Gold and silver prices in India witnessed a decline today, July 1, 2026, reflecting global market pressures and currency fluctuations. The price of 24K gold dropped to around ₹141,120 per 10 grams, marking a fall of over 1% compared to yesterday. Similarly, silver slipped to approximately ₹223 per gram, or ₹223,300 per kilogram, registering a decline of more than 2%.
In major cities, gold rates showed slight variations. In Delhi, 24K gold was priced at ₹141,030 per 10 grams, while in Mumbai it stood at ₹141,270. Chennai recorded one of the higher rates at ₹141,690, and Bengaluru saw prices at ₹141,390. Silver too reflected regional differences, with prices ranging from ₹223,730 per kg in Delhi to ₹224,690 per kg in Chennai.
The fall in precious metal prices is attributed to a stronger US dollar, firm Treasury yields, and expectations of further tightening by the US Federal Reserve. These global cues have put pressure on non-yielding assets like gold and silver, leading to volatility in the Indian market. Analysts note that gold is currently trading near an eight-month low, while silver continues to show sharper fluctuations due to its industrial demand linkages.
For investors, today’s dip may present an opportunity for long-term accumulation, though short-term volatility remains high. Retail buyers should also consider regional price differences, as local taxes and making charges influence final rates.
