Huge Rally In Gold Rate Today, July 2: 24K, 22K,18K Gold Prices Rebound Across Bengaluru, Chennai & Hyderabad

Gold prices made a strong comeback on Thursday, July 2, after recording a sharp decline on the previous day. The rally in gold rates today is due to a rebound in international gold prices, with the yellow metal rising amid weaker-than-expected U.S. economic data and easing crude oil prices, which helped ease inflation concerns.

Carrying forward to the global trend, 24-carat gold prices in India surged by Rs. 37,700 per 100 grams, while 22-carat and 18-carat gold rates also recorded significant gains across major cities, including Bengaluru, Chennai and Hyderabad.

Gold Rate in Bangalore + Silver Rate

On 2nd July, the 22-carat gold rates in Bangalore today surged sharply by Rs. 3450 to cost Rs.1,32,500. Meanwhile, 24-carat gold now retails for Rs. 1,44,550 per 10 grams, which spiked by Rs. 3370. Just like that, 18-carat gold rates in Bangalore also jumped by Rs.2820 to retail at Rs. 1,08,410per 10 grams.

Gold Prices in Chennai Today + Silver Rate

Similar to Bengaluru, the gold rate in Chennai today experienced a jump on Thursday. The 24-carat gold rate in Chennai jumped by Rs.1630 per 10 grams to cost Rs. 1,46,180 per 10 grams, while the 22-carat gold rate in Chennai jumped by Rs. 1500 and now retails at Rs. 1,34,000 per 10 grams.

God Prices In Hyderabad+ Silver Rate

Gold prices also witnessed a strong rebound in Hyderabad on July 2, with rates rising sharply across all purity categories after the previous session's decline. The 24-carat gold price increased by Rs. 377 per gram to Rs. 14,455, while 22-carat gold climbed Rs. 345 to Rs. 13,250 per gram. The 18-carat gold rate also moved higher by Rs. 282, taking the price to Rs. 10,841 per gram.

Gold Future Price On MCX

On the Multi Commodity Exchange (MCX), the gold futures for August 5th, 2026, delivery are trading in red at 0.30%, at Rs. 1,44,001per 10 grams. Similarly, the silver futures for the September 4th expiry are surging today by 0.27%, trading at Rs. 2,31,061 per kg.

Spot Gold And Silver Trends In The Market

According to an ICICI Commodity Report, "Spot gold prices recovered from its earlier losses and gained more than 0.5% amid softer-than-expected US Job data and less hawkish comments from Federal Reserve Chair Kevin Warsh."

"Spot gold is likely to find support near $4,000 and move higher towards $4,130 amid expectations of a less hawkish stance from major central banks. Falling crude oil prices have eased inflation concerns, which may prompt central banks to alter their monetary policy outlook," it further added.