Gold rate today: Check the latest prices in your city on July 2

Gold rate today: Yellow metal’s August contracts on MCX opened at Rs 97,242 per 10 grams on July 2.

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}
}

Gold prices continue to remain volatile amid global uncertainties. Gold’s August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 97,242 per 10 grams on July 2.

Let’s check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on July 2:

(According to data on Good Returns)

“Gold prices edged lower in early morning trade, as investors awaited U.S. payroll data and assessed Federal Reserve Chair Jerome Powell’s cautious stance on rate cuts, although a weaker dollar helped limit losses. Dollar index weakened to its lowest point in more than three years, marked below the 97 mark. USDINR is also hovering slightly below the 86 mark weighing on domestic prices. Governor Powell in his speech yesterday, reiterated that the Fed plans to “wait and learn more” about the impact of tariffs on inflation before lowering interest rates, again setting aside U.S. President’s demands for immediate and deep rate cuts,” said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services.

Also read: Gold ETFs become Corporate safe haven as hedge against uncertainty

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.