Gold and Silver Prices, 1st August 2025: Gold prices fell slightly today in reaction to profit-taking activity and uncertainty around changes in worldwide economic policies. According to the reliable sources:
- 24-carat gold is selling at ₹10,002 per gram, a ₹1 drop from the day before.
- 22-karat gold at ₹9,169 per gram, dropped by ₹1 from day before.
- 18-karat gold at ₹7,502 per gram, also shows a little drop of ₹1.
City-specific rates based on major metropolitan updates reflect similar declines in consumer prices.
Indian Major Cities Gold Rates Today (1 gram)
- Ahmedabad: ₹10,007
- Vadodara: ₹10,007
- Pune: ₹10,002
- Hyderabad: ₹10,002
- Bangalore: ₹10,002
- Kolkata: ₹10,002
- Delhi: ₹10,017
- Mumbai: ₹10,002
- Chennai: ₹10,002
Gold and Silver Prices, 1st August 2025: What Caused Today’s Dip in Gold Prices?
The correction comes as markets react to a cautious outlook from the U.S. Federal Reserve and easing dollar strength both of which tend to provide short-term pressure on commodities. However, trade tensions, particularly new tariffs announced by the U.S., continue to support gold’s appeal as a safe-haven asset. A Reuters poll of global analysts still sees gold holding above $3,000 per ounce, with a medium-term upside forecast of $3,220 for 2025.
Silver Price and City Rates
Silver also eased slightly today:
The national average is ₹114.90 per gram and ₹1,14,900 per kilogram.
Gold and Silver Today Rate, July 31: Check city wise prices here
Indian Major Cities Silver Rates Today (per kilogram)
- Ahmedabad: ₹1,14,900
- Vadodara: ₹1,14,900
- Pune: ₹1,14,900
- Delhi: ₹1,14,900
- Hyderabad: ₹1,24,900
- Bangalore: ₹1,14,900
- Kolkata: ₹1,14,900
- Mumbai: ₹1,14,900
- Chennai: ₹1,24,900
Gold and Silver Prices, 1st August 2025: Investor & Buyer Takeaways
Small slides in gold and silver often open windowed opportunities especially for buyers during seasonal demand peaks.
Silver’s industrial use and improving fundamentals may offer better upside than gold in the short term. Sources project a 15–20% gain in the next 12–24 months.
Gold’s continued inflation hedge status is reaffirmed despite today’s dip, as atmosphere of uncertainty persists.
