🏆 Gold Prices Today – July 8, 2025
Here are the latest 24 ct and 22 ct gold bullion rates (per 10 g) in major Indian cities:
| City | 24 ct (₹/10 g) | 22 ct (₹/10 g) |
|---|---|---|
| Mumbai | 97,220 | 89,311 |
| Delhi | 97,050 | 89,160 |
| Kolkata | 97,090 | 89,160 |
| Bengaluru | 97,290 | 89,175 |
| Hyderabad | 97,370 | 89,160 |
| Chennai | 97,530 | 89,010 |
Data derived from Mint’s city bulletins
Gold prices in India averaged around ₹96,320–97,320 per 10 g for 24 ct, with 22 ct near ₹89,000 per 10 g .
A mild shift from yesterday reflects mixed global cues, a firm dollar index, and rising treasury yields
📌 Why Gold Prices Vary by City
Local Demand & Supply Conditions: Regional holiday seasons, local festivals, and regional bullion demand can lead to slight pricing variances.
Transport & Handling Costs: Logistics and storage fees, along with dealer premiums, vary across cities.
Global Commodities Influence: Fluctuations in the international gold spot price, currency exchange rates, and import duties ripple through to these local rates.
💡 Market Overview
Global trends: A strong US dollar and higher treasury yields limited upside in bullion prices
Safe haven demand: Despite macroeconomic jitters and tariffs, gold remains a preferred hedge across India .
Long-term growth: Gold has consistently outperformed fiat over two decades, with prices rising approximately 1,200% since 2005
❓ FAQs
Q1: Why are 24‑carat prices higher than 22‑carat?
24‑carat gold is 99.9% pure, while 22‑carat is ~91.7% pure. Pure gold fetches a higher price per gram.
Q2: Can gold prices vary within the same city?
Yes. Small variations may occur due to jeweller premiums, making charges, and stock availability—not just bullish price differences.
Q3: What’s the relationship between global bullion prices and local rates?
International spot prices (in USD) are converted to INR based on the currency rate, import duties, and local costs—resulting in the city gold rate.
Q4: Why did 24‑ct Mumbai gold drop compared to yesterday?
A rise in US Treasury yields and a stronger dollar capped gains, especially influencing imported bullion prices
Q5: Is today a good time to buy gold?
That depends on your objectives: for short-term trading, watch global macro cues; for long-term savings, gold continues to be a reliable hedge.
Published : On 8th July
Published : Pankaj
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