Last Updated:July 02, 2025, 09:37 IST
Gold Price Rises Today: In Mumbai, the price of gold stands at Rs 90,210 per 10 grams for 22-carat and Rs 98,410 per 10 grams for 24-carat.
Gold Price Today (July 2).
Gold Prices In India Today, July 02: Gold prices in India on Tuesday experienced a massive jump of Rs 1,140 after declining continuously post the Iran-Israel ceasefire. In Mumbai, the price of gold stood at Rs 90,210 per 10 grams for 22-carat and Rs 98,410 per 10 grams for 24-carat.
Silver also rose by Rs 100 in the morning session to trade at Rs 1,10,100 per kg in Mumbai.
However, in the futures market, gold futures (expiring on August 5, 2025) were trading marginally lower at Rs 97,200 per 10 gram, down by 0.05%, while silver (expiring on September 5, 2025) also saw a mild loss of 0.42%, reaching Rs 1,06,263 per kg.
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Precious metals extended gains as the dollar index plunged to a 3.5-year low and US 10-year bond yields fell to their lowest in two months, trading below 4.30%. Growing expectations of a rate cut by the Federal Reserve in September provided additional tailwinds for gold and silver. But gains were restricted by a strong JOLTS report, which showed May job openings rose to 7.77 million. The upbeat labour data limited momentum in bullion markets ahead of Friday’s employment report.”
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 90,360 | Rs 98,560 |
| Jaipur | Rs 90,360 | Rs 98,560 |
| Ahmedabad | Rs 90,260 | Rs 98,460 |
| Patna | Rs 90,260 | Rs 98,460 |
| Mumbai | Rs 90,210 | Rs 98,410 |
| Hyderabad | Rs 90,210 | Rs 98,410 |
| Chennai | Rs 90,210 | Rs 98,410 |
| Bengaluru | Rs 90,210 | Rs 98,410 |
| Kolkata | Rs 90,210 | Rs 98,410 |
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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