📉 Gold Rate Today, July 1: Prices Drop Across 24K, 22K, and 18K Gold in Major Indian Cities
The gold market opened on a softer note today, July 1, 2025, as prices of 24-karat, 22-karat, and 18-karat gold registered a slight decline across major Indian cities including Delhi, Mumbai, Hyderabad, Chennai, Bengaluru, and Kolkata.
This fall comes amid global cues pointing to a stronger U.S. dollar, firm treasury yields, and uncertainty over central bank policies. Domestic demand remains steady but cautious as retail buyers watch prices closely.
💰 Today’s Gold Prices in Major Cities (per 10 grams)
| City | 24K Gold (₹) | 22K Gold (₹) | 18K Gold (₹) |
|---|---|---|---|
| Delhi | 73,240 | 67,100 | 55,050 |
| Mumbai | 73,050 | 66,920 | 54,900 |
| Hyderabad | 73,050 | 66,920 | 54,850 |
| Chennai | 73,500 | 67,300 | 55,200 |
| Bengaluru | 73,000 | 66,900 | 54,870 |
| Kolkata | 73,200 | 67,050 | 55,000 |
Note: Prices may vary slightly depending on local taxes and making charges.
📈 What’s Driving Today’s Price Movement?
Global Dollar Strength: A stronger U.S. dollar is putting pressure on gold prices globally, leading to corrections in Indian markets.
Profit Booking: Investors may be booking profits after a recent rally in bullion markets.
Low Retail Momentum: With wedding season largely over and monsoon setting in, retail gold demand has temporarily softened.
🔍 Is This a Good Time to Buy Gold?
Market experts suggest that short-term corrections like today’s can be a good opportunity for long-term investors or buyers looking for price dips. However, it’s advisable to track international trends and local dealer pricing before making significant purchases.
❓ FAQs: Gold Rate Today in India
Q1. Why did gold prices drop today in India?
Gold prices dropped due to global factors such as a stronger U.S. dollar and subdued retail demand in domestic markets.
Q2. What is the price of 24K gold in Delhi today?
As of July 1, the price of 24K gold in Delhi is ₹73,240 per 10 grams.
Q3. Which city has the lowest gold rate today?
Mumbai and Hyderabad are offering relatively lower gold rates compared to Delhi and Chennai.
Q4. Are gold prices expected to rise again this month?
While short-term corrections are possible, global uncertainty and central bank cues will determine further price direction.
Q5. Is 22K gold suitable for investment?
Yes, 22K gold is widely used for jewelry and long-term investment in India. However, 24K gold is preferred for bullion and coins due to higher purity.
Published on: July 01, 2025
Uploaded by: Pankaj
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