Gold prices fall again in India, from Delhi to Chennai. Check today’s 22K and 24K gold rates along with silver price and market updates.
Gold prices in India witnessed a fresh decline on 6 July, with both 22-carat and 24-carat gold rates dropping across major cities. The fall comes after a strong rally seen over the past week in the bullion market.
Despite the recent dip, gold prices had increased significantly over the last seven days, rising by up to ₹2,780 for 24-carat gold and around ₹2,550 for 22-carat gold.
Gold Rates in Delhi and Other Cities
In the national capital, Delhi, 24-carat gold is priced at ₹1,46,870 per 10 grams, while 22-carat gold stands at ₹1,34,640 per 10 grams.
In Mumbai and Kolkata, 24-carat gold is trading at ₹1,46,720 per 10 grams and 22-carat at ₹1,34,490 per 10 grams. Chennai has recorded slightly higher rates, with 24-carat gold at ₹1,49,450 per 10 grams and 22-carat at ₹1,34,540 per 10 grams.
Other cities including Pune, Bengaluru, Jaipur, Lucknow, and Chandigarh also reported similar price trends with minor variations.
also read:- Gold Prices Rise Again In India: 22-Carat Gold At…
Global Market Influence
In the international market, spot gold is trading around $4,175.02 per ounce. Market experts believe global economic factors and demand trends are continuing to influence domestic prices.
According to JPMorgan, gold prices are expected to rise further this year, but the upside may remain limited. The investment bank estimates gold could reach $4,300 per ounce in Q3 and around $4,500 per ounce in Q4.
Silver Prices Also Witness Decline
Alongside gold, silver prices have also shown movement. On 6 July, silver is trading at around ₹2,49,900 per kilogram in the domestic market. Although silver saw a weekly gain of nearly ₹10,000 earlier, short-term corrections are now visible.
In the global market, spot silver is priced at approximately $62.47 per ounce.
Market Outlook
Analysts suggest that both gold and silver prices remain sensitive to global economic conditions, currency fluctuations, and demand patterns. Investors are advised to track market trends carefully before making investment decisions.
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