Gold Price Today, July 6: Gold prices fell on Monday, amid profit booking following a rise in bullion prices last week after a softer-than-expected US jobs report tempered expectations of interest rate hikes from the Federal Reserve. In Mumbai, prices of 24K gold stood at Rs 1,46,620 per 10 grams, while that of 22K dropped to Rs 1,34,400.
MCX gold futures for August 2026 delivery traded at Rs 1,47,266 per 10 grams, falling 0.08%. Silver prices also declined, with MCX silver futures for July 2026 delivery trading at Rs 2,36,034 per kg, declining 0.53%.
What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On July 6?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,34,950 | Rs 1,46,770 |
| Jaipur | Rs 1,34,950 | Rs 1,46,770 |
| Ahmedabad | Rs 1,34,850 | Rs 1,46,670 |
| Pune | Rs 1,34,800 | Rs 1,46,620 |
| Mumbai | Rs 1,34,800 | Rs 1,46,620 |
| Hyderabad | Rs 1,34,800 | Rs 1,46,620 |
| Chennai | Rs 1,34,800 | Rs 1,46,620 |
| Bengaluru | Rs 1,34,800 | Rs 1,46,620 |
| Kolkata | Rs 1,34,800 | Rs 1,46,620 |
In the international market, spot gold was steady at $4,174.66 per ounce, as of 0252 GMT, after hitting its highest since June 22 earlier in the day. U.S. gold futures for August delivery climbed
1.5% to $4,186.70 per ounce.
The dollar gained 0.1%, making greenback-priced bullion more expensive for holders of other currencies. Bullion logged a weekly gain of more than 2% last week, snapping a four-week losing streak, after softer-than-expected U.S. payrolls data eased worries about persistent inflation and prolonged high interest rates.
Data on Thursday showed US job growth slowed sharply in June and payroll gains for the prior two months were revised lower, pointing to a cooling labour market and prompting financial markets to dial back expectations for a near-term Fed rate hike.
Traders now see about a 55% chance of a rate increase in September, down from more than 60% before the data, according to the CME FedWatch tool. Lower interest rates tend to be favourable to gold, as it is a non-yielding asset.
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