The fall in gold and silver prices at the beginning of August has brought significant relief to the general public. Based on the new market rates, which were announced on August 2, 2026, 10 grams of gold has become cheaper by approximately ₹386. 22- and 18-carat gold are also selling at lower prices, while silver prices have remained unchanged.
The market prices of gold and silver on August 2, 2026, are as follows. The price of 1 gram of gold is Rs 14,437 for 24 carat, Rs 13,225 for 22 carat, and Rs 10,831 for 18 carat, while the price of 1 gram of silver is Rs 235. Similarly, 8 grams of 24 carat gold is Rs 1,15,496, 22 carat is Rs 1,05,800, and 18 carat is Rs 86,648, while 8 grams of silver is Rs 1,880.
Standard 10 grams of gold is Rs 1,44,370 for 24 carat, Rs 1,32,250 for 22 carat, and Rs 1,08,310 for 18 carat, while the price of 10 grams of silver is Rs 2,350. Additionally, 100 grams of 24-carat gold costs ₹14,43,700, 22-carat ₹13,22,500, and 18-carat ₹10,83,100, while 100 grams of silver costs ₹23,500. For larger quantities, 1 kg of 24-carat gold costs ₹1,44,37,000, 22-carat ₹1,32,25,000, and 18-carat ₹1,08,31,000, while 1 kg of silver costs ₹2,35,000.
Today’s gold and silver rates in cities
- In Lucknow, 24 carat gold is being sold at Rs 1,44,370, 22 carat gold at Rs 1,32,250, 18 carat gold at Rs 1,08,310 and silver at Rs 2,35,000 per kg.
- In Delhi, 24 carat gold is priced at Rs 1,44,370, 22 carat at Rs 1,32,250, 18 carat at Rs 1,08,310 and silver at Rs 2,35,000 per kg.
- In Jaipur, 24 carat gold is being sold at Rs 1,44,370, 22 carat at Rs 1,32,250, 18 carat at Rs 1,08,310 and silver at Rs 2,35,000 per kg.
- In Mumbai and Kolkata, 24 carat gold is priced at Rs 1,44,220, 22 carat at Rs 1,32,200, 18 carat at Rs 1,08,160 and silver at Rs 2,35,000 per kg.
- In Ahmedabad and Patna, 24 carat gold is priced at Rs 1,44,270, 22 carat at Rs 1,32,250, 18 carat at Rs 1,08,210 and silver at Rs 2,35,000 per kg.
- In Pune, 24 carat gold is priced at Rs 1,44,220, 22 carat at Rs 1,32,200, 18 carat at Rs 1,08,160 and silver at Rs 2,35,000 per kg.
- In Meerut, 24 carat gold is Rs 1,44,370, 22 carat is Rs 1,32,250, 18 carat is Rs 1,08,310 and silver is Rs 2,35,000 per kg.
- In Ludhiana, 24 carat gold was recorded at Rs 1,44,370, 22 carat gold at Rs 1,32,350, 18 carat gold at Rs 1,08,310 and silver at Rs 2,35,000 per kg.
Reason for low price
The reasons for gold and silver falling in price are some common market factors. Prices rose significantly in the past few days, and people are now selling to take advantage. Prices have also fallen slightly due to the impact on markets worldwide. With tensions easing in the Middle East, people are now holding back on investing in safe havens. Investors have invested cautiously due to the fluctuations in the dollar. There’s also some confusion in the market regarding US bank regulations.