Gold Rate Today, July 2, 2026: Gold Price Slips Rs 1,280 per 10 gram as Profit-Booking Continues for Third Straight Session

Mumbai, July 2: Gold prices fell Thursday as investors continued to book profits for the third straight session after last week’s rally driven by tensions in West Asia. 

After Wednesday’s early bounce back, gold failed to hold on to gains and slipped Rs 1,280 to Rs 1,40,770 per 10 grams for 24 karat gold (99.9% purity) from Wednesday’s closing price at Rs 1,42,050. Meanwhile, gold rates for 22 karat gold (91.6% purity) dipped Rs 1,170 to Rs 1,29,040 per 10 grams from its previous closing price at Rs 1,30,210. Additionally, prices for 18 karat gold (75% purity) dipped Rs 960 to Rs 1,05,580 per 10 grams from Wednesday’s closing price at Rs 1,06,540. 

Gold had shown signs of consolidation on Wednesday with prices inching up by Rs 130 but sentiment turned negative Thursday and dropped below Rs 1,42,000 as renewed profit booking started. Clearly now, sellers are back in control of the gold market as safe-haven demand fuelled by escalation in West Asia has receded significantly as investors price in stability. 

Also Read: How to Invest in Gold for Beginners: Simple Start Guide 

Among cities, Chennai, Coimbatore and Madurai were found to be the costliest cities to buy gold followed by Delhi, Jaipur, Lucknow and Chandigarh. The prices of gold in Tamil Nadu city’s are the highest as 10 grams of 24 karat gold is retailing at Rs 1,44,560, followed by Rs 1,32,510 for 22 karat gold and Rs 1,10,710 for 18 karat gold. The price of gold is Rs 3,790 costlier in Chennai, Coimbatore and Madurai than the national price fix for 24 karat gold of Rs 1,40,770 because of the high level of local taxes charged by Tamil Nadu jewellers association as recommended price. 

Delhi, Jaipur, Lucknow and Chandigarh follow Chennai where 24 karat gold is available for Rs 1,40,920 for 10 grams. 22 karat gold comes for Rs 1,29,190 while 18 karat gold is priced at Rs 1,05,730 for 10 grams. The markup over the national price for 24 karat gold is Rs 150 and it has remained consistent throughout the week. 

Marginally above the national rate are Vadodara, Ahmedabad, Patna and Surat where 24 karat gold for 10 grams is priced at Rs 1,40,820 followed by Rs 1,29,090 for 22 karat gold and Rs 1,05,630 for 18 karat gold. These cities come with a markup of Rs 50 over the national price fix for 24 karat gold. 

Also Read: How to Invest in Gold Online 

Remaining at par with the national price are Mumbai, Kolkata, Bangalore, Hyderabad, Kerala, Pune, Vijayawada, Nagpur and Bhubaneswar. 

City wise gold prices above show the price trend across most jewellers in the said cities. All the cities except Chennai, Coimbatore and Madurai are following day-to-day price movements announced by MCX-SX (Multi Commodity Exchange of India Securities Limited). This shows that gold prices across India are following the movement dictated by the national commodity exchange, where as these three cities have independent price movement that hovers around 3-4% higher than rest of the country gold price. Gold prices provided here are indicative. GST of 3 per cent will be applicable at the time of purchase. Gold making charges will be extra as fixed by the jeweller. It can vary from Rs 3,000 to Rs 15,000 per 10 grams depending on the design. 

10 gm Gold Rates Across Major Indian Cities — Thursday, July 2, 2026 

Source

•  goodreturns.in. Rates as of Thursday, July 2, 2026. Wednesday rates sourced from goodreturns.in, July 1, 2026. All rates are indicative and subject to local taxes, making charges and GST at 3 per cent.