Gold Rate Today, July 1, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities

Retail gold prices (gold rates) across India levelled off on Wednesday, July 1, marking a period of stability following a severe multi-day market plunge at the end of June. According to data compiled by the financial tracking portal GoodReturns, the national average for 24-karat investment-grade gold opened flat at INR 1,42,050 per 10 grams, while 22-karat jewellery-grade gold held steady at INR 1,30,210 per 10 grams. The calm trading morning follows what analysts have deemed a massive monthly slump for the precious metal, providing a brief window of predictability for consumers and investors alike.

Scroll down to check the gold rate today, July 1, in Delhi, Chennai, Mumbai, Kolkata, Lucknow, Pune, Bengaluru, Hyderabad, Jodhpur, Jaipur, Srinagar, Noida, Ghaziabad, Gurugram and Ahmedabad. Gold Rate Today, June 30, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

Major City-Wise Rates for 10 Grams Gold

While national averages stayed flat, localised factors like state taxes, octroi, and local bullion association policies created slight differences across regional hubs. According to GoodReturns, the specific retail prices for 10 grams of gold across major Indian cities on July 1 are as follows:

• New Delhi: Rates in the national capital experienced a minor correction, with 24-karat gold priced at INR 1,42,200 and 22-karat gold retailing at INR 1,30,360.
• Mumbai: The financial capital tracked closely to the base national rate, with 24-karat gold at INR 1,42,050 and 22-karat gold at INR 1,30,210.
• Bangalore: Matching the Mumbai averages, 10 grams of pure 24-karat gold is trading at INR 1,42,050, while 22-karat gold stands at INR 1,30,210.
• Kochi: In Kerala, 24-karat gold opened at INR 1,42,050 per 10 grams, with 22-karat gold hovering at INR 1,30,210.

Gold Rate Today, July 1, 2026

Tracking the June Bullion Slump

The steady baseline on July 1 marks a critical pause after domestic bullion experienced its sharpest downward correction since 2008 during the final week of June. In the national capital alone, 24-karat gold plummeted by over INR 38,000 per 100 grams within a rapid two-day span to close out the month. Overall, gold across all carats dropped nearly 8 per cent through June. This sharp correction was driven by a combination of weak global cues, aggressive hawkishness from the US Federal Reserve, and a significant drop in physical buying demand from major global consumers like China.

Geopolitical Drivers and Market Outlook

Commodity experts attribute the sudden cooling of precious metals to a massive easing of supply chain anxieties in West Asia. The successful extension of a 60-day diplomatic ceasefire framework between the United States and Iran effectively restored safe transit through the critical Strait of Hormuz. The reopening immediately lowered global maritime risk, stabilised crude oil markets, and prompted institutional funds to liquidate defensive safe-haven asset positions in bullion. Dubai Gold Rate Today: 18K, 22K, 24K Gold Prices for June 30, 2026.

Moving further into July, the near-term domestic trend remains cautiously negative to neutral. While lower international rates may tempt buyers, analysts note that the 10 per cent basic customs duty imposed by the government maintains an elevated price floor across India. Consumers preparing for early wedding purchases should also factor in the standard 3% Goods and Services Tax (GST) and individual store-making charges on top of these raw daily board rates.

(The above story first appeared on LatestLY on Jul 01, 2026 08:54 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).