Gold Price in India Today (7th July 2025) – State-wise 24K & 22K Rates

On Monday, 7 July 2025, India’s 24‑carat gold prices remained broadly consolidated, maintaining a stable rhythm across major states following minor weekend fluctuations. According to bullion sources, the national average rate closed near ₹9,188 per gram (approximately ₹91,880 per 10 grams), showing little movement from ₹9,172–9,188 per gram recorded earlier in the week. Historical pricing data highlights 2–4 July levels between ₹9,137 and ₹9,238 per gram, underscoring a tight trading range heading into today .

State capital and metro markets, including Delhi, Mumbai, Chennai, Bengaluru, Kolkata, Hyderabad, Pune, Ahmedabad, and Kerala, uniformly traded at this ₹9,188/g benchmark. Minor local variances—typically ±₹10–15 per gram—were absorbed by routine factors like state taxes and handling charges, leaving a sense of pricing cohesion nationwide .

Analysts suggest the current stability is rooted in recent global trends: a resilient U.S. dollar, slightly cooling bullion futures on COMEX, and the Indian rupee holding firm. International cues, coupled with reduced speculative momentum, have translated into a consolidation phase back home. Markets have moved away from the brief early-July spike to above ₹9,300/g, retracing to levels last seen in late June .

In the jewelry sector, retailers across Tamil Nadu and Kerala report cautious footfall, with consumers postponing large purchases perhaps waiting for new dips. However, wedding and monsoon-season demand is expected to infuse momentum soon. Meanwhile, 22‑carat gold continues to lag roughly 8 % behind 24K pricing, hovering around ₹8,400–8,450 per gram—consistent with normal purity discounts .

Looking ahead, forecasters see gold trading within a range of ₹9,100 to ₹9,600 per gram through mid‑July, contingent on global equities, U.S. inflation data, and shifting rupee‑dollar dynamics . On the long horizon, bullish sentiment prevails: safe-haven demand amid geopolitical uncertainty could propel prices beyond ₹1.10 lakh per 10 g by late 2025, analysts note.

For now, 7 July marks a day of calm in the bullion markets—highlights of national uniformity, cautious consumer behavior, and strategic watch on international triggers. As the festive season approaches, both investors and households will be following gold prices closely for any early signs of a rally.