Indian Gold Prices Rise Marginally as Silver Falls

Gold prices in India rose marginally on August 1, with a one-gram increase of ₹1 across major purity categories. The current price of 24-carat gold (99.9% purity) stands at ₹14,461 per gram, while 22-carat gold (91.6% purity) is priced at ₹13,256 per gram. In contrast, the prices of 18-carat gold (75% purity) remained steady at ₹10,846 per gram in most cities.

Delhi witnessed slightly higher prices, with 24-carat gold retailing at ₹14,476 per gram and 22-carat gold at ₹13,271 per gram. Vadodara and Ahmedabad also recorded marginally higher prices compared to other major cities.

The demand for gold continues to attract buyers and investors as a preferred asset for wealth preservation and a hedge against inflation. Market experts note that domestic prices of both gold and silver are primarily driven by global bullion rates, the rupee's exchange rate against the US dollar, import duties, and local demand.