Current Gold Prices in India: Trends and Insights for July 4, 2026
Gold Prices Remain High on July 4, 2026
As of July 4, 2026, gold prices in India are still close to their all-time highs, despite a slight dip in futures trading on the Multi Commodity Exchange (MCX). In the capital city, the price for 24-carat gold reached Rs 1,47,500 per 10 grams, including taxes. Meanwhile, MCX gold futures saw a minor decrease of Rs 13, or 0.01%, settling at Rs 1,47,365 per 10 grams in the morning session. The Indian Bullion and Jewellers Association (IBJA) reported a closing price of Rs 1,46,344 per 10 grams for 24-carat gold on the previous Friday. With bullion markets closed over the weekend, these rates will remain unchanged until Monday.
In the international market, spot gold was priced at $4,187.30 per ounce, indicating a robust performance in bullion prices. According to GoodReturns, the retail price for 24-carat gold is currently Rs 1,47,150 per 10 grams.
Gold Rates Across Major Cities
24K, 22K, 18K Gold Rates in Key Cities
| City | 24 Carat Gold Rate (10 grams) | 22 Carat Gold Rate (10 grams) | 18 Carat Gold Rate (10 grams) |
| Delhi | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Mumbai | Rs 147,000 | Rs 134,750 | Rs 110,250 |
| Kolkata | Rs 147,000 | Rs 134,750 | Rs 110,250 |
| Patna | Rs 147,050 | Rs 134,800 | Rs 110,300 |
| Lucknow | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Ayodhya | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Meerut | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Kanpur | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Ghaziabad | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Noida | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Gurugram | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Chennai | Rs 149,560 | Rs 137,000 | Rs 114,400 |
| Chandigarh | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Jaipur | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Ludhiana | Rs 147,150 | Rs 134,900 | Rs 110,400 |
| Guwahati | Rs 147,000 | Rs 134,750 | Rs 110,250 |
| Indore | Rs 147,050 | Rs 134,800 | Rs 110,300 |
| Ahmedabad | Rs 147,050 | Rs 134,800 | Rs 110,300 |
| Pune | Rs 147,000 | Rs 134,750 | Rs 110,250 |
| Nagpur | Rs 147,000 | Rs 134,750 | Rs 110,250 |
| Nashik | Rs 147,030 | Rs 134,780 | Rs 110,280 |
| Bangalore | Rs 147,000 | Rs 134,750 | Rs 110,250 |
| Vadodara | Rs 147,050 | Rs 134,800 | Rs 110,300 |
| Bhubaneswar | Rs 147,000 | Rs 134,750 | Rs 110,250 |
| Raipur | Rs 147,000 | Rs 134,750 | Rs 110,250 |
| Hyderabad | Rs 147,000 | Rs 134,750 | Rs 110,250 |
Factors Influencing Gold Prices
Reasons for Elevated Gold Prices
Gold prices surged significantly in the last trading session, increasing by Rs 3,000 per 10 grams in Delhi, from Rs 1,44,500 to Rs 1,47,500. This increase was fueled by favorable international trends and a weakening US dollar, enhancing the attractiveness of gold for global investors. In foreign markets, spot gold had previously risen nearly 1% to $4,070.04 per ounce, indicating a heightened demand for safe-haven assets.
Market Insights
Market analysts noted that the rise in gold prices was influenced by gains in international markets, while silver prices also saw an uptick due to both industrial and investment demand. A senior analyst from a financial services firm mentioned that gold prices experienced a slight increase as the US Federal Reserve Chairman's comments were less aggressive than anticipated, alleviating fears of an imminent interest rate hike. Another commodities expert pointed out that the weakening dollar, attributed to the strengthening of the Japanese yen, made gold more affordable for buyers using other currencies, thus boosting global demand. Additionally, positive market sentiment was noted following US President Trump's remarks on progress in US-Iran discussions.
Investors are currently awaiting the upcoming US non-farm payrolls report, which is expected to shed light on the labor market's strength and influence the Federal Reserve's future policy decisions.