Gold Rate Today: Marginal Decline Seen in Prices Across Indian Cities

Gold Prices Slip Marginally in India; Global Rates Fall on Trade Deal Optimism.

Gold prices in India edged lower on Monday, July 7, in line with a global dip in bullion rates as easing trade tensions dampened safe-haven demand. Prices declined by ₹10 across major cities.

Domestic Gold Rates
The price of 24-carat gold stood at ₹98,993 per 10 grams, while 22-carat gold was priced at ₹90,763 per 10 grams.

Among metro cities:

Delhi recorded the highest 24-carat gold price at ₹98,993.

Bengaluru had the lowest at ₹98,835.

In Mumbai, Chennai, and Kolkata, 24-carat gold ranged between ₹98,841 and ₹98,847.

For 22-carat gold:

Prices were highest in Delhi (₹90,763) and lowest in Bengaluru (₹90,605).

Pune, Chennai, and Kolkata followed with rates hovering just above ₹90,600.

Global Gold Slips as Trade Tensions Ease
Internationally, gold prices fell as market sentiment improved following signals from U.S. President Donald Trump about progress on several trade agreements. Trump also announced extended tariff waivers for select countries, reducing immediate economic uncertainty.

As of July 7:

Spot gold dropped 0.6% to $3,314.21 per ounce

U.S. gold futures also fell 0.6% to $3,322

According to Kelvin Wong, senior market analyst at OANDA, “This short-term reprieve in trade uncertainty is weighing on gold prices.”

Other precious metals also fell:

Silver slid 0.8% to $36.81/oz

Platinum dipped 0.8% to $1,380.55/oz

Palladium declined 1% to $1,123.31/oz

With the U.S. expected to finalise trade deals this week and the July 9 tariff deadline approaching, investors are closely watching for any reversal in global risk sentiment. Domestically, gold prices may remain range-bound unless there’s a sharp movement in the dollar or bond yields.