Gold Rate Today, July 3: Price surges by up to ₹3,220 per 10 gm; check 24, 22, 18 carat price in your city

Gold price continued to gain for the second consecutive day on Friday (July 3, 2026). According to GoodReturns.in, 24 carat gold increased in price by a substantial ₹3,220 per 10 gm to ₹1,47,000, while 22 carat gold gained by ₹2,950 to ₹1,34,750 per 10 gm. Similarly, 18 carat gold also registered gains of ₹2,410 and was priced at ₹1,10,250 per 10 gm.

Over the last ten days, gold price has been witnessing sharp volatility, with prices hovering in the range of ₹1,41,000 to 1,47,000 per 10 gm.

On July 3, 2026, gold prices across major brands are as below:

Kalyan Jewellers 24 carat gold is priced at ₹14,700, while 22 carat and 18 carat gold is available at a price of ₹13,475 and ₹11,025 per gm, respectively.

Joyalukkas: 22 carat gold is priced at ₹13,475 per gm. 24 carat gold quoted at ₹14,700 per gm, while 18 carat gold was retailing at ₹11,025.

Malabar Gold: 24 carat gold is priced at ₹14,700, while 22 carat is available at a price of ₹13,475 per gm.

Factors influencing gold rate in India

Mirroring trend in the international bullion market, gold prices extended gains today. On the MCX, gold August futures at around 11 am (IST) traded with gains of 1.37% or ₹1,996 at ₹1,47,754 per 10 gm.

After a weaker-than-expected US jobs data, expectations around the interest rate hike by the Federal Reserve have eased. Traders are now anticipating a roughly 54% probability of a rate hike in September, trimmed from the earlier 66% chance before the data, according to the CME FedWatch Tool.

Higher interest rate tend to weigh on non-interest yielding metals, including gold.

US gold futures for August delivery, meanwhile, traded with gains of 1.48% at $4,186.65 per ounce.

Internationally, gold is on course for its first weekly gain since late May, as the latest payrolls data eased concerns around inflation and the prospect of interest rates remaining higher for longer.

The World Gold Council (WGC) stated that central banks were again buying the bullion in May. Accordingly, as per the latest reported data, offcial gold reserves have surged by a net 41 tons during May.