Gold Today Rate,1 July: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
As we enter July, gold continues to command attention both as a traditional investment and a key component of Indian culture. Whether you’re planning a wedding purchase or investing in gold for its long-term security, knowing the current prices is essential. On 1 July 2025, gold rates have seen a mild uptick across India, with 24-carat gold touching nearly ₹9,855 per gram in some cities.
Let’s take a city-wise look at today’s gold rates and understand the trend behind the prices.
📊 Today’s Gold Rates (Per Gram) – 1 July 2025
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Mumbai | ₹9,840 | ₹9,020 | ₹7,380 |
| Delhi | ₹9,855 | ₹9,035 | ₹7,393 |
| Chennai | ₹9,840 | ₹9,020 | ₹7,440 |
| Kolkata | ₹9,727 | ₹8,916 | ₹7,290* |
| Hyderabad | ₹9,830 | ₹9,010 | ₹7,370 |
| Bengaluru | ₹9,825 | ₹9,005 | ₹7,360 |
*Estimated based on market trends
🧭 Understanding the Gold Rate Movement
Gold prices in India are influenced by a variety of factors:
- Global Gold Rates: Indian gold prices track international markets, particularly COMEX and the London Bullion Market.
- Rupee-Dollar Exchange Rate: A weaker rupee against the dollar can push gold prices up in India.
- Local Demand: With July being a time when many Indians start planning for festival and wedding season, gold demand often rises.
- Import Duty & Taxes: Any changes in the government’s import policy directly affect the retail price.
On 1 July, the Multi Commodity Exchange (MCX) reflected gold trading at around ₹97,170 per 10 grams for 24K purity, marking a moderate increase of ₹500 from the previous week. This steady upward move indicates rising investor interest amid global uncertainties.
🪙 24K vs 22K vs 18K – What’s the Difference?
- 24K Gold: Pure gold (99.9% purity). Used for investment purposes like coins and bars.
- 22K Gold: Contains 91.6% gold. Ideal for making traditional jewellery due to better durability.
- 18K Gold: Contains 75% gold, often used in designer jewellery and modern ornaments. Cheaper but offers great style.
Each purity level affects not just price, but also its use. Jewellery buyers typically opt for 22K or 18K, while investors prefer 24K.
🔍 What’s Behind the Price Rise in July 2025?
Several key reasons are contributing to the gradual rise in gold prices:
1. Geopolitical Concerns
Ongoing tensions in Eastern Europe and currency instability in some emerging markets have led global investors to shift funds into safe-haven assets like gold. This global demand indirectly pushes up Indian rates.
2. Weakening Rupee
The Indian rupee has been under slight pressure against the US dollar in recent weeks, making imports—including gold—more expensive.
3. Domestic Demand
As monsoon reaches most parts of India, rural gold buying has picked up. Farmers traditionally invest in gold post-harvest. Additionally, the upcoming Raksha Bandhan and Teej festivals have led to an increase in retail jewellery sales.
🛒 Should You Buy Gold Today?
If you’re buying for long-term investment, buying on 1 July could be a prudent choice before prices increase further. However, gold is currently not at its lowest, so if you’re price-sensitive, it may be worth waiting for minor corrections.
That said, gold remains a strong hedge against inflation and currency fluctuations. Even financial advisors suggest allocating 5–10% of your investment portfolio into gold.
💍 Tips Before Buying Gold
- Always check purity: Ensure you’re buying BIS-hallmarked jewellery.
- Compare prices: Gold prices may vary slightly across jewellers and cities.
- Understand making charges: These charges can significantly affect the final price.
- Check buyback policies: In case you plan to sell in future.
🔗 Conclusion
Gold prices on 1 July 2025 reflect a steady market with slight upward momentum. In cities like Delhi and Mumbai, the rate for 24K gold has inched closer to ₹9,855 per gram, indicating rising demand. While 22K and 18K gold remain popular for jewellery buyers, investors are looking at 24K options as a secure avenue in uncertain times.
Whether you’re a jewellery shopper or an investor, staying updated on daily rates is the key to making smart decisions. As global and domestic factors continue to evolve, keeping an eye on trends will help you time your purchases better.
