Gold Above ₹98K: Is Your SIP Beating It?
Gold prices have crossed ₹98,000 per 10 grams in major Indian cities. Before you rush to buy or sell, here is what this price surge means for your savings, jewellery purchases, and investments.
10g of gold today buys roughly 490 cups of chai at ₹200 each — or 6 months of metro rides
Your 10 grams of 24K gold now costs more than ever before
Key Takeaways
Compare: Before buying physical gold, check Sovereign Gold Bond (SGB) or Gold ETF prices — you avoid making charges of 10–25%.
Review: If you hold gold jewellery or coins bought below ₹60,000 per 10g, consider whether selling now fits your financial plan.
Pause: Avoid panic-buying gold at all-time highs without a clear goal — gold is volatile and should not exceed 10–15% of your portfolio.
Gold prices have crossed ₹98,000 per 10 grams in major Indian cities. Before you rush to buy or sell, here is what this price surge means for your savings, jewellery purchases, and investments.
Here's what happened: 24K gold retail rates in cities like Delhi, Mumbai, and Kolkata have surged past ₹98,000 per 10 grams in July 2025.. Silver (999 purity) is also trading at elevated levels above ₹95,000 per kg, driven by global safe-haven demand.. Gold prices have risen over 20% in 2025 so far, outpacing most fixed deposit and debt mutual fund returns this year..
What you should do: Compare: Before buying physical gold, check Sovereign Gold Bond (SGB) or Gold ETF prices — you avoid making charges of 10–25%.. Review: If you hold gold jewellery or coins bought below ₹60,000 per 10g, consider whether selling now fits your financial plan.. Pause: Avoid panic-buying gold at all-time highs without a clear goal — gold is volatile and should not exceed 10–15% of your portfolio..
Gold ETFs and Gold Mutual Funds track MCX prices exactly — no making charges, no purity risk, and gains after 2 years are taxed at 12.5% flat, same as physical gold.
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- [1]“Gold, silver prices today, 17 July: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata” mint - money · 17 Jul 2026
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