BUSINESS
Gold Price Today: Good news on the first Monday of August! Gold prices fall again; find out what the price is in your city?
The eighth month of 2026, August, has begun, and the first Monday of the new month brings good news for consumers. The festive season is soon to begin, and gold prices have fallen significantly ahead of that. The domestic bullion market on the first Monday of August offered some relief to consumers. Gold prices, which had fluctuated over the past few days, have fallen again today. The prices of 24-carat and 22-carat gold have declined in most major cities, and gold prices have declined significantly over the past week. Silver prices have also declined significantly, providing some relief to both investors and consumers.
How much did gold prices fall last week?
According to market data, the price of 24-carat gold has declined by ₹710 per 10 grams over the past week, while the price of 22-carat gold has declined by ₹750. This decline in gold prices is considered beneficial for consumers, given the festive season. Although gold prices have declined in the domestic market, they have risen in the international market. According to a Reuters report, the price of spot gold has reached $4,067.06 per ounce.
Gold prices today in major cities
In the capital Delhi, the price of 24-carat gold is ₹1,44,360 per 10 grams, while 22-carat gold is ₹1,32,240 per 10 grams. In Mumbai and Kolkata, the price of 24-carat gold is ₹1,44,210 per 10 grams, while 22-carat gold is ₹1,32,190 per 10 grams.
Chennai has the highest price for 24-carat gold, with 10 grams selling for ₹144,600 and 1 tola of 22-carat gold selling for ₹132,550. In Pune and Bengaluru, 24-carat gold is also selling for ₹144,210 per 10 grams, while 22-carat gold is selling for ₹132,190 per 10 grams.
|
City |
Today's 22 Carat Gold Rate (₹) |
Today's 24 Carat Gold Rate (₹) |
|
Delhi |
132240 |
144360 |
|
Mumbai |
132190 |
144210 |
|
Ahmedabad |
132240 |
144260 |
|
Chennai |
132550 |
144600 |
|
Kolkata |
132190 |
144210 |
|
Hyderabad |
132190 |
144210 |
|
Jaipur |
132240 |
144360 |
|
Bhopal |
132240 |
144260 |
|
Lucknow |
132240 |
144360 |
|
Chandigarh |
132240 |
144360 |
Big fall in silver too
Like gold, silver prices have also fallen. Silver prices were recorded at ₹234,900 per kilogram in the domestic market this morning. Silver prices have fallen by ₹5,000 over the past week, and this decline is considered significant for investors and large-scale buyers of silver.
With the festive and wedding season approaching, the decline in gold and silver prices in the domestic market is proving to be a relief for consumers. Experts predict that global economic developments, US interest rates, the dollar's position, and the geopolitical situation will have a significant impact on gold and silver prices in the future.
PC: TV9
