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The first day of July i.e. Wednesday, July 1, 2026 has started with a fall in the price of gold in the Indian bullion market. This reduction in gold prices is a relief news for those who were planning to buy or invest in jewelery for a long time. Today, 24 carat gold prices have seen an average decline of Rs 600 per 10 grams in major cities, which has rekindled the enthusiasm of investors. Latest gold price in major cities (per 10 grams) Gold prices remained soft in major markets across the country today. In Delhi, 24 carat gold is trading at Rs 1,41,430 and 22 carat gold at Rs 1,29,550 per 10 grams. Whereas in Mumbai, 24 carat gold was priced at Rs 1,41,160 and 22 carat gold was priced at Rs 1,29,700. In Uttar Pradesh, the price of gold was recorded at Rs 1,42,350 (24 carat), while in Patna, Bihar it is at Rs 1,41,240. A similar trend in prices has also been seen in states like Rajasthan and Punjab. Gold became cheaper by Rs 40,000 from the record level. This fall in gold prices is much bigger than the figures of January 2026. At the beginning of the year, when gold was at its all-time high (about Rs 1.80 lakh per 10 grams), it became difficult for the common buyer to get jewelry made. At present, gold is getting cheaper by about Rs 40,000 from its peak level. Market experts believe that after such a huge fall, a new phase of buying can begin in the market. Will the price fall to Rs 1.20 lakh? Opinion of Market Experts: Now the big question in the minds of investors is whether this decline will continue further? While some experts believe that market pressure could bring gold to the level of Rs 1.20 lakh per 10 grams, All India Gem and Jewelery Domestic Council (GJC) Chairman Rajesh Rokade has a different view. He estimates that if the market strengthens again by the end of the year, gold can again touch the level of Rs 1.75 lakh per 10 grams. At present, this ongoing volatility in gold prices is indicating investors to remain in a ‘wait and watch’ situation.