Gold Price Today: Gold prices have recorded a noticeable weekly decline across India, offering some relief to jewellery buyers and investors. Silver has also extended its losses over the past seven days. Before purchasing precious metals, here's a look at the latest prices in major Indian cities.

Gold Prices Continue Weekly Decline

Gold prices remained lower on a weekly basis despite showing stability in the domestic market on Sunday. Over the past seven days, the price of 24-carat gold has fallen by as much as ₹2,510 per 10 grams, while 22-carat gold has declined by nearly ₹2,300.

Although international gold prices have moved above the $4,000 per ounce mark once again, domestic prices continue to reflect the correction seen during the past week. The decline could benefit consumers planning to buy gold jewellery, coins, or bars.

As of Sunday morning, 24-carat gold in Delhi is priced at ₹1,44,100 per 10 grams, while international spot gold is trading at $4,077.64 per ounce.

Gold Rates in Major Indian Cities

Gold prices vary slightly across cities due to local taxes, transportation costs, and dealer "right">22 Carat Gold (10 gm)24 Carat Gold (10 gm)Delhi₹1,32,100₹1,44,100Mumbai₹1,31,950₹1,43,950Ahmedabad₹1,32,000₹1,44,000Chennai₹1,33,700₹1,45,860Kolkata₹1,31,950₹1,43,950Hyderabad₹1,31,950₹1,43,950Jaipur₹1,32,100₹1,44,100Bhopal₹1,32,000₹1,44,000Lucknow₹1,32,100₹1,44,100Chandigarh₹1,32,100₹1,44,100

Silver Also Extends Weekly Losses

Silver prices have also remained under pressure. During the past week, the white metal has fallen by approximately ₹10,000 per kilogram, reflecting softer demand and changing market sentiment.

On June 28, silver is trading at ₹2,40,000 per kilogram in the domestic market. In the international market, spot silver is quoted at $59.12 per ounce.

Despite occasional rebounds, silver has underperformed gold in recent sessions, with investors continuing to show greater preference for the yellow metal amid global uncertainty.

Why Precious Metal Prices Change

Gold and silver prices are influenced by a combination of domestic and international factors. Global economic conditions, inflation expectations, interest rate decisions, geopolitical tensions, currency movements, and central bank policies all affect bullion prices.

Within India, retail prices also depend on import duties, GST, transportation costs, and local demand. Jewellery demand during festivals and wedding seasons can further impact prices across different regions.

Silver, unlike gold, has a strong industrial component. Demand from sectors such as electronics, solar energy, and manufacturing often plays a major role in determining its price direction.

Is This a Good Time to Buy Gold?

The recent correction has made gold relatively cheaper compared to last week's levels, which may attract buyers planning purchases for weddings, festivals, or long-term investment. However, market experts generally recommend investing based on financial goals rather than short-term price fluctuations.

Before buying gold, consumers should compare rates offered by different jewellers, verify BIS hallmark certification, and understand making charges that may significantly increase the final purchase cost.

With both domestic and global markets remaining sensitive to economic developments, precious metal prices may continue to witness fluctuations in the coming days. Keeping an eye on daily price updates can help buyers make better investment and purchasing decisions.