New Delhi (Economy India): Gold and silver prices witnessed a decline on Thursday, August 1, as per data from the India Bullion and Jewellers Association (IBJA). The price of 24-carat gold dropped by Rs281, settling at Rs98,253 per 10 grams. Similarly, silver fell ₹304 to ₹1,09,646 per kilogram.
Just days ago, on July 23, gold had hit an all-time high of Rs1,00,533 per 10 grams, while silver touched ₹1,15,850 per kilogram.
City-wise Gold Prices (per 10 grams)
| City | 24-Carat Gold | 22-Carat Gold |
|---|---|---|
| Delhi | Rs99,970 | Rs91,650 |
| Mumbai | Rs99,820 | RS91,500 |
| Kolkata | RS99,820 | Rs91,500 |
| Chennai | RS99,820 | Rs91,500 |
| Bhopal | Rs99,870 | Rs91,550 |
Gold Becomes Costlier by Over Rs21,800 in 2025
Since January 1, 2025, gold prices have surged significantly. The rate for 10 grams of 24-carat gold has increased from Rs76,162 to Rs97,971 — a rise of Rs21,809 so far this year. During 2024, gold had risen by Rs12,810.
Silver, too, has seen a notable jump. Its price climbed from Rs86,017/kg at the start of 2025 to Rs1,09,819/kg — a gain of Rs23,802.
What to Know Before Buying Gold
Buyers are advised to opt for BIS-certified gold with a hallmark. Every certified gold item carries a 6-digit Hallmark Unique Identification Number (HUID), such as AZ4524. The HUID ensures the gold’s purity level, confirming whether it is 22-carat or 24-carat.
Despite minor daily fluctuations, both gold and silver have shown a strong upward trend in 2025 due to global uncertainties, inflationary pressures, and continued demand in the Indian market. Analysts expect price volatility to continue ahead of the festive season and global central bank movements.
(Economy India)
