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Gold Prices Today, July 7: In Mumbai, the price of gold stood at Rs 90,100 per 10 grams for 22-carat and Rs 98,290 per 10 grams for 24-carat.
Latest gold prices in India.
Gold Prices In India Today, July 07: Gold prices in India fell on Monday after US President Donald Trump signalled progress on multiple trade agreements and announced extended tariff reprieves for several countries, dampening demand for the safe-haven metal. In Mumbai, the price of gold stood at Rs 90,100 per 10 grams for 22-carat and Rs 98,290 per 10 grams for 24-carat.
The silver price stood at Rs 1,09,900 per kg in Mumbai.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading lower at Rs 96,555 per 10 gram, down by 0.45%, whereas silver (expiring on September 5, 2025) saw a decline of 0.14% to trade at Rs 1,08,274 per kg.
Aksha Kamboj, vice-president of the India Bullion and Jewellers Association and executive chairperson of Aspect Global Ventures, said, “Gold prices continue to edge lower amid uncertainty surrounding the Trump administration’s reciprocal tariff deadline. Also, increased deal-making announcements by some of the notable countries during the three-week period leading up to August 1 could further improve sentiment toward risk assets, adding downward pressure on bullion. However, upcoming festivals like Onam and Raksha Bandhan may help support demand for gold, with any price declines likely seen as an opportunity by buyers. That said, there are limited catalysts currently in place to drive prices significantly higher.”
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 90,250 | Rs 98,440 |
| Jaipur | Rs 90,250 | Rs 98,440 |
| Ahmedabad | Rs 90,150 | Rs 98,330 |
| Patna | Rs 90,150 | Rs 98,330 |
| Mumbai | Rs 90,100 | Rs 98,290 |
| Hyderabad | Rs 90,100 | Rs 98,290 |
| Chennai | Rs 90,100 | Rs 98,290 |
| Bengaluru | Rs 90,100 | Rs 98,290 |
| Kolkata | Rs 90,100 | Rs 98,290 |
In the international market, spot gold fell 0.6% to $3,314.21 per ounce by 0232 GMT. US gold futures were down 0.6% to $3,322.
The US is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, Trump said on Sunday, with the higher rates scheduled to take effect on August 1.
Trump announced in April a 10% base tariff on most countries, with additional duties of up to 50%. He later postponed the effective date for all but 10% of those tariffs until July 9. The new date grants a three-week reprieve to most affected nations.
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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