Gold Rates & Silver Rates Today (1/08/2026) LIVE: 999 Purity Gold Crashes Rs 4,000, Silver Prices Flat

Gold rates and silver rates in India showed mixed trend on the first day of August month. On Saturday, Indian gold rates crash up to Rs 4,000 in 100 grams of 24 carat and down by Rs 400 in 10 grams. On the contrary, silver prices stood steady and around Rs 2.35 lakh per 1Kg.

Physical gold rates slipped after spot gold dropped by nearly 1.5% overnight to $4,043 per ounce. Spot silver crashed harder by 2.4% to hold below $57.62 per ounce. MCX gold ended the month of July 2026 below Rs 1,41,600 per 10 grams, while MCX silver is under Rs 2,17,500 per 1Kg.

Nonetheless, 24 carat, 22 carat and 18 carat gold prices outperformed silver in July 2026 with over 2% monthly gains. Silver was down by 2-3% overall.

This week, elevated crude oil prices, US Fed's rates decision, geopolitical risks and dollar movement impacted precious metals.

Also, despite volatility, spot gold managed to gain by 0.5% in overall July, its first monthly increase since February, supported by softer US inflation data and the Federal Reserve's decision to keep interest rates unchanged. Gains were capped by expectations of tighter monetary policy, with markets pricing in about a 65% chance of a Fed rate hike in September. While Chair Kevin Warsh reaffirmed the Fed's commitment to lowering inflation without signaling an imminent hike, the three officials who dissented this week reiterated on Friday that further tightening is needed. Meanwhile, renewed US-Iran hostilities continued to cloud the outlook, with fresh US strikes on Iranian targets reducing hopes for a near-term diplomatic resolution. Since the conflict erupted in late February, higher oil prices have fueled inflation concerns and weighed on gold by strengthening expectations for higher interest rates, as per Trading Economics.

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Aug 01, 2026, 1:28 pm IST

Live Gold Silver Rates Today: What Is Impacting Precious Metals?

Gold rates in India started the month of August with a decline on Saturday. The 24 carat gold price dropped up to Rs 3,800, while the 22-carat and 18-carat gold rates plunged up to Rs 3,500 and Rs 2,900. On the contrary, silver prices are unchanged on August 1, 2026. This performance comes after spot gold and spot silver crashed by 1.5% to over 2%, while MCX gold and MCX silver futures dropped below pivotal levels. Precious metals continue to be volatile due to West Asia conflict, a rebound in yielding assets, and rate hike probability.

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Aug 01, 2026, 1:28 pm IST

Live Silver Rates Today: Silver Prices In Unchanged

Gram	Today	Yesterday	Change
1	₹235	₹235	0
8	₹1,880	₹1,880	0
10	₹2,350	₹2,350	0
100	₹23,500	₹23,500	0
1000	₹2,35,000	₹2,35,000	0

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.

Aug 01, 2026, 1:27 pm IST

Live Gold Rates Today: 18 Carat Gold Rates Fall Sharply

Gram	Price	Change
1	₹10,816	-₹29
8	₹86,528	-₹232
10	₹1,08,160	-₹290
100	₹10,81,600	-₹2,900

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.

Aug 01, 2026, 1:27 pm IST

Live Gold Rates Today: 22 Carat Gold Price Plunges Rs 3,500

Gram	Price	Change
1	₹13,220	-₹35
8	₹1,05,760	-₹280
10	₹1,32,200	-₹350
100	₹13,22,000	-₹3,500

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.

Aug 01, 2026, 1:27 pm IST

Live Gold Rates Today: 24 Carat Gold Price Falls Up To Rs 3,800

Gram	Price	Change
1	₹14,422	-₹38
8	₹1,15,376	-₹304
10	₹1,44,220	-₹380
100	₹14,42,200	-₹3,800

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.

Aug 01, 2026, 12:33 pm IST

Live Gold Rates Today: Gold Loans Jump 94% YoY, Drive Bank Credit Growth in Q1

Gold loans emerged as the fastest-growing segment of bank lending in the first quarter of FY27, surging 93.8% year-on-year by the end of June 2026. Banks added ₹74,171 crore in fresh gold loans during the quarter, taking the total outstanding gold loan portfolio to ₹5.4 lakh crore.

Aug 01, 2026, 11:57 am IST

Live Gold Rates Today: Gold Demand Unchanged In Q2

Total gold demand, including OTC, was unchanged y/y at 1,269t in Q2. This took demand for the first half year to 2,522t (+2% y/y), with a record value of US$380bn: WGC.