
Key Points
- Gold prices in India fell on July 7, 2025, following positive signals from US President Donald Trump on trade deals and tariff deadlines.
- 24K gold is trading at ₹98,290 per 10 grams nationally, with city rates varying slightly.
- International spot gold dropped to $3,311.32 per ounce, down 0.71% from the previous day.
- Gold rates are influenced by currency fluctuations, international market trends, and government policies.
- Despite the recent fall, gold remains a favored investment and cultural asset in India.
New Delhi: Gold prices in India declined on Monday, tracking a similar trend in global markets. The drop comes after US President Donald Trump indicated progress on several international trade agreements and announced changes to upcoming tariff deadlines, easing investor concerns and reducing safe-haven demand for gold.
National Gold Prices
- 24 Carat Gold (per 10 grams): ₹98,290 (down ₹540 from previous day)
- 22 Carat Gold (per 10 grams): ₹90,100 (down ₹500 from previous day)
Major City-Wise Gold Rates (per 10 grams)
City | 24K Gold (₹) | 22K Gold (₹) |
---|---|---|
Delhi | 98,440 | 90,250 |
Mumbai | 98,290 | 90,100 |
Bengaluru | 98,290 | 90,100 |
Kolkata | 98,290 | 90,100 |
Pune | 98,290 | 90,100 |
Chennai | 98,290 | 90,100 |
Hyderabad | 98,290 | 90,100 |
Ahmedabad | 98,330 | 90,150 |
Rates may vary slightly by retailer and do not include GST or other levies.
International Gold Market Trends
Gold prices are also down globally. On July 7, 2025:
- Spot Gold: $3,311.32 per ounce (down 0.71%)
- US Gold Futures: $3,322 per ounce (down 0.6%)
The fall is attributed to easing geopolitical tensions, progress in US trade talks, and a temporary pause in safe-haven buying as investors reassess risk.
What Determines Gold Prices?
Gold prices in India are set daily and depend on several factors:
- Currency Exchange Rates: Fluctuations in the rupee-dollar exchange rate directly impact gold prices.
- International Gold Prices: Changes in global spot and futures markets are quickly reflected in Indian rates.
- Customs Duty and Taxes: Government policies on import duties and GST affect retail prices.
- Market Sentiment: Demand during festivals, weddings, and investment cycles can push prices up or down.
Gold’s Cultural and Economic Significance in India
Gold holds a special place in Indian society, symbolizing prosperity and auspiciousness in ceremonies and weddings. It is also valued as a hedge against inflation and a safe investment during economic uncertainty. Despite the current dip, gold has delivered strong returns over the years and remains a core part of Indian household wealth.
The recent decline in gold prices offers both buyers and investors a potential entry point. However, with global trade dynamics and currency movements remaining volatile, experts recommend monitoring the market closely before making large purchases or investments.