyalukkas

Joyalukkas gold rate for today, Friday, July 31 shows the 24 karat gold price at Rs. 1,44,600 per 10 gram and the 22 karat gold rate today at Rs. 1,32,550 per 10 gram, and the 18 karat gold rate today at Rs. 1,08,450 per gram.

Gold Rate Today At Kalyan Jewellers

At Kalyan Jewellers, the 22 karat gold rate today is at Rs. 13,255 per gram in cities like Bengaluru, Chennai Mumbai , Kolkata & more

Gold Rate Analysis
Gold rates in India are impacted by spot gold prices that fell below $4,100 an ounce on this morning. As per trading Economics, "The precious metal found support this week after the US Federal Reserve left interest rates unchanged despite mounting inflationary pressures stemming from renewed hostilities in the Middle East. However, expectations for tighter monetary policy continued to cap gains, with markets currently pricing in about a 63% chance of a Fed rate hike in September."