Gold prices saw a lot of ups and downs in the month of June and during this time she reached her life time high. However, by the end of the month, it has been much cheaper than its high, but it has gained strongly on the first day of July and it has become expensive by Rs 1328 per 10 grams on the Multi Commodity Exchange (MCX). In the domestic market too, its price has seen a sharp increase on Tuesday, but still the price of gold remains much less than its high.
Gold shines in early July
Gold prices talk about the changes that have come on the first day of July, then the MCX rate has come on MCX. The price of 24 carat gold with expiry on August 5 was trading at Rs 96,900 per 10 grams in early trade and by evening it rose by Rs 1328 to Rs 97,403.
Earlier in the month of June, Yellow Metal had reached its life time high level 1,01,078 per 10 grams. However, after touching this level, there was also a sharp decline in gold prices. Despite the increase on 1 July 2025, gold is getting cheaper by Rs 3675 per 10 grams from its high.
Gold so cheaper than high in domestic market
Now talk about the price of gold in the domestic market, so here too, Gold Price has seen a sharp increase on Tuesday. Look at the price of different quality updated on the Indian Bullion Jewelers Association’s website ibja.com, so the 24-carat gold with 999 purity closed at Rs 95,951 per 10 grams on Monday 30 June, it rose to Rs 1479 per 10 grams to Rs 97,430 on 1st July.
Talking about the price of other quality, the price of 22 carat gold reached Rs 97,040 per 10 grams, while 20 carat gold now increased to Rs 89,246 per 10 grams. The price of 18 carat gold increased to Rs 73,073 per 10 grams, while the price of 14 carat reached Rs 56,997 per 10 grams. Let us know that these prices on IBJA are 3 percent without GST and making charge. Their joining increases prices.
Identify the purity of Gold from Hallmark
You can easily know the purity of gold through hallmarks inscribed on your jewelery. Most of the jewelery is used to make 22 karat gold, while there are some people who make 18 carat gold jewelery. Gold is a gold hallmark showing the purity of gold on the jewelery made by you. 999 is written on the jewelery of 24 carat gold, while 958 on 23 carats, 916 on 22 carats, 875 at 21 carats and 750 at 18 carats.