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Gold Price Today, July 3: Gold prices surged on Friday, as investors dialled back expectations of US Federal Reserve interest rate hikes following softer-than-expected U.S. jobs data. With this, globally, gold is headed for its first weekly gain in five.
In Mumbai, prices of 24K gold stood at Rs 1,47,000 per 10 grams, while that of 22K dropped to Rs 1,34,750.
MCX gold futures for August 2026 delivery traded at Rs 1,47,668 per 10 grams, gaining 1.31%. Silver prices also jumped, with MCX silver futures for July 2026 delivery trading at Rs 2,37,102 per kg, up 1.63%.
What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On July 3?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,34,850 | Rs 1,47,150 |
| Jaipur | Rs 1,34,850 | Rs 1,47,150 |
| Ahmedabad | Rs 1,34,800 | Rs 1,47,050 |
| Pune | Rs 1,34,750 | Rs 1,47,000 |
| Mumbai | Rs 1,34,750 | Rs 1,47,000 |
| Hyderabad | Rs 1,34,750 | Rs 1,47,000 |
| Chennai | Rs 1,34,750 | Rs 1,47,000 |
| Bengaluru | Rs 1,34,750 | Rs 1,47,000 |
| Kolkata | Rs 1,34,750 | Rs 1,47,000 |
In the international market, spot gold was up 1.4% to $4,179.94 per ounce, as of 0235 GMT, rising to its highest level since June 23. US gold futures for August delivery gained 1.6% to $4,193.20.
Bullion was on track for a weekly gain of 2.3%, its first since the week of May 25, as weaker-than-expected nonfarm payrolls and private payrolls data tempered concerns around inflation and higher-for-longer interest rates. The dollar was headed for a weekly drop, making greenback-priced bullion more affordable for holders of other currencies.
Nonfarm payrolls increased by 57,000 jobs last month, the Labor Department’s Bureau of Labor Statistics said. Economists polled by Reuters had forecast payrolls advancing 110,000.
Traders are now pricing in roughly a 54% chance of a rate hike in September, down from 66% before the data, according to the CME FedWatch Tool.
Higher interest rates typically weigh on non-yielding gold, as they make interest-bearing assets more attractive.
(With inputs from Reuters)
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