Gold Prices in India Plummet Amid Global Risk Sentiments
On August 1, 2026, gold prices in India fell due to lower international gold prices and reduced risk sentiments globally. The price of 24K gold decreased by ₹38 per gram to ₹14,422, while 22K gold fell by ₹35 per gram to ₹13,220, and 18K gold declined by ₹29 per gram to ₹10,816.
The market trend is mildly bearish, with volatility high due to geopolitical factors and global interest rate expectations. Gold remains near historic highs despite today's decline.
Long-term investors may consider gradual buying, as prices have corrected slightly. However, it's recommended to avoid lump-sum purchases during volatile sessions and opt for SIP-style accumulation instead.