Archive · 31 Jul 2026
Gold Prices Clash: Decline on MCX, Rise in Retail
On July 31, 2026, people in India were buying and selling gold.
One report said the price on the big trading market, called the MCX, went down a little, so gold was a bit cheaper there.
Another report said that in cities like Delhi and Mumbai, the price for a small piece of gold went up a bit.
The price for a 24‑karat gold piece was about ₹14,460 per gram, and for a 22‑karat piece it was about ₹13,255 per gram.
In the city markets, the price for a 1‑gram 22‑karat piece was about ₹13,305, and for a 24‑karat piece it was about ₹13,970.
The two reports don’t agree, so it’s unclear whether the overall price went up or down.
This shows how gold prices can be different in trading markets and in local shops.
Gold prices fell 0.5% on the MCX, opening at Rs 1.42 lakh per 10 grams.
24‑karat gold was priced at Rs 14,460 per gram, 22‑karat at Rs 13,255, and 18‑karat at Rs 10,845.
Retail prices rose across all major Indian cities, with 1‑gram 22‑karat up ₹25 and 24‑karat up ₹26.
8‑gram prices increased, ranging from ₹1,06,040 to ₹1,12,600 depending on the city.
The two reports conflict, showing a decline on the exchange but a rise in retail markets.
- Who
- Indian gold market participants, including the Multi Commodity Exchange and retail jewellers
- What
- Gold price movement reported for July 31, 2026
- When
- July 31, 2026
- Where
- India, including the MCX and major cities such as Delhi, Mumbai, Chennai, Hyderabad, Ahmedabad, Bengaluru, and Kolkata
- Why
- Market demand and trading activity
- Date
- July 31, 2026
- MCX Movement
- Down 0.5%
- 24‑karat per gram
- ₹14,460
- 22‑karat per gram
- ₹13,255
- 18‑karat per gram
- ₹10,845
- Retail 1g 22‑karat
- ₹13,305
- Retail 1g 24‑karat
- ₹13,970
- Retail 8g 24‑karat range
- ₹1,11,760–₹1,12,600
