Gold Rates In India Today (03/07/2026) Rise For 2nd Day In Row; Gold Jumps Rs 32,200, Silver Rate Up Rs 5,000

Gold rates in India on July 3rd jumped for the second day in a row, with the 24 carat gold price rising by a whopping Rs 32,200 in 100 grams and up by Rs 3,220 in 10 grams. The uptrend is due to bullish sentiment across the globe after weaker-than-expected US job data calmed fears of rate hikes. US dollar also dropped below the 101 mark, which further supported bullion.

Gold Rates In India Today:

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24 carat gold price climbed by Rs 32,200 in 100 grams to Rs 14.70 lakh, while 10 grams gold is available at Rs 1,47,000 which is higher by Rs 3,220 from the previous day. Meanwhile, 8 grams gold is up by Rs 2,576 to Rs 1,17,600 and 1 gram gold is higher by Rs 322 to Rs 14,700.

Furthermore, 22 carat gold rate jumped by Rs 29,500 to Rs 13,47,500 per 100 grams and rose by Rs 2,950 to Rs 1,34,750 per 10 grams. Additionally, 8 grams gold soared by Rs 2,360 to Rs 1,07,800 and 1 gram gold is up by Rs 295 to Rs 13,475.

In case of 18 carat, 100 grams gold surged by Rs 24,100 to Rs 11,02,500 and 10 grams gold advanced by Rs 2,410 to Rs 1,10,250. Additionally, 8 grams gold price here rose by Rs 1,928 to Rs 88,200 and 1 gram gold is up by Rs 241 to Rs 11,025.

Silver Rates In India Today:

Meanwhile, silver prices also climbed on July 3rd. 1 Kg silver surged by Rs 5,000 to Rs 2.50 lakh, while 100 grams and 10 grams silver zoomed by Rs 500 and Rs 50 to Rs 25,000 and Rs 2,500. Further, 8 grams silver is up by Rs 40 to Rs 2000 and 1 gram silver edged higher by Rs 5 to Rs 250.

What Is Impacting Gold Prices In India?

As per Pinky Yadav, Commodity Fundamental Analyst at Choice BrokinG, bullion prices surged more than 1% on both COMEX and MCX, supported by a weaker US dollar, which slipped below the 100 mark after a softer-than-expected June jobs report reinforced expectations of Federal Reserve policy easing. The US economy added only 57,000 jobs, well below forecasts of 110,000, while unemployment remained at 4.2%, prompting markets to reduce the probability of a September rate hike to around 50% from 67%.

Also Fed Chair Kevin Warsh noted moderating inflation expectations while reaffirming the Fed's commitment to price stability.

In Yadav's opinion, gold received addtional support from renewed central bank buying, with official reserves rising by a net 41 tonnes in May, according to the World Gold Council. Lower crude oil prices, easing inflation concerns, and improving commercial shipping through the Strait of Hormuz amid progress in US-Iran talks further strengthened bullion's safe-haven appeal.

However, with US markets closed for a bank holiday ahead of the weekend, trading volumes are expected to remain subdued.

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