Gold Rate Today Friday 1 August 2025: From August 1, the prices of LPG cylinders have come down. The month has started a good start. If you are planning to buy gold or silver jewelery, then it is a good day because gold and silver have declined today. 10 grams of gold has become cheaper by Rs 580 today compared to tomorrow. The price of 24 carat gold is around Rs 1,00,000. At the same time, the price of 22 carat gold is around Rs 91,800 per 10 grams. If you talk about silver, then its rate today is Rs 1,14,900 per kg. Silver has also become cheaper by Rs 3000 today. Learn here on 1 August 2025 gold-silver price.
Two important reasons for fall in gold prices
Last evening, gold prices have fallen by Rs 500 in the capital Delhi, the main reason was the strengthening of the Indian rupee. The rupee strengthened 22 paise to 87.58 on Thursday against the US dollar. This strength in the rupee was due to softening of crude oil prices and possible intervention of the Reserve Bank. Which put pressure on the domestic prices of gold. Usually when the rupee is stronger against the dollar, the prices of goods imported decreases. The same period of decline is seen in gold on 1 August 2025 in the morning.
Gold price of Friday 1 August 2025
How is the price of gold in India decided?
Gold prices are fixed on the basis of international market prices, import duty and tax, exchange rate, demand and supply of supply. In India, gold is not only used for investment but also traditionally in weddings and festivals, so prices have a direct impact on people.