Gold Price Today In India, July 3: Yellow Metal Rises On MCX
Gold Prices Today, July 3: In Mumbai, the price of gold stands at Rs 90,660 per 10 grams for 22-carat and Rs 98,900 per 10 grams for 24-carat.
Gold Prices In India Today, July 03: Gold prices in India rose on Thursday after US ADP non-farm payroll data showed a surprise contraction of 33,000 jobs and the dollar index fell to a fresh 3.5-year low. In Mumbai, the price of gold stood at Rs 90,660 per 10 grams for 22-carat and Rs 98,900 per 10 grams for 24-carat.
Silver, on the other hand, fell by Rs 100 in the morning session to trade at Rs 1,09,900 per kg in Mumbai.
However, in the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading marginally higher at Rs 97,455 per 10 gram, up by 0.07%, whereas silver (expiring on September 5, 2025) saw a mild loss of 0.22% to trade at Rs 1,07,286 per kg.
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, 'Gold and silver extended their gains after U.S. ADP non-farm payroll data showed a surprise contraction of 33,000 jobs, against the expected increase of 99,000. The dollar index fell to a fresh 3.5-year low, while US 10-year bond yields dipped to a 2-month low—both supporting precious metal prices."
Additionally, concerns over the approaching July 9 US trade tariff deadline lent further support. If a trade deal is not finalized in time, higher tariffs could trigger volatility in global financial markets. Meanwhile, the upcoming US jobs report remains a key event that may offer further direction to bullion prices, he added.
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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