Gold Rate Today (July 2, 2026): Gold prices continue to see volatility on Thursday, July 2, with both domestic and international markets showing signs of weakness. Early trading on the Multi Commodity Exchange (MCX) saw August gold futures decline by Rs 217, or 0.15 per cent, to Rs 1,44,213 per 10 grams. In the physical market, 24-carat gold in Delhi was quoted at Rs 1,44,500 per 10 grams, including taxes. Data from bullion traders showed the benchmark rate at Rs 1,44,740 per 10 grams, while the Indian Bullion and Jewellers Association (IBJA) listed 24-carat gold at Rs 1,41,632 per 10 grams on Thursday morning. According to GoodReturns, the retail price of 24-carat gold stood at Rs 1,40,930 per 10 grams.
Globally, spot traded lower at $3,986.07 per ounce, reflecting continued pressure from a stronger US dollar and elevated bond yields.
24K, 22K, 18K Gold Rate In Delhi, Chennai, Mumbai And Other Major Cities
| City | 24 Carat Gold (10 grams) | 22 Carat Gold (10 grams) | 18 Carat Gold (10 grams) |
|---|---|---|---|
| Delhi | Rs 140930 | Rs 129200 | Rs 105740 |
| Mumbai | Rs 140780 | Rs 129050 | Rs 105590 |
| Kolkata | Rs 140780 | Rs 129050 | Rs 105590 |
| Chennai | Rs 142910 | Rs 131000 | Rs 109400 |
| Patna | Rs 140830 | Rs 129100 | Rs 105640 |
| Lucknow | Rs 140930 | Rs 129200 | Rs 105740 |
| Kanpur | Rs 140930 | Rs 129200 | Rs 105740 |
| Meerut | Rs 140930 | Rs 129200 | Rs 105740 |
| Ayodhya | Rs 140930 | Rs 129200 | Rs 105740 |
| Ghaziabad | Rs 140930 | Rs 129200 | Rs 105740 |
| Noida | Rs 140930 | Rs 129200 | Rs 105740 |
| Gurugram | Rs 140930 | Rs 129200 | Rs 105740 |
| Chandigarh | Rs 140930 | Rs 129200 | Rs 105740 |
| Jaipur | Rs 140930 | Rs 129200 | Rs 105740 |
| Ludhiana | Rs 140930 | Rs 129200 | Rs 105740 |
| Guwahati | Rs 140780 | Rs 129050 | Rs 105590 |
| Indore | Rs 140830 | Rs 129100 | Rs 105640 |
| Ahmedabad | Rs 140830 | Rs 129100 | Rs 105640 |
| Vadodara | Rs 140830 | Rs 129100 | Rs 105640 |
| Appearance | Rs 140830 | Rs 129100 | Rs 105640 |
| Pune | Rs 140780 | Rs 129050 | Rs 105590 |
| Nagpur | Rs 140780 | Rs 129050 | Rs 105590 |
| Nashik | Rs 140810 | Rs 129080 | Rs 105620 |
| Bangalore | Rs 140780 | Rs 129050 | Rs 105590 |
| Bhubaneswar | Rs 140780 | Rs 129050 | Rs 105590 |
| Raipur | Rs 140780 | Rs 129050 | Rs 105590 |
| Hyderabad | Rs 140780 | Rs 129050 | Rs 105590 |
Why Gold Prices Remain Under Pressure
Gold extended its recent losses after a weak global trend weighed on investor sentiment. During Wednesday’s trading session, 24-carat gold in Delhi declined by Rs 1,300 to Rs 1,44,500 per 10 grams from Rs 1,45,800 a day earlier. At the same time, international spot gold slipped by $21.75, or 0.54 per cent, to $3,986.07 per ounce.
The futures market also reflected the weakness. On Wednesday, the August gold contract on the MCX fell by Rs 1,701, or 1.19%, to Rs 1,40,830 per 10 grams as traders trimmed their positions amid subdued spot demand. In New York, gold futures dropped 0.94 per cent to $3,970.15 per ounce.
What Market Experts Are Saying
According to news agency PTI, Gaurav Garg, Research Analyst, Lemon Markets Desk said that “gold prices in the domestic market remained under pressure on Wednesday due to strengthening of dollar and rising US bond yields, which affected the demand for this precious metal.”
Praveen Singh, Commodity Head, Mirae Asset Sharekhan, said that “spot gold in the overseas market fell for the third consecutive day and traded around $3,980 per ounce, as the US dollar index rose 0.15 percent to 101.34.”
Market participants believe the strengthening US dollar continues to weigh on bullion prices by making gold more expensive for overseas buyers, limiting fresh demand in global markets.