Gold prices in India fell across all major cities on July 7, 2026, according to The Hindu Business Line. The price of 22-carat gold declined by ₹125 per gram in Mumbai, Delhi, Ahmedabad, Bengaluru, and Kolkata, and by ₹160 per gram in Chennai and Hyderabad. 24-carat gold dropped by ₹131-₹168 per gram depending on the city, with Chennai and Hyderabad seeing the steepest decline.
City-wise Gold Prices on July 7
The following table summarises the per-gram rates for 22-carat and 24-carat gold, along with the change from the previous day, as reported by The Hindu Business Line (data courtesy bankbazaar.com):
| City | 22K (₹/g) | Change (₹) | 24K (₹/g) | Change (₹) |
|---|---|---|---|---|
| Mumbai | 13,365 | -125 | 14,033 | -132 |
| Chennai | 13,400 | -160 | 14,070 | -168 |
| Hyderabad | 13,400 | -160 | 14,070 | -168 |
| Delhi | 13,415 | -125 | 14,086 | -131 |
| Ahmedabad | 13,419 | -125 | 14,090 | -131 |
| Bengaluru | 13,425 | -125 | 14,096 | -132 |
| Kolkata | 13,465 | -125 | 14,138 | -132 |
For 8 grams of 22-carat gold, rates in Mumbai stood at ₹1,06,920 (down ₹1,000), in Chennai at ₹1,07,200 (down ₹1,280), in Hyderabad at ₹1,07,200 (down ₹1,280), in Delhi at ₹1,07,320 (down ₹1,000), in Ahmedabad at ₹1,07,352 (down ₹1,000), in Bengaluru at ₹1,07,400 (down ₹1,000), and in Kolkata at ₹1,07,720 (down ₹1,000). For 8 grams of 24-carat gold, corresponding rates were ₹1,12,264 (down ₹1,056) in Mumbai, ₹1,12,560 (down ₹1,344) in Chennai, ₹1,12,560 (down ₹1,344) in Hyderabad, ₹1,12,688 (down ₹1,048) in Delhi, ₹1,12,720 (down ₹1,048) in Ahmedabad, ₹1,12,768 (down ₹1,056) in Bengaluru, and ₹1,13,104 (down ₹1,056) in Kolkata.
Notable Variations
Chennai and Hyderabad posted the largest drops for both 22-carat (₹160 per gram) and 24-carat (₹168 per gram) gold, while other cities saw relatively uniform declines of ₹125-₹132 for the two purities. The price of 22-carat gold in Kolkata remained the highest among the listed cities at ₹13,465 per gram, followed by Bengaluru at ₹13,425, while Mumbai recorded the lowest at ₹13,365. For 24-carat, Kolkata also topped at ₹14,138 per gram, with Mumbai again the cheapest at ₹14,033.
The Hindu Business Line report, published on July 7, 2026, noted that the price for 8 grams of 24-carat gold decreased in all cities compared to the previous day. The data, courtesy bankbazaar.com, shows a broad-based correction in domestic gold rates without providing specific reasons for the decline.
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