The 25-year-old Scot, from Dunblane, beat Roger Federer to take the Olympic men's title at London 2012.
His victory came just 28 days after he lost to Federer in the Wimbledon final.
The parade will begin at Kelvingrove Art Gallery and Museum at about 4.15pm before moving through the city centre to George Square, where a celebration will be held.
The George Square event is not ticketed and people will be allowed entry until the 17,000 capacity is reached. Athletes and their guests will then attend a reception hosted by First Minister Alex Salmond in the nearby Old Fruitmarket.
It is understood that Murray has been advised to rest after a busy few months.