Gold and silver prices on July 2: Check latest rates in your city

Gold prices: In Delhi, the price of 22K and 24K gold stood at ₹54,300 per 10 gms and ₹59,220 per 10 gms respectively.

Published on: Jul 2, 2023, 08:41:45 IST

By HT News Desk

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Gold prices increased by ₹20 in major Indian cities on Sunday. According to website Goodreturns, which tracks prices of gold daily, one gram of 22 carat metal costs ₹5,415. On the other hand, one gram of 24 carat gold costs ₹5,907.

In Delhi, the price of 22K and 24K gold stood at ₹54,300 per 10 gms and ₹59,220 per 10 gms respectively. In India's financial capital Mumbai, 22K gold was priced at ₹54,150 per 10 gms while 24K gold cost ₹59,070 per 10 gms.

Here are the prices of gold in major Indian cities on July 2, 2023.

In India, gold prices are determined on various factors including currency, international factors and government policies. (Mint file)

CITY	22K GOLD PRICE (Rs/10 GMS)	24K GOLD PRICE (Rs/10 GMS)
KOLKATA	54,150	59,070
CHENNAI	54,440	59,350
BENGALURU	54,150	59,070
AHMEDABAD	54,200	59,120
JAIPUR	54,300	59,220

In India, gold prices are determined on various factors including currency, international factors and government policies.

Silver
Silver rates almost remained unchanged on July 2 in major Indian cities. According to Goodreturns website, one grams of silver cost ₹71.90.

Here are the silver prices for major Indian cities on July 2.

CITY	SILVER PRICE (Rs/10 GMS)
DELHI	719
MUMBAI	719
CHENNAI	757
KOLKATA	719
BENGALURU	719

In India, the price of silver is determined by factors like gold rates, industrial demand, bulk purchases, inflation etc. If the price of gold increases, the silver price will also increase. The industrial firms use silver for production of various commodities like jewellery, coins, medals etc.Also, it is easier to influence the silver market through large trades and purchases.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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