BIG Drop In Gold Rate In India! 24, 22, 18 K Gold Falls By Rs 5,400 per 100 gram; Check Latest Rates on July 7

Gold Rate In India: Reversing its last week's gains, gold rates in India marked this week's beginning with a sharp drop of up to Rs 5,400. However, despite the decline, gold rates in India continued to stay close to their all-time highs. Unlike gold, silver rates in India remained stagnant on Monday, July 7.

Falling gold rate in India today aligns with a wider trend of international gold rates falling because of softening of safe-haven demand after the US signalled progress on several trade deals. For retail jewellery buyers in India, the favourable development is likely to encourage them to make purchases.

Gold Rate in India Today

The price of 24 karat gold in India declined by Rs 540 to Rs 98,290 per 10 gram on Monday. Likewise, the price of 22 karat gold in India today fell by Rs 500 to Rs 90,100 per 10 gram. The rate of 18 karat gold (also known as 999) fell by Rs 410 to Rs 73,720 per 10 gram.

Gold rate in India has increased significantly over 25% since the beginning of the year 2025 amid heightened geopolitical tensions and trade uncertainty.

Silver Rate in India Today

Silver rate in India today remained stagnant, but close to their all-time high mark. The price of silver in India today stood at Rs 110 per gram and Rs 1,10,000 per kilogram.

"Gold and silver prices are trading lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly lower for the day; as gold prices declined after gaining nearly 2% last week, as investors awaited developments in US trade negotiations ahead of a July 9 tariff deadline set by President Donald Trump," noted Nirmal Bang in its commentary.

Gold Rate Outlook: What Should Be Investors' Strategy?

"Gold prices are expected to correct. Traders can sell at 96800 with a stop loss of 97100 for the target at 96600-96300," according to Nirmal Bang.

For Silver, the brokerage added, "Silver prices are expected to rise. One can buy at 107000 with a stop loss of 106000 for the target at 108000-108500."

International Gold Price Today

The price of gold declined on Monday and plunged to its one-week low mark amid positive sentiment among global investors. The decline in international gold prices has come after the United States signaled progress on several trade deals and announced an extended tariff reprieve for some countries.

The international gold rate today stood at $3,310 per ounce, according to Trading Economics. The world is awaiting to gauge the impact of United States tariffs announced by US President Donald Trump. The Trump tariff deadline is expected to end on July 9. The new tariff rates are set to take into effect on August 1.

Gold Rate In Indian Cities

Following the decline in the gold rate today in India, the price of the precious metal has fallen across Indian cities including Delhi, Mumbai, Bangalore, Chennai, etc.

The price of 24, 22, 18 karat gold in Delhi stood at Rs 9,844, Rs 9,025, and Rs 7,384 per gram, respectively. Whereas, the Bangalore gold rate today stood at Rs 9,829 for 24 karat, Rs 9,010 per gram for 22 karat and Rs 7,372 per gram for 18 karat.

Mumbai gold rate today declined significantly and the revised prices were Rs 9,829 per gram for 24 karat gold, Rs 9,010 per gram for 22 karat and Rs 7,372 per gram for 28 karat.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.