Gold, Silver Price Today, August 1: Gold prices in India kept moving higher on Saturday August 1 with the support of steady overseas bullion rates and ongoing demand for safe haven assets. In the domestic market, retail gold rates saw a slight bump in most major cities and places. Meanwhile, silver prices stayed pretty much flat, overall. As per bullion market updates, many investors are also watching global economic signals and central bank policy hints which could nudge precious metal prices over the next few weeks.
Gold, Silver Price Today, August 1 (Per Gram)
- 24 Carat: ₹14,476
- 22 Carat: ₹13,271
- 18 Carat: ₹10,861
City-Wise Gold Rates Today
New Delhi
- 24K: ₹14,476
- 22K: ₹13,271
- 18K: ₹10,861
Mumbai
- 24K: ₹14,461
- 22K: ₹13,256
- 18K: ₹10,846
Chennai
- 24K: ₹14,461
- 22K: ₹13,256
- 18K: ₹11,071
- 24K: ₹14,461
- 22K: ₹13,256
- 18K: ₹10,846
Silver Rate Today
Silver prices remained stable despite gains in gold.
- Silver (999 purity): ₹235–₹236 per gram
- 1 kg Silver: ₹2.35 lakh–₹2.36 lakh
Gold and Silver Prices Today (July 30): Check MCX Trends and Latest Bullion Rates
MCX Gold and Silver Update
Gold futures (August) opened at Rs 1,43,575 per 10 grams, compared with the previous close of Rs 1,43,106, news agency IANS reported. At around 12:10 pm, gold was trading at Rs 1,44,173 per 10 grams, up Rs 1,067 or 0.75 per cent. During the session so far, the yellow metal touched an intraday high of Rs 1,44,230, an increase of about 0.8 per cent. Silver futures (September) also traded higher. The white metal rose as much as 1.26 per cent to touch an intraday high of Rs 2,24,955 per kg. At the last count, it was trading at Rs 2,24,844, up Rs 2,706 or 1.22 per cent.
Should You Buy Gold Now?
Financial experts seem to think gold is still an appealing long-term option mostly for portfolio diversification and like a safety net against inflation. But if you’re buyers planning to purchase jewellery, it’s smart to compare prices between jewellers because the making charges, along with local taxes can end up changing the final bill a lot even if the gold itself looks steady.
