Gold Price Today, August 1, 2026: Gold prices opened higher across most Indian cities on the first day of August, driven by continued demand from retailers and jewellers. While domestic bullion markets witnessed an upward trend, international gold prices edged lower during early trading. If you are planning to buy gold for investment or jewellery, here are the latest 22-carat and 24-carat rates from major cities, along with updates on silver prices.

Gold Prices Increase in Domestic Markets

Gold prices moved higher across India's major bullion markets on August 1, 2026, with most cities reporting gains in both 22-carat and 24-carat gold.

In the national capital, 24-carat gold is priced at ₹144,760 per 10 grams, while 22-carat gold is available at ₹132,710 per 10 grams.

The rise in domestic prices is largely attributed to stronger buying interest from jewellers and retail consumers. Market participants have also been closely tracking global economic developments and currency movements, which continue to influence bullion prices.

Global Gold Prices Trade Lower

Despite the increase in domestic rates, international gold prices remained under pressure.

According to global market reports, spot gold declined to around $4,049.83 per ounce, while U.S. gold futures for August delivery slipped to approximately $4,107 per ounce.

International bullion prices are influenced by factors such as the strength of the U.S. dollar, bond yields, inflation expectations, and investor sentiment. Changes in global prices may eventually reflect in the domestic market depending on exchange rates and import costs.

Latest Gold Rates in Major Indian Cities

Here are the latest gold prices recorded on August 1, 2026:

Prices may vary slightly between jewellers depending on making charges, GST, and local market conditions.

Similar Rates in Several Metro Cities

Mumbai, Kolkata, Chennai, Hyderabad, and Bengaluru continue to report nearly identical bullion prices.

In these cities:

• 22-carat gold: ₹132,560 per 10 grams
• 24-carat gold: ₹144,610 per 10 grams

The uniform pricing reflects similar wholesale bullion trends across major metropolitan markets.

Indore Bullion Market Sees Healthy Demand

The bullion market in Indore witnessed steady buying activity on July 31, supported by strong demand for both gold and silver.

The average market price stood at:

• Gold: Around ₹141,500 per 10 grams
• Silver: Around ₹220,000 per kilogram

Jewellers reported healthy customer interest despite elevated prices, indicating sustained demand in the physical bullion market.

Silver Prices Continue to Ease

Silver prices remained under pressure in the domestic market on August 1.

The metal is currently trading at around ₹234,900 per kilogram, extending its recent decline.

Globally, spot silver also weakened, falling to approximately $57.76 per ounce. International price movements, industrial demand, currency fluctuations, and global economic conditions continue to influence silver prices in India.

What Is Driving Gold Prices?

Several factors continue to shape bullion prices in both domestic and international markets, including:

• Retail and jewellery demand
• Global economic uncertainty
• U.S. dollar movement
• Central bank monetary policy expectations
• International bullion market trends
• Rupee-dollar exchange rate

These factors can lead to daily fluctuations in gold and silver prices, making it important for buyers and investors to monitor market movements before making purchase decisions.

Should You Buy Gold Now?

Gold continues to remain one of the preferred investment options for Indian households, particularly during the festive and wedding seasons. However, experts generally advise buyers to compare prices across jewellers, verify BIS hallmark certification, and consider making charges before purchasing jewellery.

Investors looking at gold as a long-term asset should also keep an eye on international market trends, domestic demand, and macroeconomic developments, as these factors play a significant role in determining future price movements.