Gold prices have increased further in the country. On the morning of July 4, 24-carat and 22-carat gold prices rose in most cities. In the capital Delhi, the price of 24-carat gold has increased to ₹1,47,160 per 10 grams. A day earlier, the price of 99.9% pure gold had risen by ₹3,300 to ₹1,50,800 per 10 grams in Delhi’s bullion market. Demand for gold has increased due to rising prices in the international market and weakening of the dollar. In the international market, the price of spot gold is running at $4,181.50 per ounce.
Gold prices in major cities of the country:
Gold Price in Delhi: 24-carat gold price in Delhi is ₹1,47,160 per 10 grams. The price of 22-carat gold is ₹1,34,910 per 10 grams.
Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹1,34,760 per 10 grams, while the price of 24-carat gold is ₹1,47,010 per 10 grams.
Gold Prices in Chennai: 24-carat gold price is ₹1,49,570 per 10 grams. The price of 22-carat gold is ₹1,37,010 per 10 grams.
Prices in Pune and Bengaluru: The price of 24-carat gold in these two cities is ₹1,47,010 per 10 grams, and the price of 22-carat gold is ₹1,34,760 per 10 grams.
US Federal Reserve Board member Kevin Warsh signaled a less dovish stance than market expectations, reducing concerns about interest rate hikes soon. Weaker than expected US employment data is another reason expectations for interest rate hikes are diminishing. According to a Reuters report, the US Labor Department’s Bureau of Labor Statistics reported that non-farm payrolls increased by 57,000 jobs in June. JP Morgan estimates that there will be limited increase in gold prices this year.
price of silver
Like gold, the price of silver – another precious metal – is also increasing. On the morning of July 4, its price rose to ₹250,100 per kg. Silver prices are continuously rising due to increasing demand from both industrial and investment sectors. The spot price of silver in the international market is $62.45 per ounce.
