The precious metals market in India continues to captivate investors, jewellers, and ordinary citizens alike, with both gold and silver maintaining their status as preferred assets for safeguarding wealth. On July 29, 2025, the Indian market opened steady for gold and saw marginal positivity for silver, echoing broader international trends and local demand patterns.
Gold Rate Today: Stability At Historic Highs
On this day, the gold rate in major cities of India, including Bangalore, hovers near record levels. The 24 Karat gold price stands at approximately ₹9,739 per gram or ₹97,390 per 10 grams, while the 22 Karat gold trades at ₹9,275 per gram or ₹92,750 per 10 grams. The market reflects a remarkable phase of stability after the significant rally witnessed since early 2025. Notably, there was no change in rates compared to the previous day, reflecting a cautious optimism influenced by international cues.
Silver Price Today: Upward Momentum Continues
The silver price saw an uptick, trading at ₹116 per gram or ₹1,16,000 per kilogram. Specifically, in Bangalore, today’s price for 999 purity silver is around ₹1,160 per 10 grams. Silver has showcased an impressive upward trajectory, driven largely by robust industrial demand and global supply constraints. With a positive change in the past month, the white metal continues to assert its appeal for both industrial users and retail investors.
What’s Behind the Surging Demand? Key Factors Influencing Prices
1. Geopolitical Risks and Market Uncertainties
Ongoing geopolitical tensions and trade wars have nudged investors to seek refuge in safe-haven assets like gold. These uncertainties, coupled with economic fluctuations, bolster the demand for gold as a reliable store of value. Similarly, silver benefits from volatility due to its dual role in industry and investment.
2. Central Bank Accumulation
Central banks, especially from emerging markets, have ramped up their gold reserves in 2025, providing strong support to global prices. Their move away from the US dollar (de-dollarization) and preference for tangible reserves explain the sustained buying in bullion.
3. Currency Fluctuations and Dollar Weakness
Expectations of a weaker dollar have made gold more attractive, not just in India but across global markets. For Indian investors, the interplay between the rupee and dollar also directly affects local pricing, often amplifying price movements.
4. Industrial Demand for Silver
Unlike gold, silver is crucial to several industrial sectors, including electronics, renewable energy, and electric vehicles. The surging demand from these industries has tightened supply and added to the momentum in silver prices. Experts suggest silver remains undervalued historically, indicating potential room for price appreciation in the months ahead.
Recent Trends and Market Outlook
The market saw gold prices rally as much as 20.8% throughout 2024, with sustained gains continuing into 2025. Experts project a further 15-18% surge in prices during this year, especially as central banks and retail investors continue to accumulate the asset. Prolific demand and a favorable macroeconomic backdrop have fueled the yellow metal’s current stability.
Silver: Outperformance and Growth Potential
Silver has outperformed several asset classes in 2025, with prices rising 23% in the first half of the year. This robust performance is attributed mainly to “green” industrial usage and retail bullion demand. The forecast for silver remains optimistic, given its unique positioning both in industrial growth sectors and as an inflation hedge.
How Should Investors React?
For those considering an investment in precious metals, the current landscape suggests a blend of caution and opportunity. Gold and silver are both trading at relatively high levels, and while further appreciation is possible, investors should track global economic developments, geopolitical flashpoints, and currency movements. Long-term allocation in gold offers stability, while silver holds potential for growth, especially as industrial drivers persist.
Gold and Silver Price Table (Bangalore, July 29, 2025)
| Metal | Purity | Price per Gram | Price per 10 Grams | Price per Kg |
|---|---|---|---|---|
| Gold | 24K | ₹9,739 | ₹97,390 | – |
| Gold | 22K | ₹9,275 | ₹92,750 | – |
| Silver | 999 | ₹116 | ₹1,160 | ₹1,16,000 |
Conclusion: Why Precious Metals Remain Resilient
In 2025, gold and silver continue to command attention for their unique ability to hedge against risk, preserve capital, and participate in global economic cycles. As global and domestic factors remain in flux, their role in a balanced investment portfolio becomes ever more relevant. Whether for jewelry, investment, or industrial use, these metals remind us of their enduring value across generations.
Disclaimer: The above article is for informational purposes only and does not constitute investment advice. Gold and silver prices are volatile and subject to market risks. Please check with certified financial advisors or reliable sources before making any investment decisions. Prices mentioned are based on data available as of July 29, 2025, and may vary across locations and over time.
