Gold and Silver Prices Soar: A Safe Haven in Volatile Times

In an era marked by economic uncertainty and increased risk aversion, gold and silver are proving to be invaluable assets for investors seeking stability and impressive returns. Both precious metals have demonstrated remarkable resilience, not just globally but also within the Indian market, with experts predicting a continued upward trajectory.

The Glittering Performance of Gold

The yellow metal has been a shining star in investment portfolios, especially over the past two decades. Since 2005, gold prices in India have skyrocketed by an astonishing 1,200%, climbing from a modest ₹7,638 per 10 grams to surpassing the ₹1,00,000 mark by June 2025. This incredible growth isn't a one-off; gold has delivered positive returns in 16 of these 20 years.

This year alone, gold prices have seen a 31% surge year-to-date (YTD), consistently hitting new record highs. This performance firmly establishes gold as one of 2025's top-performing asset classes and a reliable hedge against market volatility. According to a report by ICICI Bank Global Markets, this upward trend is set to continue.

Silver's Sterling Comeback

Not to be outshone, silver has also shown robust performance, maintaining its price above the ₹1 lakh/kg mark for the past three weeks. Over the last two decades (2005-2025), the white metal has recorded a significant 668.84% gain, solidifying its position as a valuable addition to any investment strategy.

Experts are increasingly bullish on silver, citing its dual role as both an investment asset and an industrial metal, with growing demand from sectors like electric vehicles and green energy.

Today's Gold and Silver Rates (July 7)

As of 7:20 AM on July 7, the MCX gold index stood at ₹96,988 per 10 grams, while MCX silver prices were recorded at ₹1,08,438 per kilogram.

The Indian Bullion Association (IBA) reported 24-carat gold at ₹97,310 per 10 grams, with 22-carat gold priced at ₹89,201 per 10 grams. Silver 999 Fine was quoted at ₹1,08,520 per kilogram on the IBA website.

It's important for retail customers to remember that jewelers may add making charges, taxes, and GST to these rates, which will impact the final price.

Here's a snapshot of today's gold and silver prices across major Indian cities:

City-Wise Gold and Silver Prices on July 7:

Mumbai

Gold Bullion: ₹97,130/10 gm

MCX Gold: ₹96,988/10 gm

Silver Bullion: ₹1,08,330/kg

MCX Silver 999: ₹1,08,438/kg

Chennai

Gold Bullion: ₹97,410/10 gm

MCX Gold: ₹96,988/10 gm

Silver Bullion: ₹1,08,430/kg

MCX Silver 999: ₹1,08,438/kg

New Delhi

Gold Bullion: ₹96,960/10 gm

MCX Gold: ₹96,988/10 gm

Silver Bullion: ₹1,08,140/kg

MCX Silver 999: ₹1,08,438/kg

Hyderabad

Gold Bullion: ₹97,280/10 gm

MCX Gold: ₹96,988/10 gm

Silver Bullion: ₹1,08,500/kg

MCX Silver 999: ₹1,08,438/kg

Kolkata

Gold Bullion: ₹97,000/10 gm

MCX Gold: ₹96,988/10 gm

Silver Bullion: ₹1,08,180/kg

MCX Silver 999: ₹1,08,438/kg

Bengaluru

Gold Bullion: ₹97,210/10 gm

MCX Gold: ₹96,988/10 gm

Silver Bullion: ₹1,08,410/kg

MCX Silver 999: ₹1,08,438/kg