4 July 2025 : After falling for two consecutive days, gold prices have dropped further on Friday, with the Multi Commodity Exchange of India Ltd (MCX) quoting ₹97,015 for 10 grams of 24-carat gold as of 10.40 am IST.
The bullion rate stands at ₹89,238 for 22-carat gold and ₹97,350 for 24-carat gold per 10 grams, marking a 0.280 per cent increase from Thursday.
According to a report by Livemint, growing concerns over US fiscal health and the weakness of the US dollar are positive for gold and that the waning prospects of rate cuts by the US Federal Reserve will challenge the yellow metal’s gains.
US President Donald Trump also said that his administration may begin sending out letters to trading partners as soon as Friday, as he would be setting unilateral tariff rates ahead of a July 9 deadline for negotiations.
Here are the gold rates for July 4, 2025, in India’s major cities
Gold and silver prices in Kolkata
Gold bullion rate: ₹97,000 / 10 gm
MCX gold rate: ₹97,490 / 10 gm
Silver bullion rate: ₹107,970 / kg
MCX Silver 999 rate: ₹1,210 / 10 gm
Gold and silver prices in Mumbai
Gold bullion rate: ₹97,130 / 10 gm
MCX gold rate: ₹96,440 / 10 gm
Silver bullion rate: ₹108,030 / kg
MCX Silver 999 rate: ₹1,210 / 10 gm
Gold and silver prices in Hyderabad
Gold bullion rate: ₹97,280 / 10 gm
MCX gold rate: ₹95,600 / 10 gm
Silver bullion rate: ₹108,210 / kg
MCX Silver 999 rate: ₹1,210 / 10 gm
Gold and silver prices in New Delhi
Gold bullion rate: ₹96,960 / 10 gm
MCX gold rate: ₹96,650 / 10 gm
Silver bullion rate: ₹107,850 / kg
MCX Silver 999 rate: ₹1,210 / 10 gm
Gold and silver prices in Chennai
Gold bullion rate: ₹97,410 / 10 gm
MCX gold rate: ₹95,600 / 10 gm
Silver bullion rate: ₹108,350 / kg
MCX Silver 999 rate: ₹1,210 / 10 gm
Gold and silver prices in Bengaluru
Gold bullion rate: ₹97,150 / 10 gm
MCX gold rate: ₹96,810 / 10 gm
Silver bullion rate: ₹108,130 / kg
MCX Silver 999 rate: ₹1,210 / 10 gm
Among the above cities, MCX gold prices are highest in Kolkata and lowest in Hyderabad and Chennai. Bullion rates, meanwhile, are highest in Chennai and lowest in New Delhi.
As of 10:59 am on July 4, MCX silver is quoted at ₹108,175, while the bullion rate of the white metal stands at ₹108,240 per kilogram, reflecting a 0.03 per cent drop from yesterday.
Summary:
In Chandigarh, 24K gold is priced at ₹9,888/g (down ₹60), and 22K at ₹9,065/g (down ₹55), marking the third straight day of decline amid global trend shifts