After sliding sharply in the closing days of June, gold has come roaring back as July begins, lifted by firmer global cues and a softer US dollar. On July 3, 2026, 24 Karat (24K) gold in Delhi surged Rs 322 to Rs 14,715 per gram, while 22 Karat gold rose Rs 295 to Rs 13,490 per gram, stretching the recovery in precious metals into yet another session.
A Rs 62,200 Jump in Just Two Days
The pace of the bounce over the past few days has been striking. In only the last two trading sessions, 24 Karat gold has climbed by as much as Rs 62,200 per 100 grams, a clear sign of how sharply the market has reversed after the steep sell-off of late June. Silver has ridden the same wave, posting gains for a third straight day. In Delhi, silver rose Rs 5,000 to Rs 2,50,000 per kilogram, with the metal changing hands at Rs 250 per gram on Friday.
Weak US Jobs Data Fuels the Rebound
Globally, bullion was on course for its first weekly gain since the week ended May 29, advancing around 2.2%. Weaker-than-expected US non-farm payroll and private payroll numbers eased worries that the US Federal Reserve might keep interest rates higher for longer. The US dollar, meanwhile, was heading for a weekly decline, which makes dollar-priced gold cheaper for overseas buyers and adds fresh demand for the yellow metal.
24 Karat Gold Rate in Delhi Today
The price of 24 Karat gold in Delhi today stands at Rs 14,715 per gram, a sharp Rs 322 rise from the previous session. That puts 8 grams of 24K gold at Rs 1,17,720, while 10 grams now costs Rs 1,47,150 after gaining Rs 3,220. For bulk buyers, 100 grams has climbed Rs 32,200 to Rs 14,71,500, underlining the strength of the rebound in bullion prices.
22 Karat Gold Rate in Delhi Today
22 Karat (22K) gold has also seen a healthy rise. One gram of 22K gold is currently selling at Rs 13,490, up Rs 295 from the previous day. The price of 8 grams has risen to Rs 1,07,920, while 10 grams is now available at Rs 1,34,900, a gain of Rs 2,950. On the wholesale side, 100 grams of 22K gold has jumped Rs 29,500 to Rs 13,49,000.
18 Karat Gold Rate in Delhi Today
Lower-purity gold recorded strong gains on Friday too. The price of 18 Karat (18K) gold has moved up Rs 241 to Rs 11,040 per gram. Likewise, 8 grams of 18K gold is now priced at Rs 88,320, while 10 grams costs Rs 1,10,400, a rise of Rs 2,410. On a larger scale, 100 grams of 18K gold has climbed Rs 24,100 to Rs 11,04,000.
Silver Rate in Delhi Today
Silver in Delhi today stands at Rs 250 per gram, an increase of Rs 5 over the earlier rate of Rs 245. Based on the latest prices, 8 grams of silver costs Rs 2,000, up Rs 40, while 10 grams is priced at Rs 2,500, a gain of Rs 50. For larger quantities, 100 grams of silver is trading at Rs 25,000, up Rs 500 from yesterday's Rs 24,500. And 1 kilogram (1,000 grams) of silver is available at Rs 2,50,000, a sharp Rs 5,000 rise over the previous session's Rs 2,45,000.
What the Bullion Trade Is Saying
According to Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd. and President of IBJA, gold and silver rebounded from their lows with support from softer US jobs data and falling oil prices that eased inflation worries. At the same time, traders were pricing in a 64% chance of a Fed rate hike in September, based on the CME FedWatch Tool.
