Gold and Silver Prices in India Today, 1 July 2026: 24K Gold Falls to ₹1,42,170, Silver Drops to ₹2,25,330 on Weak Global Cues
Gold price today, 1 July 2026: 24K gold fell to ₹1,42,170 per 10g and silver dropped to ₹2,25,330 per kg as Comex gold slipped below $4,000 on a stronger dollar. Check city wise rates and MCX data.
Gold and silver prices fell in India today. 24K gold is at ₹1,42,170 per 10 grams, down 0.55% from yesterday's ₹1,42,950. Silver has dropped to ₹2,25,330 per kg, down 1.50% from ₹2,28,770. Comex gold fell over 1% to $3,993.50 per ounce, slipping below the $4,000 mark. Silver on Comex fell a sharper 3.34% to $57.49 per ounce. Weak global cues and a stronger dollar are behind today's fall.
Gold and Silver Rate Today in India by City
Rates vary slightly by city due to local taxes and transport costs.
| City | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver (per kg) |
|---|---|---|---|
| Delhi | ₹1,30,323 | ₹1,42,170 | ₹2,25,330 |
| Mumbai | ₹1,30,173 | ₹1,42,010 | ₹2,25,330 |
| Chennai | ₹1,31,753 | ₹1,43,690 | ₹2,25,330 |
| Hyderabad | ₹1,30,173 | ₹1,42,010 | ₹2,25,330 |
| Bengaluru | ₹1,30,173 | ₹1,42,010 | ₹2,25,330 |
| Kolkata | ₹1,30,173 | ₹1,42,010 | ₹2,25,330 |
| Pune | ₹1,30,173 | ₹1,42,010 | ₹2,25,330 |
| Ahmedabad | ₹1,30,623 | ₹1,42,510 | ₹2,25,330 |
| Lucknow | ₹1,30,323 | ₹1,42,170 | ₹2,25,330 |
| Jaipur | ₹1,30,323 | ₹1,42,170 | ₹2,25,330 |
Rates are indicative bullion prices for 1 July 2026. Jewellery prices add making charges and GST.
Muskaan Kapoor
Why Gold Price Fell Today
Gold slipped 0.55% today as Comex gold broke below $4,000 per ounce for the first time in recent weeks. A stronger US dollar and ongoing fears of a US rate hike are keeping pressure on the metal. When the dollar is strong, gold becomes costlier for global buyers, which reduces demand.
Despite today's dip, gold is up 0.52% from a week ago, which shows some stability over the weekly trend. The bigger drag is the monthly picture. Gold is down 10.69% from 1 June. The Fed's hawkish stance has been the main reason for this month's sharp fall.
| Period | 24K Gold (per 10g) | Change |
|---|---|---|
| Today (1 July 2026) | ₹1,42,170 | — |
| Yesterday (30 June 2026) | ₹1,42,950 | 🔴▼ Down 0.55% |
| One Week Ago (24 June 2026) | ₹1,41,440 | 🟢▲ Up 0.52% |
| One Month Ago (1 June 2026) | ₹1,59,190 | 🔴▼ Down 10.69% |
| One Year Ago (1 July 2025) | ₹97,580 | 🟢▲ Up 45.70% |
Why Silver Price Fell Today
Silver fell 1.50% today to ₹2,25,330 per kg. On Comex, silver dropped a sharper 3.34% to $57.49 per ounce. Silver tends to fall harder than gold when global risk mood weakens. Rising US bond yields and a firm dollar are the key reasons behind this fall.
Despite today's fall, silver is up a strong 5.41% from a week ago. The monthly picture tells a different story though. Silver is down 15.73% from 1 June. That is one of the steepest monthly falls this year.
| Period | Silver 999 (per kg) | Change |
|---|---|---|
| Today (1 July 2026) | ₹2,25,330 | — |
| Yesterday (30 June 2026) | ₹2,28,770 | 🔴▼ Down 1.50% |
| One Week Ago (24 June 2026) | ₹2,13,770 | 🟢▲ Up 5.41% |
| One Month Ago (1 June 2026) | ₹2,67,390 | 🔴▼ Down 15.73% |
| One Year Ago (1 July 2025) | ₹1,06,730 | 🟢▲ Up 111.12% |
MCX Gold and Silver Rate Today
| Metal | MCX Price | Change | High | Low |
|---|---|---|---|---|
| Gold (per 10g) | ₹1,41,760 | 🔴▼ Down ₹771 (−0.54%) | ₹1,41,872 | ₹1,40,552 |
| Silver (per kg) | ₹2,25,225 | 🔴▼ Down ₹3,338 (−1.46%) | ₹2,25,496 | ₹2,22,500 |
Source: Bullions.co.in. Last updated 1 Jul 2026, 15:15 IST.
Comex gold fell below $4,000 today, a key level that markets were watching. Silver on Comex dropped over 3%, falling faster than gold. This shows silver is more sensitive to today's global mood than gold.
Key Reasons Behind Today's Gold and Silver Price Fall
- Comex Gold Below $4,000: Gold slipped under a key price level on the international market. This triggered more selling across global markets, including India.
- Strong Dollar Weighs on Bullion: A firm dollar makes gold and silver costlier for buyers in other countries. This reduces global demand and pulls prices down.
- Fed Rate Hike Fears Persist: Markets still expect the US central bank to raise rates later this year. This is keeping gold and silver under pressure month after month.
- Silver More Volatile Than Gold: Silver fell 3.34% on Comex versus gold's 1.11% drop. Silver is always more sensitive to global risk shifts, which shows up clearly in today's numbers.
Should You Buy Gold or Silver Now
Gold is down 10.69%, and silver is down 15.73% from just a month ago. For long-term buyers, this level may be a good entry point. Both metals are still up strongly compared to a year ago, gold by 45.70% and silver by 111.12%.
If you need to buy for a wedding or occasion soon, current prices are lower than they were for most of June. Spread your purchase across a few days rather than buying all at once. This reduces the risk of buying at the wrong time.
Always check the BIS hallmark before buying gold. Every piece must have a six-digit HUID code. For silver, look for the 999 or 925 purity mark.
FAQs
Why did gold fall below ₹1,42,000 today?
Gold fell as Comex prices slipped below $4,000 per ounce, driven by a stronger dollar and expectations of a US rate hike later this year. These global factors pull Indian prices lower too.
Why is silver falling more than gold?
Silver is more sensitive to global risk mood and bond yields. When markets turn cautious, silver tends to fall harder and faster than gold. Today, Comex silver dropped 3.34% versus gold's 1.11% fall.
Is this a good time to buy gold for a wedding or investment?
Gold is 10.69% cheaper than it was a month ago. For weddings or long term investment, current prices are more attractive than June levels. Buying in small parts over a few days is safer than one large purchase.
