Gold Rates In India Today (01-08-2026) Crashes: 24 Carat Falls Rs 3,800, 22K & 18K Gold Drop Too; Silver Flat

On Saturday, 24 carat gold price tumbled by Rs 3,800 to Rs 14,42,200 per 100 grams, slipped by Rs 380 to Rs 1,44,220 per 10 grams, dropped Rs 304 to Rs 1,15,376 per 8 grams and is down by Rs 38 to Rs 14,422 per 1 gram.

In case of 22 carat, 100 grams gold price declined by Rs 3,500 to Rs 13.22 lakh, 10 grams gold dipped by Rs 350 to Rs 1,32,200 and 8 grams gold dived by Rs 280 to Rs 1,05,760. The 1 gram gold rate in 22 carat is lower by Rs 35 to Rs 13,220.

Under 18 carat, gold rate stood at RS 10,81,600 per 100 grams which is down by Rs 2,900 on Saturday. The 10 grams gold plummeted by Rs 290 to Rs 1,08,160, while the 8 grams gold dipped by Rs 232 to Rs 86,528. Also, 1 gram gold is down by Rs 29 to Rs 10,816.

Silver Rates In India Today

Unlike gold, silver prices are unchanged. 1 Kg silver is available at Rs 2.35 lakh, while 100 grams and 10 grams silver stood at Rs 23,500 and Rs 2,350. Further, 8 grams silver is at Rs 1,880 and 1 gram silver is at Rs 235.

Gold & Silver Rates Outlook

As per Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, gold remained volatile and ended the week on a weaker note, with MCX Gold declining around 0.85% as prices continued to consolidate within a broad trading range. COMEX Gold hovered near $4,050 per ounce, while the week's trading was largely confined to the $4,000-4,120 range.

Despite a weaker US Dollar and a sharp correction in crude oil prices, gold failed to attract significant buying interest. The primary reason remains the uncertainty surrounding the Federal Reserve's interest rate outlook, as policymakers maintained a cautious stance without providing a clear timeline for future policy action.

As a result, LKP's analyst said, market participants are awaiting either greater clarity on the Fed's rate path or a stronger macroeconomic or geopolitical catalyst before taking meaningful positions in bullion.

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