Gold Rate Today: 24, 22 and 18 Carat Prices Across Major Cities

Gold prices in India recorded a sharp increase on Friday, July 3, with rates rising across 18, 22 and 24 carat categories. The price of 24 carat gold stood at Rs 14,700 per gram, while 22 carat gold was priced at Rs 13,475 per gram and 18 carat gold at Rs 11,025 per gram. The latest rates reflected continued volatility in the domestic bullion market amid changing global and geopolitical conditions.

The price of 24 carat gold increased by Rs 322 per gram compared with July 2, while 22 carat gold became costlier by Rs 295 per gram. The rate of 18 carat gold also rose by Rs 241 per gram. Prices may vary across cities because of local taxes, transportation costs and other market factors, making regional rates different from the national benchmark.

Among major cities, Chennai recorded the highest rates, with 24 carat gold priced at Rs 14,956 per gram, 22 carat at Rs 13,700 and 18 carat at Rs 11,440. In Mumbai, Kolkata, Bengaluru, Hyderabad and Pune, 24 carat gold stood at Rs 14,700 per gram, while 22 carat and 18 carat gold were priced at Rs 13,475 and Rs 11,025 per gram, respectively.

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In Delhi, 24 carat gold was priced at Rs 14,715 per gram, while 22 carat gold stood at Rs 13,490 and 18 carat gold at Rs 11,040. Vadodara and Ahmedabad reported identical rates of Rs 14,705 per gram for 24 carat gold, Rs 13,480 for 22 carat and Rs 11,030 for 18 carat gold. Buyers are advised to check local rates before making purchases.

Gold prices continue to experience daily fluctuations despite some easing of geopolitical tensions. Developments in West Asia remain an important factor for global precious metal markets, with instability continuing to support demand for gold as a safe-haven asset. Domestic prices are also influenced by international bullion trends, customs duties, currency movements and changes in investor sentiment.

Earlier concerns over conflict in the Gulf and possible disruptions to shipping through the Strait of Hormuz had pushed fuel and precious metal prices higher. With the key maritime corridor operating normally and crude oil prices showing signs of easing, some pressure on gold and silver prices has reduced. However, continued uncertainty in global markets means domestic bullion rates are expected to remain volatile in the near term.

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