Gold Rate Today: Gold became cheaper for the second consecutive day, big fall in silver too- see today

By Cross Talk India Team Last updated Aug 1, 2025

Photo: PTI Gold became cheaper for the second consecutive day on Friday

Gold Rate Today: Gold prices declined again today due to frequent selling of stockists. Gold prices have declined for the second consecutive day on Friday. Today, the price of gold of 99.9 percent purity in Delhi fell by Rs 400 to Rs 97,620 per 10 grams. On Thursday, its price fell by Rs 500 to close at Rs 98,020 per 10 grams. With this, gold with 99.5 percent purity fell by Rs 300 to Rs 97,500 per 10 grams today. On Friday, it lost Rs 400 to closed at Rs 97,800 per 10 grams. Gold prices were seen on Wednesday, while gold prices had declined by 5 consecutive days before Wednesday.

Big fall in silver prices

According to the Sarafa Association, silver prices witnessed a huge decline for the second consecutive day on Friday. Today, silver fell by Rs 2500 to Rs 1,09,500 per kg. Let us tell you that the price of silver was lost by Rs 2000 to Rs 1,12,000 per kg on Thursday.

Why the price of gold is falling

Gold continued to decline even today due to softening in international markets. The price of gold in international markets today was around $ 3290 an ounce. Jatin Trivedi, a research analyst (commodity and currency) of LKP Securities, said, “This decline in gold has come amid pressure to find no indications of the US Federal Reserve continuously aggressive stance and no indication of interest rates in the near future. This has weakened the market notion of bullion for safe investment. ”

Strong improvement in US dollar

Soumil Gandhi, Senior Analyst (Commodity) of HDFC Securities, said, “Globally gold rose 0.12 percent to $ 3294.31 an ounce. Soumil Gandhi said, “Gold remained a negative trend on the last business day of the week and it closed down on a weekly basis. This decline is due to decrease in demand as an alternative to safe investment and strong improvement in US dollar, which has so far increased by more than 2 percent to 9 weeks high. ”Silver spotted in New York fell 0.75 percent to $ 36.44 an ounce.

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