Gold Price in India Today (2nd July 2025) – State-wise 24K & 22K Rates | KhabriDose

Gold prices in India continued their upward momentum on July 2, 2025, driven by strong global demand, a weaker rupee, and ongoing geopolitical uncertainty. Across major cities, the price of 24-carat gold averaged around ₹9,840 per gram, while 22-carat gold was priced at approximately ₹9,020 per gram. The highest rates were observed in Delhi, where 24K gold reached ₹9,855 per gram and 22K was quoted at ₹9,035 per gram, reflecting slightly higher local premiums and demand.

In other key metropolitan areas like Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, and Pune, gold prices remained consistent with the national average—₹9,840 for 24K and ₹9,020 for 22K per gram. This uniformity across urban centers indicates a steady demand-supply balance and standardized pricing influenced by the Multi Commodity Exchange (MCX) benchmarks. Gujarat saw slight regional variations, with Ahmedabad recording a marginally higher price of ₹9,845 for 24K gold, while Vadodara matched the national trend.

The price for 10 grams of 24K gold stood at ₹98,400, while 22K was priced at ₹90,200, marking a moderate increase from the previous week. Market experts point out that gold has gained nearly ₹500 in the last few days, signaling growing investor interest amid global inflationary pressures and stock market volatility. According to analysts, prices may continue to rise through the second half of 2025, with some forecasts predicting levels of up to ₹1,10,000 per 10 grams within the next 12 months.

For consumers and retail buyers, especially those planning weddings or festivals, the current rates offer a critical decision point. While prices are already elevated, further increases are anticipated, making early purchases potentially cost-effective. Investment demand for gold ETFs and sovereign gold bonds has also picked up pace, indicating positive sentiment.

In summary, gold prices across Indian states on July 2, 2025, showed slight regional variation but remained largely consistent. The trend suggests continued strength in the yellow metal, reaffirming its role as a trusted hedge in uncertain times.