Gold Price Today: MCX Holds Gain as Yen Intervention Weighs on Dollar
- July 31, 2026
- Posted by: Ankit Jaiswal
- Category: News
Gold price today: MCX August contract Rs 1,41,600/10g (-0.13%). Delhi 24K Rs 1,43,660/10g. International spot gold $4,080-4,110/oz. Two-day gain on dollar weakness.
Gold price today is holding onto a two-day gain, supported by a sharp decline in the US dollar after Japan intervened in the currency market to bolster the yen, a move that has kept safe-haven demand for the metal intact.
On the MCX, the August contract stood at Rs 1,41,600 per 10 grams, down a marginal 0.13% from the previous close of Rs 1,41,781, even as retail gold rates across most Indian cities moved higher compared to the prior session.
Click Here – Get Free Investment Predictions
MCX and City-Wise Gold Rates
| Market / City | Rate |
|---|---|
| MCX Gold (August Contract) | Rs 1,41,600 per 10g (-0.13%) |
| MCX Gold (October Contract) | Rs 1,43,031 per 10g (-0.18%) |
| Delhi 24K Gold | Rs 1,43,660 per 10g |
| International Spot Gold | $4,080 to $4,110 per ounce |
| COMEX Gold Futures | Near $4,031.70 per ounce |
Why the Rate Is Holding Firm
Check the Univest Screener for commodity-linked stocks
The stability comes largely from dollar weakness rather than fresh domestic demand, after Japan’s coordinated currency intervention triggered a sharp slide in the greenback. A weaker dollar typically makes gold more attractive for buyers holding other currencies, which has helped offset the mild dip in MCX futures.
Investors are also continuing to weigh safe-haven demand against expectations that the US Federal Reserve could hold interest rates steady for longer, a combination that has kept gold trading in a firm range even as day-to-day moves stay modest.
What’s Next This Week
The near-term direction will likely hinge on how the dollar reacts to the Bank of Japan’s upcoming policy decision, along with any fresh developments in the geopolitical situation that has kept safe-haven flows elevated in recent sessions. A further slide in the dollar would likely support bullion, while a stabilising yen could ease some of the current tailwind.
Download the Univest iOS App or Univest Android App to track live gold and commodity rates.
Conclusion
Bullion remains supported by dollar weakness tied to Japan’s currency intervention, even as MCX futures posted only a marginal decline. Investors tracking gold price today should watch the Bank of Japan’s policy decision and broader dollar trends closely, since these remain the key drivers of near-term price direction.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Gold price today
What is the gold price today on MCX?
Ans. The gold price today on MCX for the August contract stood at Rs 1,41,600 per 10 grams, down a marginal 0.13% from the previous close.
Why is gold price today holding a two-day gain?
Ans. Gold price today is being supported by a sharp decline in the US dollar following Japan’s currency intervention to bolster the yen, which has kept safe-haven demand for gold intact.
What is the international spot gold price today?
Ans. International spot gold was trading in the range of $4,080 to $4,110 per ounce, with COMEX gold futures near $4,031.70 per ounce.
What is the 24K gold price today in Delhi?
Ans. The 24K gold price today in Delhi stood at approximately Rs 1,43,660 per 10 grams, moving higher compared to the previous session.
How does a weaker dollar affect gold price today?
Ans. A weaker US dollar generally makes gold cheaper for buyers holding other currencies, which typically supports gold price today and demand from international buyers.
What could move gold price today going forward?
Ans. The Bank of Japan’s policy decision, US Federal Reserve rate expectations and any escalation in geopolitical tensions are the key factors likely to influence gold price today in the coming sessions.
Should I buy gold based on today’s price movement?
Ans. Gold purchase decisions should be based on individual financial goals and risk appetite; consult a SEBI-registered financial advisor before making any investment decision.
