Gold and Silver Prices in India Today, 2 August 2026: Rates Steady as Monthly Losses Deepen Further
Gold and silver rates in India are steady today, 2 August 2026, with 24K gold at ₹1,43,420 per gram and silver at ₹2,18,150 per kilogram. Silver is down over 8 per cent for the month, and jewellery brands are rolling out Friendship Day offers. Check city-wise rates and details inside.
Gold and silver prices in India are unchanged today compared to Saturday's close, with both bullion markets and MCX shut for the Sunday weekend. Rates are holding at their lower levels, with silver now down more than 8 per cent for the month. With today also being Friendship Day, several jewellery brands are running special offers and discounts to attract buyers.
Gold and Silver Rates in Major Indian Cities Today
| City | Gold 24K (₹/10g) | Gold 22K (₹/10g) | Silver 999 (₹/kg) |
|---|---|---|---|
| Delhi | 1,43,420 | 1,31,468 | 2,18,150 |
| Mumbai | 1,43,420 | 1,31,468 | 2,18,150 |
| Kolkata | 1,43,420 | 1,31,468 | 2,18,150 |
| Chennai | 1,43,420 | 1,31,468 | 2,18,150 |
| Bangalore | 1,43,420 | 1,31,468 | 2,18,150 |
| Hyderabad | 1,43,420 | 1,31,468 | 2,18,150 |
| Pune | 1,43,420 | 1,31,468 | 2,18,150 |
| Ahmedabad | 1,43,420 | 1,31,468 | 2,18,150 |
| Jaipur | 1,43,420 | 1,31,468 | 2,18,150 |
| Lucknow | 1,43,420 | 1,31,468 | 2,18,150 |
Rates as per Bullions.co.in, last updated Sunday, 2 August 2026, 13:35 IST. Local jewellers may add making charges, GST, and city-specific premiums.
Muskaan Kapoor
Have Gold and Silver Prices Risen Today?
No, prices are flat today itself, since there is no fresh retail trading on a Sunday. Gold 24 karat is unchanged at ₹1,43,420 per 10 grams, and silver is steady at ₹2,18,150 per kilogram, both level with Saturday's close. Looking at the wider trend, both metals remain lower for the week, with gold down 0.25 per cent and silver down 2.12 per cent compared to a week ago. Over the past month, the losses have widened further, with gold down 2.98 per cent and silver down 8.21 per cent. Year on year, both remain sharply higher, with gold up 43.69 per cent and silver up 97.31 per cent.
Friendship Day Adds a Festive Touch to Jewellery Buying
Friendship Day falls today, and it is traditionally a period when jewellery brands see a modest uptick in demand for gifting items such as silver bracelets, pendants, and coins, alongside lightweight gold pieces. With silver down over 8 per cent for the month, buyers looking for affordable gifting options may find current rates more favourable than earlier in July.
Gold Rate Analysis for Retail Buyers
Gold is holding at ₹1,43,420 for 24 karat per 10 grams, little changed from yesterday. For jewellery buyers, 22 karat gold is trading at ₹1,31,468 per 10 grams today. The monthly loss has widened to nearly 3 per cent, suggesting the metal is continuing to cool after its recent highs.
Silver Rate Analysis and Weekly Trend
Silver is trading at ₹2,18,150 per kilogram today, with its monthly loss now deepening to 8.21 per cent. The metal has fallen faster than gold on both the weekly and monthly measures, though it remains close to double its level from a year ago.
MCX Closed Today as Markets Observe Weekend Holiday
MCX does not trade on Sundays, so there is no fresh futures session today. The last traded MCX gold price stood at ₹1,43,344 per 10 grams, down 0.02 per cent, while MCX silver settled at ₹2,17,488 per kilogram, down 1.13 per cent. Trading will resume on Monday.
Key Factors Driving Prices This Week
Comex gold in the US fell 1.49 per cent and Comex silver dropped 2.10 per cent in the latest session, reflecting a broadly weaker tone in global bullion markets. A firmer US dollar and easing safe haven demand continue to weigh on both metals, extending the pullback from their recent highs even as the longer term yearly uptrend stays intact.
Buying Tips for Today
With silver down over 8 per cent for the month, buyers who have been waiting for a correction may find current levels increasingly attractive. Keep an eye on Monday's MCX opening for the next signal on direction. Always check purity certification and making charges carefully before any jewellery purchase.
FAQs
Are gold and silver prices up today?
No, prices are flat today since markets are shut on Sunday, and both remain down for the week.
Is MCX open today?
No, MCX is closed on Sundays and will reopen on Monday.
How much have prices fallen this month?
Gold is down 2.98 per cent and silver is down 8.21 per cent compared to a month ago.
