India’s 24K gold retail price tops Rs 1,47,500 per 10 grams on July 4, 2026, near record highs across major cities
Gold is holding near record highs in India while international spot prices remain elevated, reflecting sustained safe-haven demand. The narrative is driven by perceived Fed dovishness, a softer US dollar, and improved risk hedging amid geopolitical developments. With markets awaiting US nonfarm payrolls for policy clarity, near-term sensitivity should remain high to rates and FX dynamics, supporting bullion volatility.
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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On July 4, 2026, retail 24K gold prices in several Indian cities rose above Rs 1,47,500 per 10 grams, marking record levels. MCX gold futures eased by Rs 13, or 0.01 per cent, to Rs 1,47,365 per 10 grams, while IBJA’s Friday close for 24-carat (999 purity) gold stood at Rs 1,46,344 per 10 grams. Internationally, spot gold traded at $4,187.30 per ounce. Prices have been supported by dovish Federal Reserve signals, a softer dollar and geopolitical developments that lifted safe-haven demand.