As of today, July 2, 2025, gold prices in India have shown some minor fluctuations across various cities. The price of gold is often influenced by global economic factors, inflation, and demand for gold in the jewelry sector. For investors and jewelry buyers, knowing the 18, 22, and 24-carat gold prices is crucial before making any purchasing decisions.

In this article, we break down the current gold prices across major cities in India, including Chennai, Bangalore, Hyderabad, Mumbai, and Delhi, to help you stay updated on the latest trends. As gold remains one of the most reliable and widely used assets for both investment and jewelry, these price updates are essential for anyone looking to buy or invest in gold.

Gold Price Overview: July 2, 2025

As per the latest updates from various market sources, the price of gold in India today stands as follows:

• 24 Carat Gold: ₹9,889 per gram

• 22 Carat Gold: ₹9,065 per gram

• 18 Carat Gold: ₹7,417 per gram

These rates are applicable nationwide but can vary slightly due to factors like taxation, import duties, and local market fluctuations.

Gold Prices in Major Indian Cities: July 2, 2025

Here’s a detailed breakdown of the gold prices in major cities:

Gold Prices in Delhi:

• 18 Carat Gold: ₹7,393 per gram (Yesterday’s price was ₹7,364 per gram)

• 22 Carat Gold: ₹9,035 per gram (Yesterday’s price was ₹9,000 per gram)

• 24 Carat Gold: ₹9,889 per gram (Standard market price)

In Delhi, the prices for 18 and 22-carat gold have seen a slight increase, with 22-carat gold rising by ₹35 per gram. The demand for gold in Delhi remains strong, especially due to the city’s active wedding season and high interest in gold investments.

Gold Prices in Mumbai:

• 18 Carat Gold: ₹7,418 per gram

• 22 Carat Gold: ₹9,065 per gram

• 24 Carat Gold: ₹9,889 per gram

Mumbai, the financial hub of India, also shows stable prices for 18, 22, and 24-carat gold. As one of the largest consumers of gold in the country, the city’s prices align closely with the national average. Gold in Mumbai remains a favorite for both jewelry buyers and investors.

Gold Prices in Chennai:

• 18 Carat Gold: ₹7,497 per gram

• 22 Carat Gold: ₹9,118 per gram

• 24 Carat Gold: ₹9,974 per gram

In Chennai, gold prices are slightly higher compared to other cities, with 22-carat gold priced at ₹9,118 per gram. The city is renowned for its high demand for gold jewelry, particularly due to the cultural significance of gold in Tamil Nadu.

Gold Prices in Bangalore:

• 18 Carat Gold: ₹7,412 per gram

• 22 Carat Gold: ₹9,056 per gram

• 24 Carat Gold: ₹9,891 per gram

In Bangalore, the gold prices are consistent with other major cities in India. The rise in demand for gold in Bangalore is attributed to the city’s growing middle class and its increasing interest in gold investments as a safe haven asset.

Gold Prices in Hyderabad:

• 18 Carat Gold: ₹7,425 per gram

• 22 Carat Gold: ₹9,075 per gram

• 24 Carat Gold: ₹9,889 per gram

In Hyderabad, the gold market remains strong with a steady demand for both investment-grade gold and gold jewelry. The city, known for its rich history of gold trade, maintains stable gold prices across different carat varieties.

Gold as an Investment: Why the Price Matters

Gold has consistently been one of the most popular investment assets in India. Over the years, it has established itself as an inflation hedge and a safe investment during periods of economic uncertainty. Investors often turn to gold during times of stock market volatility or geopolitical tensions, making gold prices highly sensitive to global and domestic events.

Gold’s price is typically affected by a range of factors, including:

• Global Economic Conditions: Gold is often seen as a safe-haven asset during periods of inflation, recession, or market instability.

• Currency Fluctuations: Gold prices are inversely related to the strength of the Indian Rupee (INR). When the INR weakens against the US Dollar, gold prices tend to rise.

• Demand and Supply Dynamics: High demand for gold, especially during wedding seasons or in times of festivals, can push prices higher.

Gold in India: Cultural Significance

Gold holds immense cultural value in India, especially in the form of jewelry. Indian families invest in gold during major life events such as weddings, festivals like Diwali, and newborn celebrations. In fact, India is one of the world’s largest consumers of gold, particularly in the form of gold ornaments.

Apart from jewelry, gold is also a preferred form of financial investment. Many investors buy gold in the form of gold bars, coins, or exchange-traded funds (ETFs) to diversify their portfolios.

How Gold Prices Impact Indian Households

The fluctuations in gold prices have a direct impact on Indian households, particularly those who are looking to buy gold for personal or investment purposes. Gold plays an important role in Indian society, both as a symbol of wealth and as a secure store of value.

The increase in the price of gold often leads to a surge in gold loans taken by families who need funds for weddings or other significant expenses. Conversely, a dip in gold prices can result in an increased demand for gold purchases, as consumers seek to take advantage of lower prices.

As of July 2, 2025, gold prices have remained relatively stable across major Indian cities, with minor fluctuations in 18 and 22-carat gold prices. Whether you are purchasing gold for jewelry or looking to make an investment, it’s essential to monitor gold prices closely, especially given the unpredictable global economic environment.

To get the most accurate and up-to-date gold price information, always check trusted sources or the local gold markets in your city. With gold continuing to be one of the most secure forms of investment and wealth storage, it’s important for potential buyers and investors to stay informed and make decisions based on the most current market trends.