Gold Rate Today: 22 Carat Prices Rise Across Indian Cities on July 7

Gold Rate Today

Gold Rate Today: The price of 10 grams of 22-carat gold recorded a slight decrease from yesterday's price. Today, the 22-carat gold price per 10 grams is around Rs 67,650, and the 24k gold price in india is Rs 73,800.

On the previous day, the 22-carat gold price in India was priced at Rs 66,990, and the 24k gold price in india around Rs 73,080.

However, the price of silver per kilogram on July 7 is valued at Rs 94,800.

Let's take a look at city-wise gold prices in India:

As per the reports, the Gold rate today in Delhi is priced at 67,800, and on the other hand, the 24k gold price is around Rs 73,950.

In Mumbai, the 22-carat gold price per 10 grams is valued at 67,650 and the 24-carat per 10 grams is priced at 73,800.

In Chennai, 10 grams of 22-carat gold recorded a slight increase from yesterday's price of Rs 610, and 10 grams of 24-carat gold saw an increase of Rs 660.

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The price of 22-carat gold in Kolkata also rose to 67,650 per 10 grams today but the 24-carat gold recorded a drop of Rs 80 and was priced at 73,800.

In Gurugram, the Gold rate today is at Rs 67,800 with an increase of Rs 660 on July 6th, and the 24-carat gold was priced at 73,950 with an increase of Rs 720.

Livemint reported that in the past week, the price of 24k gold has recorded a decrease of -0.88% and last month the 24-carat gold saw a drop of -0.89 percent.

In the MCX, the gold contract which is expiring on October 2024 was trading at Rs.73,420 per 10 grams and the silver contract which is expiring on September 2024 was trading at Rs 93,595 per kilogram.

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Gold Rate Today: Factors Affecting Gold Prices

Several factors affect the gold price, some of them are:

Demand and Supply: The major factor that affects gold prices is demand and supply. When the demand for gold is more than its supply then the prices also increase and vice versa.

Geopolitical matters: Geopolitical matters also have a huge influence over gold prices. Economic issues and geopolitical problems such as an important leader's death or conflicts within countries influence the prices of gold.

Exchange rates: Gold is generally measured in dollars and if the value of the dollar is low then the price of gold increases.

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