Gold prices across major Indian cities saw mixed movements today, with a general trend of slight dips in 22 and 24-carat gold, while 18-carat gold also varied.
Gold Prices Today: A National Overview
As of July 4th, the national average for 24-carat gold is ₹9,873 per gram. For 22-carat gold, the price stands at ₹9,050 per gram, and 18-carat gold is available for ₹7,405 per gram.
These rates provide a benchmark, though prices can vary slightly depending on local market dynamics and daily fluctuations.
Why Gold Remains a Key Investment
Gold has consistently proven itself as a valuable asset, especially in times of economic uncertainty. It’s widely considered an excellent hedge against inflation, helping investors preserve their purchasing power as currency values shift.
Many investors are increasingly turning to gold, viewing it as a safe haven and a crucial component of a diversified portfolio.
City-Wise Gold Rates on July 4th
Delhi Gold Price
In Delhi today, 18-carat gold is priced at ₹7,417 per gram. For 22-carat gold, it’s ₹9,065 per gram, and 24-carat gold is selling at ₹9,888 per gram. Generally, prices in the capital saw a slight dip compared to yesterday.
Mumbai Gold Price
Mumbai’s market shows 18-carat gold at ₹7,405 per gram, a slight increase from yesterday. Meanwhile, 22-carat gold is ₹9,050 per gram, and 24-carat gold is ₹9,873 per gram. Trends were mixed in the financial capital.
Bangalore Gold Price
For Bangalore residents, 18-carat gold is currently ₹7,405 per gram. The price for 22-carat gold is ₹9,050 per gram, and 24-carat gold is ₹9,873 per gram. Gold prices in Bangalore mostly saw a small decline today.
Chennai Gold Price
Chennai’s gold market sees 18-carat gold at ₹7,470 per gram. 22-carat gold is available for ₹9,050 per gram, and 24-carat gold for ₹9,873 per gram. Prices in Chennai generally registered a modest dip from the previous day.
Hyderabad Gold Price
In Hyderabad, 18-carat gold is priced at ₹7,405 per gram. Buyers can find 22-carat gold at ₹9,050 per gram and 24-carat gold at ₹9,873 per gram. Similar to other major cities, Hyderabad experienced a minor reduction in gold rates today.
- India’s average gold rates for 24K, 22K, and 18K are ₹9,873, ₹9,050, and ₹7,405 per gram, respectively.
- Gold continues to be a strong hedge against inflation and a favored investment.
- Most major cities, including Delhi, Bangalore, Chennai, and Hyderabad, saw a slight dip in gold prices today.
- Mumbai experienced mixed trends, with 18-carat gold seeing a marginal rise while other carats dipped.
Staying informed about daily gold price movements is crucial for both investors and consumers, as rates can fluctuate based on various economic factors.
