Gold and silver have long stood as reliable assets for Indian investors, especially during times of market volatility. As global uncertainties persist and inflation concerns grow, precious metals continue to hold their ground as safe-haven assets. Today, we delve into City-Wise Gold Prices on July 6 to help buyers and investors stay informed about the latest rates across major Indian cities.
Why Track City-Wise Gold Prices on July 6?
Keeping track of City-Wise Gold Prices on July 6 is crucial as rates differ from city to city due to various factors such as transportation costs, local demand, taxes, and state-specific levies. Additionally, making charges and GST added by jewellers can significantly influence the final price consumers pay.
Gold Price Trends Over the Years
Gold has been a star performer for the last two decades. From ₹7,638 per 10 grams in 2005 to over ₹1,00,000 in 2025, gold prices have surged by an impressive 1,200%. In 16 of the past 20 years, gold has delivered positive returns, solidifying its reputation as a reliable investment avenue. The City-Wise Gold Prices on July 6 reflect this enduring trend.
Silver Follows Gold’s Resilience
Silver, too, has remained resilient. Over the last 20 years, silver prices surged by 668.84%. Holding above ₹1 lakh per kg for the past three weeks, silver continues to be a dependable option for investors seeking portfolio diversification alongside gold.
Current Market Snapshot
As per the latest data, the MCX gold index was trading at ₹96,988 per 10 grams at 9:20 AM on July 6. Meanwhile, the MCX silver rate stood at ₹1,08,438 per kilogram. The City-Wise Gold Prices on July 6 offer a comprehensive view of how gold and silver rates fluctuate across different regions.
City-Wise Gold Prices on July 6: Detailed Breakdown
Mumbai
- Gold bullion rate: ₹97,130/10 gm
- MCX Gold rate: ₹96,988/10 gm
- Silver bullion rate: ₹1,08,330/kg
- MCX Silver 999: ₹1,08,438/kg
Chennai
- Gold bullion rate: ₹97,410/10 gm
- MCX Gold rate: ₹96,988/10 gm
- Silver bullion rate: ₹1,08,430/kg
- MCX Silver 999: ₹1,08,438/kg
New Delhi
- Gold bullion rate: ₹96,960/10 gm
- MCX Gold rate: ₹96,988/10 gm
- Silver bullion rate: ₹1,08,140/kg
- MCX Silver 999: ₹1,08,438/kg
Hyderabad
- Gold bullion rate: ₹97,280/10 gm
- MCX Gold rate: ₹96,988/10 gm
- Silver bullion rate: ₹1,08,500/kg
- MCX Silver 999: ₹1,08,438/kg
Kolkata
- Gold bullion rate: ₹97,000/10 gm
- MCX Gold rate: ₹96,988/10 gm
- Silver bullion rate: ₹1,08,180/kg
- MCX Silver 999: ₹1,08,438/kg
Bengaluru
- Gold bullion rate: ₹97,210/10 gm
- MCX Gold rate: ₹96,988/10 gm
- Silver bullion rate: ₹1,08,410/kg
- MCX Silver 999: ₹1,08,438/kg
Factors Affecting City-Wise Gold Prices on July 6
Several factors contribute to the variance in City-Wise Gold Prices on July 6:
- Local Demand: Higher demand in metro cities pushes prices slightly higher.
- Transport & Storage Costs: Logistics affect the final price, especially in remote areas.
- Taxes & Levies: State-specific taxes and octroi charges play a part.
- Jewellers’ Making Charges: Vary widely, impacting the retail rate.
Global Market Influence
According to ICICI Bank Global Markets, gold and silver prices have shown strong trends in both global and domestic markets. Geopolitical tensions, inflation concerns, and central bank policies continue to support precious metal prices worldwide, reflected in City-Wise Gold Prices on July 6.
Is Now a Good Time to Invest?
Experts advise that gold and silver remain excellent portfolio stabilizers in 2025’s uncertain financial environment. Given the 31% year-to-date rise in gold prices and silver’s sustained momentum, investors could consider allocating funds to precious metals. Monitoring City-Wise Gold Prices on July 6 can help in timing purchases wisely.
Investment Advice
Investors should always factor in making charges, GST, and any other hidden costs before making a purchase. While bullion rates serve as a base, jewellers often add premiums based on craftsmanship, demand, and brand reputation. Checking City-Wise Gold Prices on July 6 is an effective way to benchmark offers and negotiate better.
What’s Ahead for Gold and Silver Prices?
Market experts foresee a continued uptrend in gold and silver prices, driven by global economic uncertainties and robust domestic demand, especially during the festive and wedding seasons. The City-Wise Gold Prices on July 6 act as a barometer for future pricing trends, making them crucial for informed buying decisions.
Final Thoughts
As precious metals continue to outperform amid volatile global markets, staying updated on City-Wise Gold Prices on July 6 is vital for anyone looking to invest or make jewellery purchases. The rates reflect not only the underlying value of gold and silver but also the broader economic conditions influencing these assets.
Disclaimer
The views and recommendations expressed in this article are those of individual analysts and broking firms, not of Mint. Investors are advised to consult certified financial experts before making any investment decisions, as market conditions can change rapidly and personal financial goals vary.