Gold Today Rate, 9 July: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
As of Tuesday, July 9, 2025, gold prices across major Indian cities witnessed slight fluctuations, with 24-carat gold continuing to hover close to the ₹99,000 per 10-gram mark. With global cues and domestic demand driving minor movements, investors and consumers alike remain alert to daily changes in the bullion market.
Gold, often considered a safe-haven asset during uncertain economic periods, continues to be a preferred choice for Indian households. Whether it’s for weddings, investments, or festive occasions, the demand for gold—especially in its 22-carat and 24-carat forms—remains consistent across the country.
📍 Today’s Gold Rates: Key Cities Comparison
Here’s a snapshot of gold rates for 9 July 2025 in India’s top metro cities across different purities:
| City | 24K (per gram) | 22K (per gram) | 18K (per gram) |
|---|---|---|---|
| Mumbai | ₹9,887 | ₹9,061 | ₹7,414 |
| Delhi | ₹9,902 | ₹9,078 | ₹7,418 |
| Chennai | ₹9,887 | ₹9,063 | ₹7,414 |
| Kolkata | ₹9,887.50 | ₹9,063.50 | NA |
| Bengaluru | ₹9,885 | ₹9,061 | ₹7,414 |
| Hyderabad | ₹9,742.30 | NA | ₹7,395.63 |
Note: Prices may vary slightly at local jewellers due to additional making charges and taxes.
💰 Why Are Gold Prices Fluctuating?
Gold prices are influenced by a variety of factors:
- Global Market Trends
With the US Federal Reserve hinting at possible rate cuts in the upcoming months, international gold prices have steadied after last week’s minor drop. Global demand from central banks, geopolitical tensions, and inflation expectations are playing a role in maintaining gold’s upward trajectory. - Rupee-Dollar Exchange Rate
A weakening rupee against the dollar often makes gold costlier in India. On July 9, the rupee remained slightly volatile, contributing to marginal price changes across cities. - Local Demand and Festivals
While July is a relatively quieter month in terms of gold-buying festivals, local demand in cities like Chennai and Hyderabad often remains steady due to cultural preferences.
🛒 City-Specific Insights
- Mumbai: India’s financial capital reported a slight dip in 22K and 24K rates from the previous day, providing a good opportunity for small investors.
- Delhi: The national capital registered the highest gold prices among metros today. Strong retail demand and stable supply kept the prices firm.
- Chennai: Known for its year-round demand for gold, Chennai showed prices nearly identical to Mumbai’s, reflecting stability in the southern markets.
- Kolkata: Eastern India’s gold hub also mirrored the national average, offering buyers standard rates with minor local variation.
- Bengaluru & Hyderabad: While Bengaluru aligned with the national average, Hyderabad’s 24K price was noticeably lower, offering potential value for bulk buyers.
📈 Gold Price Trends This Week
- July 7: ₹98,950 per 10g (24K)
- July 8: ₹99,000 per 10g (24K)
- July 9: ₹98,870–₹99,020 per 10g (24K)
Despite the modest dips and rises, the overall price band has remained consistent within a narrow ₹150–200 range for 24-carat gold over the past three days.
🏦 Investment Perspective
Experts suggest that this week may offer a good window for long-term gold buyers, particularly in the 22K segment which is commonly used in jewellery. Investors looking to hedge against inflation or geopolitical uncertainties often consider gold a reliable asset.
Digital gold, sovereign gold bonds (SGBs), and gold ETFs also remain popular among tech-savvy investors who prefer avoiding physical storage.
⚖️ Carat Explained: What’s the Difference?
- 24 Carat: Purest form of gold (99.9% purity); ideal for investment; too soft for intricate jewellery.
- 22 Carat: 91.6% pure gold; suitable for jewellery; mixed with metals like copper or silver for strength.
- 18 Carat: 75% gold; used in designer jewellery; cheaper but lower in resale value.
Understanding these differences helps buyers choose gold as per their specific need—be it for wearing, gifting, or investing.
📝 Tips Before You Buy
- Check the hallmark: Ensure BIS certification is present for purity assurance.
- Compare rates: Use trusted websites or apps to compare city-wise prices.
- Understand making charges: These vary from 3% to 25% and affect the final price.
- Get an invoice: Always ask for a proper bill for legal and resale reasons.
🔮 Outlook for Gold
Market analysts expect gold to remain in the ₹98,500–₹99,500 range through mid-July, unless global central bank policies or crude oil prices take unexpected turns.
Any significant announcements from the Federal Reserve, European Central Bank, or major geopolitical developments may trigger stronger price movement later this month.
🌐 Conclusion
Whether you’re buying for a wedding or investing for the future, understanding daily gold rate changes empowers you to make smarter financial decisions. With prices showing relative stability today, July 9 is a good time for those considering gold as a secure, long-term asset.
