Gold prices fell today. Is it the right time to buy? Know the price of your city on 7 July 2025

Gold Price: Gold prices have also fallen in the international market. Spot gold is selling at $3,314.21 an ounce today, down 0.6 percent, while US gold futures prices have fallen 0.6 percent to trade at $3,322.

Gold Price Today: Amid President Trump's indication of progress in the US trade agreement with many countries of the world and the announcement of a change in the tariff deadline, the price of gold has fallen today, Monday, July 7, 2025. During early trading, 24 carat gold is selling at Rs 98,993 per 10 grams, while the price of 22 carat gold is Rs 90,763.

Latest prices of your cities

Now let us know at what price gold is trading in the major cities of the country. First of all, if we talk about the national capital Delhi, here 24 carat gold is trading at Rs 98,993, while in Mumbai it is Rs 98,847, in Bengaluru 24 carat gold is trading at Rs 98,835, in Kolkata Rs 98,845 and in Pune Rs 98,853.

Similarly, 22 carat gold is trading at Rs 90,763 in Delhi, Rs 90,617 in Mumbai, Rs 90,605 in Bengaluru, Rs 90,615 in Kolkata and Rs 90,623 in Pune.

A fall in the international market

Gold prices have also fallen in the international market. Spot gold is selling at $3,314.21 an ounce today, down 0.6 percent, while US gold futures prices have fallen 0.6 percent to trade at $3,322.

How are rates decided?

It is worth noting that the US is currently in trade talks with many countries. Earlier, in April, President Trump had imposed a base tariff of 10 percent on countries around the world. Also, an additional customs duty of up to 50 percent was imposed. The period of that tariff imposed for three months is ending on July 9. In such a situation, Trump has said that separate tariff rates will be decided on those countries with which there will be no trade deal and it will be imposed from August 1.

It is worth noting that the price of gold is decided on a daily basis. Factors like currency exchange, fluctuations in the price of dollar, customs duty, movements in the international market are responsible for this. In India, gold has been given a special status in social and economic terms. Its presence in any auspicious work from worship to marriage is considered very auspicious. Apart from this, gold has proved itself to give better returns in every era of inflation.