Gold rate today in India (July 7): Check 24K, 22K and 18K rates across cities
Gold prices remained largely unchanged on July 7 compared to the previous day, with only a marginal decline across all purity levels.
The price of 24-carat gold stood at ₹14,661 per gram on July 7, down by ₹1 per gram from ₹14,662 per gram on July 6. Similarly, 22-carat gold slipped to ₹13,439 per gram from ₹13,440 per gram, marking a decrease of ₹1 per gram.
Meanwhile, 18-carat gold was priced at ₹10,996 per gram on July 7, compared to ₹10,997 per gram on July 6, also recording a marginal fall of ₹1 per gram.
Overall, gold rates showed minimal movement, indicating a stable trend in the retail market.
| Purity | Price (Per Gram) |
| 24K Gold (99.9% purity) | ₹14,661 |
| 22K Gold (91.6% purity) | ₹13,439 |
| 18K Gold (75% purity) | ₹10,996 |
City-wise gold rate (1 gram)
| Cities | 24 Carat | 22 Carat | 18 Carat |
|---|---|---|---|
| Chennai | ₹14,792 | ₹13,559 | ₹11,299 |
| Mumbai | ₹14,661 | ₹13,439 | ₹10,996 |
| Delhi | ₹14,676 | ₹13,454 | ₹11,011 |
| Kolkata | ₹14,661 | ₹13,439 | ₹10,996 |
| Bangalore | ₹14,661 | ₹13,439 | ₹10,996 |
| Hyderabad | ₹14,661 | ₹13,439 | ₹10,996 |
| Thiruvananthapuram | ₹14,661 | ₹13,439 | ₹10,996 |
City-wise silver rate
| City | (10 grams) | (100 grams) | (1 kg) |
| Chennai | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Mumbai | ₹2,450 | ₹24,500 | ₹2,45,000 |
| Delhi | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Kolkata | ₹2,450 | ₹24,500 | ₹2,45,000 |
| Bangalore | ₹2,450 | ₹24,500 | ₹2,45,000 |
| Hyderabad | ₹2,450 | ₹24,500 | ₹2,45,000 |
| Kerala | ₹2,450 | ₹24,500 | ₹2,45,000 |
How is 22-carat gold price determined in India?
India does not produce enough gold domestically to meet its demand. While places like Kolar Gold Fields were once known for gold mining, operations there have been shut for years. As a result, the country depends heavily on imports to fulfil its gold requirements.
The price of 22-carat gold in India is largely influenced by the international price of imported gold, along with factors such as import costs, currency exchange rates, taxes, and other market conditions.
A significant share of gold imports is handled by government-owned banks, private sector banks and authorised private companies. These importers play an important role in determining wholesale gold rates, which eventually influence retail prices across the country.
Major Gold Importers in India
Some of the key banks and institutions involved in gold imports include:
State Bank of India
Bank of Baroda
Union Bank of India
Bank of India
Punjab National Bank
Yes Bank
With the number of private players entering the gold import market increasing over the years, the sector has expanded beyond traditional banking institutions. These importers collectively influence the supply chain and pricing of gold in India.