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Gold Prices Today, July 4: In Mumbai, the price of gold stands at Rs 90,500 per 10 grams for 22-carat and Rs 98,730 per 10 grams for 24-carat.
Gold Prices Today, July 4.
Gold Prices In India Today, July 04: Gold prices in India rose on Friday after US President Donald Trump’s tax-cut and spending bill passed in Congress, raising fiscal concerns. In Mumbai, the price of gold stood at Rs 90,500 per 10 grams for 22-carat and Rs 98,730 per 10 grams for 24-carat.
The silver price stood at Rs 1,10,000 per kg in Mumbai.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading higher at Rs 97,110 per 10 gram, up by 0.34%, whereas silver (expiring on September 5, 2025) saw a gain of 0.12% to trade at Rs 1,08,370 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 90,650 | Rs 98,880 |
| Jaipur | Rs 90,650 | Rs 98,880 |
| Ahmedabad | Rs 90,550 | Rs 98,780 |
| Patna | Rs 90,550 | Rs 98,780 |
| Mumbai | Rs 90,500 | Rs 98,730 |
| Hyderabad | Rs 90,500 | Rs 98,730 |
| Chennai | Rs 90,500 | Rs 98,730 |
| Bengaluru | Rs 90,500 | Rs 98,730 |
| Kolkata | Rs 90,500 | Rs 98,730 |
In the international market, spot gold rose 0.1% to $3,329.67 per ounce, as of 0221 GMT. Bullion is up 1.7% this week. US gold futures inched down 0.1% at $3,339.30.
Trump’s tax-cut legislation cleared its final hurdle in the U.S. Congress on Thursday, which will fund his immigration crackdown, make his 2017 tax cuts permanent and deliver new tax breaks that he promised during his 2024 campaign.
Through this bill “we’re not making any progress on getting our fiscal house in order here in the U.S., so in longer run, it should be bearish for the dollar and bullish for gold,” Marex analyst Edward Meir said.
The nonpartisan Congressional Budget Office estimates the legislation would add $3.4 trillion over a decade to the nation’s $36.2 trillion debt.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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