Gold Rate 10 July: On July 10, 2025, there has been a sudden big drop in the price of gold. Especially the price of 24 carat gold has registered a huge drop of up to ₹ 700, which has created a stir among the common people and investors. In major cities like Delhi, Mumbai, Kolkata, today the rate of 24 carat gold has reached ₹ 98,420 per 10 grams, which was ₹ 99,120 till yesterday. This decline is believed to be due to weak signals from global markets. According to experts, the uncertainty regarding interest rates in the US and the strength of the dollar have put pressure on gold. For those who were eyeing to buy gold for a long time, now is considered a good opportunity.
Price of 22 and 18 carat
Along with 24 carat, the prices of 22 carat and 18 carat gold have also declined. Today, the price of 22 carat gold has reached around ₹ 90,000 per 10 grams, while 18 carat gold is available at around ₹ 73,640 per 10 grams. These rates have also seen a decrease of ₹ 600 to ₹ 500 respectively. This decline can be a relief news for families engaged in wedding preparations. However, it is important that people check the local rate of their city as there is a slight difference in gold prices in different cities due to state-wise tax and VAT rates.
Reasons for decline
There are many important reasons behind this big fall in gold prices. The most important reason is believed to be the weakness in the global markets. The expectations of interest rate cuts by the US Federal Reserve have diminished, which has strengthened the dollar and reduced the demand for gold. Apart from this, reasons like China’s economic slowdown, stability in crude oil prices and profit booking by investors are also pulling down the gold prices. At the domestic level too, the price of gold is seeing a decline due to lack of festive demand and profit booking.
Opportunity for investors
For those who were thinking of investing in gold for a long time, this fall has turned out to be a golden opportunity. Buying gold at a lower price can prove to give better returns in the future, especially when this market will rise once again. Experts also believe that investing in gold for a long time is considered safe. Apart from physical gold, people are now also looking at options like digital gold, gold ETF and sovereign gold bonds which are easy to buy and sell. In such a situation, these falling prices can be a profitable deal for investors.
Relief to consumers
For families who are preparing for weddings, this fall in the price of gold is no less than a gift. Usually the festive season starts from July and in such a situation the purchase of jewelry increases. There is also a possibility of a crowd at jewelry shops today because customers do not want to miss the opportunity to buy cheap gold. However, consumers should keep in mind that jewelers charge making charges and GST separately, which may change the total price. In such a situation, while buying gold, definitely check the correct rate and bill.
what will happen next
Now the question arises whether the price of gold will fall further or will it stabilise. Experts believe that if there is no new announcement from the US regarding interest rates, then there will be a possibility of further decline in prices. Apart from this, the strength of the dollar and the stability of the stock market will also play a role in keeping the price of gold down. However, if there is a situation of global tension or the dollar weakens, then gold can once again see a rise. Therefore, it is important to understand the market movement carefully before investing.
What customers should do
If you are planning to buy gold, then this time may be suitable for you. But while shopping, it is important to keep in mind that you buy gold only from jewelers with BIS hallmark. Also, do not forget to take the bill as it makes any kind of dispute or return process easier in future. If you are buying from an investment point of view, then also consider digital options. Those who are buying only for jewelry should definitely check the price of their city so that they can get pure gold at the right rate.
Disclaimer
The information given in this article is based on various news sources and gold market reports. Gold prices keep changing constantly, so before making a final decision, confirm the current rate with the local jeweller or the official website. The purpose of this article is only to give information, the author or publisher will not be responsible for any kind of financial loss or wrong investment decision. Please invest wisely and only after checking with reliable sources.
