Gold prices in India climbed across all major metropolitan markets on July 31, with spot rates for both 22-carat and 24-carat bullion increasing in key cities including Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, and Kolkata.
The broad-based advance marks a continuation of the upward momentum observed in previous sessions, as local demand and global spot trends supported higher valuations for the precious metal.
Traders noted that the rise in 24-carat gold prices was particularly pronounced, driven by both retail demand and institutional positioning.
The price increase was consistent across the country's primary trading hubs, reflecting sustained buying interest despite the high absolute levels.
Traders noted that the rise in 24-carat gold prices was particularly pronounced, driven by both retail demand and institutional positioning.
The movement aligns with broader global trends where gold has maintained its appeal as a safe-haven asset amid ongoing macroeconomic uncertainties.
This daily advance follows a similar pattern recorded on July 30, when gold prices also advanced across all major Indian markets.