Gold Prices Drop in India: 24K Gold Falls by ₹600 per 10g, Silver Also Declines – Here Are the Latest Rates

Gold Rate Today, 24 Carat Gold Price India, Silver Price Today, Gold Price July 4 2025, Trump Tax Policy Gold Impact, US Job Data Gold Price, Indian Bullion Market Update, Gold Investment News, 22K Gold Rate India

After witnessing a consistent upward trend for several days, gold prices in India finally saw a decline in the bullion market on Friday, July 4. The rate of 24-carat gold per 10 grams dropped by ₹600, bringing a slight sigh of relief for buyers ahead of the festive and wedding season. This fall in price comes amid rising global financial uncertainties and mixed economic signals from the United States.

📉 Gold Prices Dip Amid Global Market Concerns

According to market analysts, the primary reason behind this sudden dip in gold prices is the approval of U.S. President Donald Trump’s new tax cut policy and expansive spending plan, which has raised fresh concerns over America's growing fiscal deficit. As investors around the globe evaluate the implications of this policy, market volatility has returned.

Traditionally, economic uncertainty fuels a rise in gold demand as investors turn to it as a safe-haven asset. However, strong job data released in the U.S. on Thursday indicated a healthier economy, prompting speculation that the U.S. Federal Reserve may delay any interest rate cuts this month. As a result, the price of gold dropped by approximately 1.4% globally, impacting Indian markets as well.

🪙 Updated Gold Prices in Indian Bullion Market (July 4, 2025)

24-Carat Gold Prices:

• Per 10 grams: ₹98,880 (Down ₹600 from ₹99,480)

• Per 100 grams: ₹9,88,800 (Down ₹6,000 from ₹9,94,800)

22-Carat Gold Prices:

• Per 10 grams: ₹90,650 (Down ₹550 from ₹91,200)

• Per 100 grams: ₹9,06,500 (Down ₹5,500 from ₹9,12,000)

18-Carat Gold Prices:

• Per 10 grams: ₹74,170 (Down ₹450 from ₹74,620)

• Per 100 grams: ₹7,41,700 (Down ₹4,500 from ₹7,46,200)

🥈 Silver Prices Also Decline

The silver market also saw a moderate correction.

• 100 grams of silver is now priced at ₹11,000, down from ₹11,100.

• 1,000 grams (1 kg) of silver dropped by ₹1,000 to ₹1,10,000, compared to the previous rate of ₹1,11,000.

📊 What’s Behind Today’s Price Drop?

Thursday’s decline in gold prices is largely attributed to robust U.S. payroll data, which revealed:

• Better-than-expected job creation

• Lower unemployment rates

These positive indicators led to a surge in the U.S. dollar and Treasury yields, both of which traditionally weigh down gold prices. Investors, reacting to these developments, now anticipate that the Federal Reserve may not lower interest rates in its upcoming July meeting.

When interest rates rise, non-yielding assets like gold become less attractive to investors, resulting in decreased demand and lower prices.

💹 Long-Term Outlook: Gold Still Strong in 2025

Despite today’s price drop, gold remains one of the top-performing assets of 2025, with a nearly 25% gain since January. It is currently trading just $170 below its all-time high, recorded in April this year.

Several global factors are contributing to this continued bullish trend:

• Heightened geopolitical tensions

• Uncertainty over trade deals, especially with the upcoming U.S. tariff deadline of July 9

• Strong buying activity by central banks

• Increased investments in Gold ETFs (Exchange-Traded Funds)

🏛️ U.S. Economic Policy & Its Impact on Precious Metals

President Trump’s recently approved $3.4 trillion budget has fueled fears of rising fiscal deficit, contributing to market volatility. While the administration has reached a trade agreement with Vietnam, uncertainty looms over the broader implementation of new U.S. tariffs, which could begin this month.

Despite these concerns, investor confidence in the U.S. economy appears stable for now, preventing panic-driven gold buying at this stage.

Conclusion:
If you’re planning to invest in gold or silver, today’s price correction might offer a short-term buying opportunity. However, with global factors still unfolding, especially in the U.S., market volatility is likely to continue.