Gold Today Rate, 3 July: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
Gold continues to shine bright as an investment of choice and a symbol of security for Indian households. On Wednesday, July 3, 2025, gold prices registered a moderate rise in the domestic bullion markets, driven by global cues, weakening of the rupee, and steady demand from jewellers and investors. Prices of 18K, 22K and 24K gold moved upwards in most Indian metros, bringing attention to the ongoing fluctuations in the precious metal’s value.
Here’s a comprehensive look at today’s gold prices across key Indian cities, market trends, and what factors are influencing the surge.
📈 National Trend: Gold Prices Edge Upward
As of the morning of July 3, 24-carat gold prices across the country stood at ₹9,933 per gram, up by ₹44 from the previous day. Similarly, 22-carat gold traded at ₹9,105 per gram, marking a ₹40 increase. The price of 18-carat gold also saw an uptick, reaching ₹7,450 per gram, reflecting a consistent upward trend.
These gains come amid renewed interest in gold globally as investors seek safe-haven assets in uncertain economic environments, and the festive buying season nears in India.
🏙️ City-Wise Gold Rates (Per Gram)
| City | 24-Carat Gold | 22-Carat Gold | 18-Carat Gold |
|---|---|---|---|
| Delhi | ₹9,948 | ₹9,120 | ₹7,462 |
| Mumbai | ₹9,933 | ₹9,105 | – |
| Chennai | ₹9,933 | ₹9,105 | – |
| Kolkata | ₹9,933 | ₹9,105 | – |
| Bangalore | ₹9,930 | ₹9,102 | ₹7,447 |
| Ahmedabad | ₹9,928 | ₹9,100 | ₹7,440 |
Note: Prices may slightly vary depending on local jewellers and tax implications in respective states.
📊 Market Drivers: What’s Pushing Gold Prices Up?
Several key factors are contributing to the recent climb in gold prices:
- Global Economic Uncertainty: Persistent geopolitical tensions, especially in Europe and parts of Asia, have pushed investors toward safer assets like gold.
- Weakening Rupee: The Indian rupee has seen a mild depreciation against the US dollar, making imports of gold costlier and thereby increasing domestic prices.
- Festive Demand: With festivals such as Guru Purnima and Shravan around the corner, retail demand is expected to rise, further influencing prices.
- Central Bank Policies: Speculations around US Fed and RBI policy stances have also created a ripple effect in commodity markets.
🏦 MCX and Futures Market Update
On the Multi Commodity Exchange (MCX), gold futures maturing in August traded at around ₹97,470 per 10 grams, indicating strong investor sentiment. Silver prices also climbed slightly, following a bullish momentum.
Commodity analysts believe that gold may continue to remain firm through July, with a possibility of crossing ₹10,000 per gram for 24K gold, if global inflationary pressures persist.
🛍️ Consumer Outlook: Should You Buy Gold Now?
With prices moving upward but not yet peaking, many buyers are questioning whether this is a good time to invest in gold. Financial experts suggest:
- Long-Term Investors: This remains a favourable time, as gold acts as a hedge against inflation and currency volatility.
- Jewellery Buyers: If you’re planning a purchase for festivals or weddings, consider buying now before prices rise further in the coming weeks.
That said, buyers should always compare rates across jewellers and cities, and check for hallmark certifications when purchasing physical gold.
🔎 Hallmarking & Purity
Understanding gold purity is crucial when buying:
- 24K gold is the purest (99.9% purity) but too soft for jewellery.
- 22K gold (91.6% purity) is commonly used in making ornaments.
- 18K gold (75% purity) is more durable and mixed with alloys, often used in designer jewellery.
Always ensure that your jewellery carries a BIS Hallmark to confirm its authenticity and standard of purity.
📌 Summary: Key Takeaways from July 3 Gold Rates
- Prices rose slightly across all carat segments compared to July 2.
- Delhi and Mumbai saw 22K gold priced at ₹9,120/g and ₹9,105/g, respectively.
- Festive and wedding season demand is expected to further boost prices.
- Investment sentiment remains strong amid global economic concerns.
🛡️ Expert Tip:
“If you’re considering investing in gold, diversify across digital gold, sovereign gold bonds (SGBs), and jewellery. This protects you from price swings and gives better long-term returns.” – Ramesh Patel, Financial Analyst, Mumbai.
✅ Final Word
Gold continues to remain a reliable and culturally significant asset in Indian households. Whether you’re investing for security, future planning, or personal occasions, staying updated with daily prices and market trends helps make informed decisions.
As of July 3, 2025, the gold market appears poised for steady growth. With ongoing global uncertainty and festive demand on the horizon, the golden shine is likely to stay bright.
