Gold Rate in India Jumps Rs 16,300 per 100 gram In 2 Days; Check 24, 22, 18K Gold Rate In Cities On July 2

Gold Rate in India Today: The price of 24, 22, and 18K gold reversed their momentum and have surged up to Rs 16,300 per 100 gram in the first two days of July. Surge in gold rates today mirrors rising international gold rates against the backdrop of a weakened US dollar, fiscal trade concerns, and geopolitical uncertainty.

The gold rate in India today has surged significantly over the past two days. The price of the precious metal has surged by more than 25% since the beginning of the year 2025 due to heightened trade tensions and market volatility.

Gold Rate in India Today

Gold rate in India today inched closer to the Rs 1 lakh mark. The price of 24 karat gold today stood at Rs 98,890 per 10 gram after increasing by Rs 490. Whereas, the price of 22 karat gold today increased by Rs 450 to Rs 90,650 per 10 grams. 18 karat gold rate today surged by around Rs 370 to Rs 74,170 per 10 grams.

The 24K gold rate surged around Rs 1,140 per 10 grams, which means that the price has increased by around Rs 1,630 in two days. Which means that 24 karat gold rates have increased by Rs 16,300 per 100 gram in two days.

The surge in gold rate in July has come after a week of decline in the prices of the precious metal as the global investors cheered due to the de-escalation of tensions between Israel and Iran. However, uncertainty around Donald Trump tariffs (expected to be implemented in July), trade tensions, have kept investors cautious.

Silver Rate in India Today

Silver rate in India today stood at Rs 110 per gram and Rs 1,10,000 per kilogram on Wednesday. The price of silver has surged significantly over the past few weeks taking the precious metal's rate near to its all-time high level. The surge in silver price was supported by strong industrial demand for the metal.

Gold Price Outlook

As the gold prices have surged significantly over the past two days, there are chances that global investors may indulge in profit booking, according to Nirmal Bang's report. "Gold prices are expected to pull back. One can buy at 96700 with a stop loss of 96400 for the target at 97100- 97500. One can also sell from 97800 with a stop loss of 98100," noted Nirmal Bang in its report.

Silver Price Outlook

Indicating a surge in price of the silver today, Nirmal Bang added in its report, "Silver prices are expected to rise. One can buy at 106000 with a stop loss of 105000 for the target 107000-107500. Traders can also sell from 108000 with a stop loss of 109000."

Gold Rate in Indian Cities

As there has been a significant surge in gold rate today in India, the impact was seen in gold prices in Bangalore, Mumbai, Delhi, Chennai, Hyderabad, and other Indian cities.

Gold rate in Bangalore stood at Rs 9,889 per gram for 24 karat, Rs 9,065 per gram for 22 karat and Rs 7,417 per gram for 18 karat. The price of 24, 22, and 18 K gold in Chennai stood at Rs ₹9,889, Rs 9,065 and Rs 7,417 per gram on Wednesday. Likewise, the price of 24, 22, and 18K gold in Delhi stood at Rs 9,904, 9,080, and Rs 7,429 per gram respectively.

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.