# Gold Slips Below Rs 1.47 Lakh After a Powerful Rs 62,500 Rally in 100 Grams > Gold prices in India fell sharply on July 4th, dragging 999 purity 24 carat below Rs 1.47 lakh. The drop followed a nearly Rs 62,500 surge in 100 grams of 24 carat gold. **Type:** article · **Category:** Money · **Published:** 2026-07-04 · **Source:** TrendKia **Canonical:** https://trendkia.com/en/money/sone-ke-bhava-men-teja-giravata-999-shuddhata-vala-24-kaireta-phisalakara-1-47-lakha-ke-niche-aya-4647 · **Language:** English **Tags:** Gold Rate, 24 Carat Gold, 22 Carat Gold, Gold Rate Today, Bullion Market, Dollar Index, LKP Securities Gold lost some of its shine in India on July 4th, with 999 purity 24 carat slipping below the Rs 1.47 lakh mark. What makes the fall notable is its timing, coming right after 100 grams of 24 carat gold had jumped by nearly Rs 62,500 and 10 grams had climbed Rs 6,250. Riding the same wave down, prices of 22 carat and 18 carat gold also dropped steeply. On Saturday, 1 gram of gold in India stood at Rs 14,673 for 24 carat (99.9% purity), Rs 13,450 for 22 carat (91.6% purity) and Rs 11,005 for 18 carat (75% purity). ## Where 24 Carat Gold Stands 24 carat gold tumbled Rs 2,700 to Rs 14,67,300 per 100 grams, while 10 grams eased Rs 270 to Rs 1,46,730. In the same purity, 8 grams fell Rs 216 to Rs 1,17,384 and 1 gram slipped Rs 27 to Rs 14,673. ## 22 Carat and 18 Carat Ease Too The 22 carat rate declined Rs 2,500 to Rs 13.45 lakh per 100 grams, with 10 grams down Rs 250 at Rs 1,34,500. Alongside, 8 grams dropped Rs 200 to Rs 1,07,600 and 1 gram fell Rs 25 to Rs 13,450. Meanwhile, 18 carat gold sank Rs 2,000 to Rs 11,00,500 per 100 grams. It shed Rs 200 to Rs 1,10,050 per 10 grams, Rs 160 to Rs 88,040 per 8 grams and Rs 20 to Rs 11,005 per 1 gram. ## Still Higher Across July Despite the Dip Here is the bigger picture: on July 4th, 100 grams of 24 carat had surged Rs 32,200, and on July 3rd it had risen Rs 30,000. That is why, even after the latest slide, gold remains broadly higher across the first four days of July. The metal staged a strong comeback this week after more than a month of intense, sustained selling pressure. The rebound drew support from a softer US dollar, which pulled away from the 101 mark. ## What Lies Ahead for Prices According to Jateen Trivedi, VP Research Analyst for Commodity and Currency at LKP Securities, the recent pullback in the Dollar Index has encouraged fresh buying in bullion, while domestic prices have also gained from currency movements. Markets will now watch next week's Federal Reserve meeting minutes closely for cues on the US interest rate outlook and the dollar's direction. On the technical side, Trivedi expects gold to trade in the Rs 1,45,000 to Rs 1,49,000 range, with global cues continuing to steer sentiment. ## What this means for you - **For buyers:** After the July 4th dip, 24 carat gold is at Rs 14,673 per gram, offering some relief to anyone planning to buy jewellery or coins. - **For investors:** Despite the fall, gold is still broadly higher over the first four days of July, and its next move hinges on the upcoming Federal Reserve minutes and the dollar's direction. ## Questions & Answers ### 1. How much did gold fall on July 4th? 24 carat gold dropped Rs 2,700 to Rs 14,67,300 per 100 grams, while 1 gram slipped Rs 27 to Rs 14,673. ### 2. What is the 1 gram price of 22 carat gold on Saturday? 22 carat gold (91.6% purity) stood at Rs 13,450 per gram. ### 3. How much cheaper did 18 carat gold get? 18 carat gold fell Rs 2,000 to Rs 11,00,500 per 100 grams, with 1 gram at Rs 11,005. ### 4. How much had gold surged before this fall? 100 grams of 24 carat had jumped Rs 32,200 on July 4th and Rs 30,000 on July 3rd, keeping it broadly higher over the first four days of July. ### 5. What drove the recent rebound in gold? After more than a month of selling pressure, a softer US dollar that slipped below the 101 mark supported gold prices. ### 6. What range could gold trade in next? According to Jateen Trivedi, gold is expected to trade between Rs 1,45,000 and Rs 1,49,000, with global cues driving sentiment. --- _TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._