Gold Prices in India Rise to ₹144,770 per 10 Grams for 24K Gold on July 1, 2026

On 1 July 2026, the price of 24K gold at ₹144,770 per 10 grams, reflecting a gain of ₹2,070 compared to its previous close. Meanwhile, 22K gold is at ₹132,706 per 10 grams. Gold prices in India are largely influenced by international spot gold rates, US dollar fluctuations, and import duties on Gold among other things. Gold prices in India continue to remain higher than in Dubai. On 1 July 2026 the price of 24K gold in India is at ₹144,770 per 10 grams, while in Dubai it is ₹132,361, reflecting a difference of ₹12,410 or 9.38%. Similarly, 22K and 18K gold prices in India were also about 9.38% costlier compared to the price of gold in Dubai , not accounting for fees, duties, and taxes. Gold prices are trending down on the back of a firm dollar and reinforced expectations of a tighter monetary policy by the US Federal Reserve . A stronger dollar usually makes gold costlier for buyers in other currencies, leading to weaker demand. Uncertainties in the Middle East added to the declines for gold as it has increased the expectations of rate hikes by the Fed. Additionally, firm US treasury yields also weighed on bullion , reducing the non-interest yielding assets appeal. ALSO READ RBI announces premature redemption price of SGBs redeeming on July 1; investors gain 359% in 5 years The yellow metal is trading near its eight-month low level as inflationary concerns and geopolitical tensions have weakened the safe-haven appeal of the asset. Gold has fallen nearly 28% from its January’s peak. Analysts suggest gold prices to remain range-bound in the near term, as better than expected US economic data and a firm dollar index continue to limit the scope of upside for the precious metal. Resilient US jobs data has boosted the probability of rate hikes by the Fed, over which investors are diverting towards interest yielding assets like bonds and currencies. Additionally, uncertainty on the US-Iran ceasefire continues to keep the yellow metal under pressure. Retail investors are advised to track not just domestic rates but also international trends before making buying decisions. ALSO READ Silver Rate Today 30th June 2026: Silver is up by 2.63%; check prices in Mumbai, Bengaluru, Hyderabad, Delhi, Ahmedabad