Current Gold Prices: Market Trends and Insights for July 10, 2026
Gold Price Update for July 10, 2026
Gold prices experienced a downturn on July 10, 2026: The domestic bullion market saw a decline in gold prices during early trading on Friday. On the Multi Commodity Exchange (MCX), the futures for 24-carat gold scheduled for August delivery dropped by Rs 498, equating to a 0.34% decrease, bringing the price down to Rs 1,44,802 per 10 grams. The previous closing price was Rs 1,45,300 per 10 grams. The Indian Bullion and Jewellers Association (IBJA) reported the morning rate for 24-carat gold at Rs 1,43,656 per 10 grams, while Goodreturns indicated a retail price of Rs 1,43,390 per 10 grams.
Gold Rates in Major Cities:
| City | 24 Carat Gold Rate (10 grams) | 22 Carat Gold Rate (10 grams) | 18 Carat Gold Rate (10 grams) |
| Delhi | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Mumbai | Rs 1,43,240 | Rs 1,31,300 | Rs 1,07,430 |
| Kolkata | Rs 1,43,240 | Rs 1,31,300 | Rs 1,07,430 |
| Chennai | Rs 1,44,220 | Rs 1,32,200 | Rs 1,10,400 |
| Patna | Rs 1,43,290 | Rs 1,31,350 | Rs 1,07,480 |
| Lucknow | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Meerut | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Ayodhya | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Kanpur | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Ghaziabad | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Noida | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Gurugram | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Chandigarh | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Jaipur | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Ludhiana | Rs 1,43,390 | Rs 1,31,450 | Rs 1,07,580 |
| Guwahati | Rs 1,43,240 | Rs 1,31,300 | Rs 1,07,430 |
| Indore | Rs 1,43,290 | Rs 1,31,350 | Rs 1,07,480 |
| Ahmedabad | Rs 1,43,290 | Rs 1,31,350 | Rs 1,07,480 |
| Vadodara | Rs 1,43,290 | Rs 1,31,350 | Rs 1,07,480 |
| Pune | Rs 1,43,240 | Rs 1,31,300 | Rs 1,07,430 |
| Nagpur | Rs 1,43,240 | Rs 1,31,300 | Rs 1,07,430 |
| Nashik | Rs 1,43,270 | Rs 1,31,330 | Rs 1,07,460 |
| Bangalore | Rs 1,43,240 | Rs 1,31,300 | Rs 1,07,430 |
| Bhubaneswar | Rs 1,43,240 | Rs 1,31,300 | Rs 1,07,430 |
| Raipur | Rs 1,43,240 | Rs 1,31,300 | Rs 1,07,430 |
| Hyderabad | Rs 1,43,240 | Rs 1,31,300 | Rs 1,07,430 |
Market Trends and Insights:
Gold prices had already shown signs of weakness in the previous trading session. In Delhi, the price for 99.9% purity gold decreased by Rs 350, settling at Rs 1,48,100 per 10 grams, down from Rs 1,48,450. On the international front, spot gold saw an increase of $27.23, nearly 1%, reaching $4,104.75 per ounce. In the futures market, gold futures on the MCX rebounded, gaining Rs 1,038, or 0.72%, to close at Rs 1,44,749 per 10 grams. Meanwhile, August Comex gold futures in New York rose by $36.44, approximately 1%, to $4,118.84 per ounce.
Market analysts noted that buying at lower price points provided support after recent declines, and a weaker US dollar contributed positively to bullion prices. According to a commodity expert, spot gold traded around $4,106 per ounce following reports of reduced US military actions against Iran. Investors are now looking forward to upcoming US existing home sales data for insights into the Federal Reserve's interest rate trajectory, while a stable dollar and US bond yields indicate a cautious approach among investors. The expert also mentioned that tensions between the US and Iran are expected to remain contained, as a full-scale conflict would be detrimental to both parties.