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Gold and Silver Prices Today, July 3, 2025: Gold and silver prices rose in domestic markets on Thursday as weak US job data and dollar index weakness boosted safe-haven demand for precious metals. On the Multi Commodity Exchange (MCX), gold futures rose by Rs 141 or 0.14% to settle at Rs 97,531 per 10 grams, while silver futures gained Rs 410 or 0.63% to end at Rs 1,06,894 per kilogram.
However, in global markets, gold prices dipped slightly as investors adopted a cautious stance ahead of crucial US non-farm payroll and ISM Services PMI data. Spot gold was down 0.3% at $3,348.10 per ounce, while US gold futures held steady at $3,359.10 as of 0412 GMT.
According to Kelvin Wong, Senior Market Analyst at OANDA, “Gold appears to be consolidating within the $3,320 to $3,360 range as markets await directional cues from today’s US economic data.”
The ADP report released on Wednesday showed a surprise contraction in US private payrolls by 33,000 jobs in June—the first decline in over two years—adding to uncertainty about the labour market. The upcoming non-farm payrolls report is expected to show the addition of 110,000 jobs, down from 139,000 in May, as per a Reuters poll.
Meanwhile, trade developments also kept markets on edge. President Trump announced a 20% tariff on goods from Vietnam, lower than previously promised, while discussions with India and Japan remain in limbo ahead of the July 9 deadline.
Commenting on the outlook, Manoj Jain, Director at India Nivesh, said, “Gold and silver extended gains amid downbeat US data and dollar weakness. The upcoming US jobs report and trade tariff developments will keep volatility high. Investors should consider profit-booking at higher levels.”
Jain added that gold is likely to find support at $3,327–3,309 and face resistance at $3,384–3,400 per troy ounce. Silver could see support at $36.15–35.80 and resistance at $36.60–37.00. On MCX, gold support lies at Rs 97,000–96,650, while resistance is at Rs 97,750–98,080. Silver support is seen at Rs 1,06,800–1,06,000 and resistance at Rs 1,08,200–1,09,000.
In other precious metals, spot silver fell 0.5% to $36.40 per ounce, platinum slipped 1.3% to $1,400.65, and palladium dropped 1.1% to $1,142.
Meanwhile, the dollar index remained volatile and settled slightly higher at 96.442 (+0.16%) on Wednesday after touching 3.5-year lows during the session. The USD-INR 29 July futures closed at 85.7375, up 0.13%, amid pressure from a weak domestic equity market and surging crude prices.
Analysts expect the dollar index and rupee to remain volatile this week due to macroeconomic uncertainty, global market swings, and geopolitical tensions.
City-wise Gold Prices (per gram on July 3, 2025):
|
City |
24K |
22K |
|
Mumbai |
Rs 9,933 |
Rs 9,020 |
|
Delhi |
Rs 9,910 |
Rs 9,120 |
|
Chennai |
Rs 9,933 |
Rs 9,020 |
|
Kolkata |
Rs 9,933 |
Rs 9,020 |
|
Bengaluru |
Rs 9,933 |
Rs 9,020 |
Gold Price in Mumbai:
In Mumbai, the price of 24-karat gold stood at Rs 9,933 per gram, while 22-karat gold was priced at Rs 9,105 per gram.
Gold Price in Delhi:
The national capital recorded 24K gold at Rs 9,948 per gram, with 22K gold available at Rs 9,120 per gram.
Gold Price in Chennai:
Gold rates in Chennai were slightly lower, with 24K gold at Rs 9,933 per gram and 22K gold at Rs 9,105 per gram.
Gold Price in Kolkata:
In Kolkata, 24-karat gold was priced at Rs 9,933 per gram, and 22-karat gold was selling at Rs 9,105 per gram.
Gold Price in Bengaluru:
Bengaluru saw 24K gold trading at Rs 9,933 per gram, while 22K gold was available at Rs 9,105 per gram.
Gold Price in Pune:
Pune saw 24K gold trading at Rs 9,933 per gram, while 22K gold was available at 9,105 per gram.
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