Huge Drop In Gold Rate in India on July 4: 24 K Gold Price Falls Rs 6,000/100 Gm; Will The Fall Continue?

Gold Rate in India Today: The price of the precious metal took a U-turn on Friday, July 4, as an improved United States economic outlook curbed investors' cautiousness to hit pause for the gold's safe-haven rally. Back in India, the gold rate today declined significantly on Friday, bringing cheers among retail jewellery buyers.

Gold rate in India today declined significantly on Friday, after two days of continuous rally this week. The significant fall in the gold price today is likely to draw retail jewellery buyers to make purchases. The price of the precious metal has surged significantly since the beginning of the year 2025 amid heightened geopolitical uncertainty and stock market volatility.

Gold Rate in India Today

The price of 24 karat gold in India today declined by Rs 600 per 10 gram to Rs 9,873, similarly the price of 22 karat gold in India fell by Rs 550 to Rs 90,500 per 10 gram. The price of 18 karat gold rate in India declined by Rs 74,050 per 10 gram on Friday.

The gold rate in India has declined nearly more than 25% since the beginning of year 2024-25, especially due to an increase in uncertainty around United States policy after Donald Trump became as US President.

Gold Price Outlook

"Gold prices are expected to correct. Traders can sell at 97000 with a stop loss of 97300 for the target at 96600-96400," noted Nirmal Bang in its report on Friday.

Silver Rate in India Today

The price of silver in India today followed the gold rate's trend and declined marginally on Friday. Silver rate in India today fell to Rs 110 per gram and to Rs 1,10,000 per gram. Despite the decline in the silver rate today, the white metal is currently near to its all-time high mark. The price of silver has surged significantly over the past few months because of spurt in their industrial demand.

Commenting on Silver rate outlook, Nirmal Bang mentioned, "Silver prices are expected to rise. One can buy at 107500 with a stop loss of 106500 for the target at 108500-109500."

Gold Rate in Indian Cities

In major Indian cities, the price of 24 karat gold remains consistent at Rs 9,873 per gram in Chennai, Mumbai, Kolkata, Bangalore, Hyderabad, Kerala, Pune and Vadodara. However, in Delhi and Ahmedabad, it is slightly higher at Rs 9,888 and Rs 9,878 respectively. The 22 karat gold price follows a similar pattern with minor variations across these cities.

On July 4th 2025 the price for 24K was Rs 9,873 with a decrease of Rs 60 from the previous day; similarly for 22K it was Rs 9,050 with a reduction of Rs 55 from July 3rd when prices were higher due to an increase on July 1st by Rs 114 for 24K reaching Rs 9,840.

Gold and silver rates mentioned above are indicative and doesn't include additional charges like GST and making charges. Hence, retail jewellery buyers must confirm the price of the gold rate and additional charges from an authentic jewellery shop owner to make an informed purchase.

Apart from jewellery buyers, gold has emerged as a safe haven for investors across the globe for ages. Demand for the precious metal surges every time whenever there has been a significant surge in geopolitical uncertainty or economic turmoil. The price of gold, compared to other assets like equities, realty, etc are more stable, hence it is one of the most preferred investment option even for risk-averse investors.

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.