Gold prices were mostly stable in India on July 5, 2026, with no changes at the retail level from the previous day since the bullion market closed on account of the weekend. Gold futures on MCX saw a slight decline to Rs. 1.47 lakh per 10 grams, as investors booked profits, while the rupee strengthened against the softer dollar amid reduced expectations of hikes in Fed rate. The yellow metal remains one of the better-performing asset classes over the past year, with returns of nearly 37.6%.
Also Read: Gold Price Today: MCX Gold Rises 1.47% to Rs. 1,47,900 Amid Softer US Jobs Data, Brent at $72.34
Retail gold prices showed only marginal city-to-city variation, with Delhi trading slightly above Mumbai and Kolkata, reflecting local levies and demand patterns.
| City | 24K Gold (10g) | 22K Gold (10g) | 18K Gold (10g) | Silver (1kg) |
|---|---|---|---|---|
| Delhi | Rs. 1,46,880 | Rs. 1,34,650 | Rs. 1,10,170 | Rs. 2,50,000 |
| Mumbai | Rs. 1,46,730 | Rs. 1,34,500 | Rs. 1,10,050 | Rs. 2,50,000 |
| Chennai | Rs. 1,49,460 | Rs. 1,37,000 | Rs. 1,12,100 | Rs. 2,54,000 |
| Kerala | Rs. 1,49,460 | Rs. 1,37,000 | Rs. 1,12,100 | Rs. 2,54,000 |
| Kolkata | Rs. 1,46,880 | Rs. 1,34,650 | Rs. 1,10,170 | Rs. 2,50,000 |
| Pune | Rs. 1,46,730 | Rs. 1,34,500 | Rs. 1,10,050 | Rs. 2,50,000 |
| Surat | Rs. 1,46,730 | Rs. 1,34,500 | Rs. 1,10,050 | Rs. 2,50,000 |
| Bhopal | Rs. 1,46,780 | Rs. 1,34,550 | Rs. 1,10,090 | Rs. 2,50,000 |
Silver prices also stayed flat over the weekend, with 999-purity silver trading at approximately Rs. 250 per gram or Rs. 2,500 for 10 grams. It has recently performed better than gold, posting a one-year return of over 83%.
The international spot price of gold remained confined to $4,150 – $4,180 per ounce as the bulls were pitted between a relatively dovish Fed and a firmer greenback coupled with new economic data. Gold prices have remained in a correction phase, declining nearly 8% over the past month. Despite the recent pullback, market expectations suggest prices will trade within a range in the short term. The World Gold Council has identified support at $4,000 per ounce and resistance at $4,300 per ounce.
Market analysts continue to favor a staggered investment approach over a lump sum purchase, especially for those buying gold as a long-term investment rather than as jewellery. Buyers should verify the BIS hallmark certificate before making a purchase. They should also factor in GST and making charges when comparing prices. In addition, gold prices can vary across jewellers based on location and individual premiums, even when the underlying metal rate remains the same.