Noida, July 2 (APAC Media): Gold prices edged lower in the domestic retail market on Thursday, while silver continued its upward momentum, reflecting mixed trends in the bullion segment amid fluctuations in global markets.
Gold futures on the MCX closed higher, with August contracts rising 0.19% (₹260) to ₹144,680 per 10 grams. Prices moved in a range of ₹143,775–₹144,990 during the session.
The uptrend was supported by weaker-than-expected US jobs data and a decline in crude oil prices, which eased inflation concerns.
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WTI crude slipped over 1% to $70.82 per barrel after indirect talks between Iran and the US signalled reduced geopolitical tension.
Investors now await the US nonfarm payrolls report for further direction on the Federal Reserve’s interest rate outlook, while ongoing Middle East developments continue to influence bullion sentiment.
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According to the latest retail rates, 24-karat gold was priced at ₹144,340 per 10 grams in Delhi, while 22-karat gold stood at ₹132,312 per 10 grams. In Mumbai, 24-karat gold was quoted at ₹144,590 per 10 grams and 22-karat gold at ₹132,541. Kolkata recorded 24-karat gold at ₹144,190 per 10 grams and 22-karat gold at ₹132,174 per 10 grams.
Gold & Silver Price Chart (2 July 2026)
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) | 999 Silver (₹/kg) |
|---|---|---|---|
| Delhi | ₹144,050 | ₹132,129 | ₹231,290 |
| Mumbai | ₹144,800 | ₹132,817 | ₹231,180 |
| Kolkata | ₹144,760 | ₹132,780 | ₹231,670 |
| Bengaluru | ₹144,070 | ₹132,064 | ₹231,140 |
| Hyderabad | ₹144,100 | ₹132,092 | ₹231,360 |
| Chennai | ₹144,290 | ₹132,266 | ₹231,660 |
Silver prices, however, moved higher across major cities. Retail rates for 999 purity silver stood at ₹231,180 per kilogram in Delhi, ₹231,580 per kilogram in Mumbai and ₹230,740 per kilogram in Kolkata, indicating sustained demand for the white metal.
On the Multi Commodity Exchange (MCX), gold futures for August delivery were trading 0.17 per cent lower at ₹144,560 per 10 grams during the morning session.
Silver futures, meanwhile, gained around 0.71 per cent to trade at ₹231,850 per kilogram, outperforming gold in early trade.
Bullion prices continued to track global market movements, with investors closely monitoring developments related to interest rate expectations, currency movements and broader economic indicators.
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Analysts said fluctuations in international precious metal prices and changes in the rupee’s exchange rate against the US dollar remained key factors influencing domestic bullion rates.
Retail gold and silver prices vary across cities due to local taxes, transportation costs and dealer margins. In addition to the quoted rates, buyers are required to pay Goods and Services Tax (GST) and making charges while purchasing jewellery.
Market participants expect bullion prices to remain volatile in the near term as investors await fresh global economic cues.
Traders said demand from the jewellery sector is likely to improve ahead of the upcoming festive and wedding season, although international market trends will continue to determine the direction of gold and silver prices in the domestic market.
— Ends —
Disclaimer:
Gold and Silver prices are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
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