Gold price today: On the one hand, the price of commercial LPG cylinder has been cut in the country as soon as the start of August, on the other hand, if you are planning to buy gold or silver, then this news can be good news for you. Today, on Friday, August 1, 2025, the prices of these two have declined.

Today 24 carat gold is around Rs 1,00,000 per 10 grams and its price has decreased by Rs 580 compared to tomorrow. At the same time, 22 carat gold is available in the market at the rate of Rs 91,800 per 10 grams. Silver has also become about Rs 3,000 cheaper and is trading around Rs 1,14,000 per kg today.

The fresh sense of your city-

Today, 24 carat gold is being sold at the rate of Rs 1,00,170 per 10 grams in the national capital Delhi, while 22 carat gold is trading at a price of Rs 91840. Similarly, gold is being sold in the markets of Chennai, Mumbai, Kolkata, Bangalore and Patna at Rs 1,00,020 per 10 grams. So at the same time 22 carat gold is available in Chennai, Mumbai, Kolkata, Bangalore and Patna at the rate of Rs 91,690.

How is the price of gold and silver decided?

Gold and silver prices are fixed on daily basis and many factors are responsible behind it. These mainly include the following causes: exchange rates and dollar prices fluctuations. Since the prices of gold and silver in the international market are fixed in the US dollars, the change in the dollar-rupaya exchange rate has a direct impact on the price of these metals.

If the price of the dollar increases or the rupee is weak, then the prices of gold in India increase. Most of the gold is imported in the night. In such a situation, import duty, GST and other local tax affect gold prices. In addition, in the global market, the upheaval (eg war, economic recession or change in interest rates) directly affects the price of gold. When uncertainty in the global market increases, investors choose safe options such as gold instead of shares or other unstable assets.

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Gold Crossed 1 Lakh: The same thing happened in the midst of the uncertainty in the global market. Gold has now crossed the threshold of one lakh. On Monday, gold crossed the price of 10 grams one lakh rupees per 10 grams. In the domestic market, 24 carat gold in the domestic market fell beyond Rs 1 lakh, while it went beyond 99,000 at the beginning of trading on MCX. In such a situation, the question is arising that when there is so much uncertainty all around and there is a threat of recession in the American market, then why is the price of gold reaching the seventh sky? Let us know about its five factor:

1-fear in investors

After the tariff imposed by President Donald Trump, investors are concerned about the future at this time. The trade war in China and America has further increased these uncertainties of the market. In such a situation, there has been a threat of recession in front of the American economy. If there is a recession crisis in America, then it will affect the whole world. This is the reason that the safest investment in front of the investors for safe investment is currently getting gold.

2- Dollar declines

One of the reasons for the increase in the price of gold is the continuous decline in the US dollar. Due to the tariff, the dollar has fallen to 97.92 due to the trade war between the world’s two global economy, which is the lowest level in three years. If the price of the dollar continues to fall in this way, a new crisis will arise in front of the American economy. This is the reason that US President Donald Trump is now rethinking his strategy to pressurize other countries by using tariffs, because it is causing damage to the American economy.

3-shadow season

One of the major reasons for increasing the price of gold is our social and cultural engagement in it. Jewelry is compulsorily considered in weddings, which is given to the bride. Apart from this, Akshaya Tritiya is also on the end of this month i.e. 30 April. In such a situation, the shopping being done by the people has also kept the price of gold more.

4- Trend towards gold

People have a tendency towards gold whether they either consider the property to be a better option or investment in terms of investment. In such a situation, an uncertainty in the property market in the last few years has also attracted people from Gold. If you look at in the last five years, its price has doubled since 2020. In 2020, Rs 50151 per ten grams was available, which has now crossed one lakh in 2025.

5-Experts estimate

It was constantly said by the market experts that the price of gold may increase further in the coming days. One of the reasons is that people are considering investment in future by thinking of increasing its price.

Also read: Gold broke all records, prices reached beyond 1 lakh; Learn how much is the price of 1 gram in your city today