Gold Prices In Lucknow On July 6: No Change In Rates Despite Weekly Rally

Gold prices in Lucknow remained stable on Sunday, reflecting broader trends in the domestic and international markets. According to the latest data from Goodreturns, 22-carat gold in Lucknow is currently priced at Rs 9,075 per gram, while 24-carat gold, also known as 999 purity gold, stands at Rs 9,898 per gram.

This steady performance follows a week of notable gains for the precious metals market. Market momentum was supported by global financial instability, a softening US dollar, and anticipation surrounding the July 9 deadline for a potential US tariff deal. These developments have played a key role in boosting investor interest in safe-haven assets such as gold and silver.

Gold Climbs Over Rs 1,100 in One Week

As per figures from the India Bullion and Jewellers Association (IBJA), gold saw a weekly increase of Rs 1,135 per 10 grams for 24-carat purity. Prices moved from Rs 95,576 on June 30 to Rs 97,021 by July 4. Meanwhile, 22-carat gold recorded a rise of Rs 1,131, closing the week at Rs 96,633 per 10 grams. This ongoing rally has contributed to gold’s strong year-to-date return of 26 per cent in the first half of 2025.

Silver also posted robust gains during the same period, rising Rs 2,070 per kilogram to settle at Rs 107,580 on Friday. The white metal, which had hit an all-time high of Rs 109,550 per kg on June 18, continues to show volatility driven by supply constraints and technical market dynamics.

“Silver outperformed gold in June… because of the fall in gold-silver ratio from over 100 to around 92-93… combined with the critical $35/ounce mark that triggered momentum and technical buying on breakout,” said Prathamesh Mallya, DVP–Research, Non-Agri Commodities and Currencies at Angel One Ltd.

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Price Trends Across Major Cities

Gold prices across other Indian metros were largely aligned. In Delhi, rates mirrored those in Lucknow, with 22-carat gold priced at Rs 9,075 per gram and 24-carat at Rs 9,898. Mumbai, Pune, Bengaluru, and Kolkata all reported 22-carat rates at Rs 9,060 per gram and 24-carat at Rs 9,883. Chennai followed a similar trend, with rates at Rs 9,060 and Rs 9,883 for 22- and 24-carat gold respectively.

As global uncertainties continue to shape investor sentiment, gold is likely to retain its appeal as a safe-haven asset in the near term. Market participants now await further cues from upcoming economic data and geopolitical developments.

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