Gold and Silver Prices in India Today, 7 July 2026: 24K Gold Falls 1% to ₹1,45,940, Silver Drops 1.84% to ₹2,32,150 on Profit Taking
Gold price today, 7 July 2026: 24K gold fell 1% to ₹1,45,940 per 10g and silver dropped 1.84% to ₹2,32,150 per kg as investors booked profits and refocused on the Fed rate outlook. Check city wise rates and MCX data.
Gold and silver prices fell in India today. As of 1:25 PM IST, 24K gold is at ₹1,45,940 per 10 grams, down 1% from yesterday's ₹1,47,410. Silver 999 Fine dropped to ₹2,32,150 per kg, down 1.84% from ₹2,36,500. Investors are booking profits after last week's sharp rally, which was triggered by weak US jobs data. The US Fed's rate outlook is also back in focus, keeping pressure on both metals today.
Gold and Silver Rate Today in India by City
| City | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver (per kg) |
|---|---|---|---|
| Delhi | ₹1,33,778 | ₹1,45,940 | ₹2,32,150 |
| Mumbai | ₹1,33,628 | ₹1,45,780 | ₹2,32,150 |
| Chennai | ₹1,35,208 | ₹1,47,460 | ₹2,32,150 |
| Hyderabad | ₹1,33,628 | ₹1,45,780 | ₹2,32,150 |
| Bengaluru | ₹1,33,628 | ₹1,45,780 | ₹2,32,150 |
| Kolkata | ₹1,33,628 | ₹1,45,780 | ₹2,32,150 |
| Pune | ₹1,33,628 | ₹1,45,780 | ₹2,32,150 |
| Ahmedabad | ₹1,34,078 | ₹1,46,280 | ₹2,32,150 |
| Lucknow | ₹1,33,778 | ₹1,45,940 | ₹2,32,150 |
| Jaipur | ₹1,33,778 | ₹1,45,940 | ₹2,32,150 |
Jewellery prices add making charges and GST.
Muskaan Kapoor
Gold Rate Today: What You Need to Know
Gold fell 1% today as investors booked profits after last week's strong rally. MCX gold dropped ₹1,466 or 1% to ₹1,45,451 per 10 grams. The session high was ₹1,46,566 and the low was ₹1,45,351. Comex gold also fell 0.61% to $4,142.20 per ounce.
The Bullions.co.in news headline today says it clearly: gold prices are declining as investors focus on the Federal Reserve outlook. Markets are now back to weighing whether the Fed will raise rates later this year, which is reducing the enthusiasm from last week's jobs data rally.
Gold is still up 2.09% from a week ago and 49.56% from a year ago. Today's fall is a correction after a sharp rise, not a reversal of the broader trend.
| Period | 24K Gold (per 10g) | Change |
|---|---|---|
| Today (7 July 2026) | ₹1,45,940 | — |
| Yesterday (6 July 2026) | ₹1,47,410 | 🔴▼ Down 1.00% |
| One Week Ago (30 June 2026) | ₹1,42,950 | 🟢▲ Up 2.09% |
| One Month Ago (7 June 2026) | ₹1,55,760 | 🔴▼ Down 6.30% |
| One Year Ago (7 July 2025) | ₹97,580 | 🟢▲ Up 49.56% |
Silver Rate Today: What You Need to Know
Silver fell more sharply than gold today, down 1.84% to ₹2,32,150 per kg. MCX silver dropped ₹4,171 or 1.77% to ₹2,31,928 per kg. The session high was ₹2,34,100 and the low was ₹2,30,803. Comex silver fell 1.48% to $61.41 per ounce.
Today's news from Bullions.co.in explains the move well. Silver slipped on profit taking despite supportive US jobs data. Traders who bought silver on last week's rally are now selling to lock in gains. Silver is still up 1.48% from a week ago and 114.28% from a year ago.
| Period | Silver 999 (per kg) | Change |
|---|---|---|
| Today (7 July 2026) | ₹2,32,150 | — |
| Yesterday (6 July 2026) | ₹2,36,500 | 🔴▼ Down 1.84% |
| One Week Ago (30 June 2026) | ₹2,28,770 | 🟢▲ Up 1.48% |
| One Month Ago (7 June 2026) | ₹2,49,110 | 🔴▼ Down 6.81% |
| One Year Ago (7 July 2025) | ₹1,08,340 | 🟢▲ Up 114.28% |
MCX Gold and Silver Rate Today
| Metal | MCX Price | Change | High | Low |
|---|---|---|---|---|
| Gold (per 10g) | ₹1,45,451 | 🔴▼ Down ₹1,466 (−1.00%) | ₹1,46,566 | ₹1,45,351 |
| Silver (per kg) | ₹2,31,928 | 🔴▼ Down ₹4,171 (−1.77%) | ₹2,34,100 | ₹2,30,803 |
Both MCX gold and silver are under clear selling pressure today. Silver is falling faster than gold, which is typical when profit taking kicks in after a sharp rally. The tight intraday range on gold, between ₹1,45,351 and ₹1,46,566, shows the selling is controlled rather than panicked.
Key Reasons Behind Today's Fall
- Profit Taking After Last Week's Rally: Gold and silver rallied sharply last week after weak US jobs data. Today, traders are selling to lock in those gains. This is a normal market move after a sharp rise.
- Fed Rate Outlook Back in Focus: Markets are once again focusing on whether the US Fed will raise rates later this year. This is weighing on gold and silver, as higher rates reduce the appeal of both metals.
- Silver Falls Harder Than Gold: Silver dropped 1.84% versus gold's 1%. Silver always moves more than gold in both directions. When profit taking kicks in, silver tends to give up more ground first.
- Comex Also Weak Today: Both Comex gold and silver are down, showing this is a global correction and not just an Indian market move.
Should You Buy Gold or Silver Now
Gold is still 6.30% below its level from a month ago. Silver is 6.81% lower. Both remain well above their levels from a year ago. For long term buyers, today's dip after last week's rally could be a reasonable entry point.
Do not buy in a single large amount on one day. Spread your purchase across a few sessions. This reduces the risk of buying at the wrong time during a volatile patch.
Always check the BIS hallmark before buying gold. Every piece must carry a six digit HUID code. For silver, look for the 999 or 925 purity mark.
FAQs
Why did gold and silver fall today after rising last week?
Last week's rally was driven by weak US jobs data. Today, traders are booking profits after that sharp rise. Markets are also back to focusing on the US Fed's rate outlook, which is keeping pressure on both metals.
Why did silver fall more than gold today?
Silver is always more volatile than gold. When profit taking kicks in after a rally, silver tends to give up more ground faster than gold. Today's 1.84% fall in silver versus gold's 1% drop reflects this pattern.
Should I wait before buying gold now?
Gold is 6.30% cheaper than a month ago despite today's small fall. If you are a long term buyer, current prices are still reasonable. Avoid buying all at once. Spread your purchase over a few sessions to reduce timing risk.
