Gold and Silver Price Today: Gold and silver prices showed mixed trends on August 1, 2026. While gold futures declined on the Multi Commodity Exchange (MCX) due to profit booking and weaker spot demand, physical bullion markets in cities such as Delhi continued to witness firm retail buying. Silver prices also remained under pressure in global markets, even as domestic demand helped support local rates. Here's a detailed look at the latest gold and silver prices and the factors influencing the bullion market.

Gold Futures End Lower on MCX

Gold futures settled lower in Friday's trading session on the Multi Commodity Exchange (MCX) as traders booked profits after recent gains.

The August Gold Futures contract closed at ₹1,44,022 per 10 grams, registering a decline of ₹818, or around 0.56%, compared with the previous session.

Market participants attributed the fall to weaker spot demand and profit booking by investors. Trading activity remained moderate, with approximately 683 lots changing hands during the session.

Since the MCX remains closed on Saturdays, Friday's closing prices are expected to influence trading sentiment when the commodity market reopens next week.

Delhi Bullion Market Records Strong Retail Demand

Despite weakness in futures trading and softer global prices, the physical bullion market in Delhi remained resilient.

Fresh purchases by jewellers and retail buyers pushed the price of 99.9% purity gold to ₹1,48,300 per 10 grams, an increase of ₹300 over the previous closing price of ₹1,48,000.

Silver prices in the Delhi bullion market remained steady at ₹2,24,700 per kilogram (inclusive of taxes), reflecting stable domestic demand.

The contrasting movement between futures and physical markets highlights the continued interest from jewellery buyers despite fluctuations in international bullion prices.

Global Gold and Silver Prices Decline

International precious metal markets traded lower on Friday as the U.S. dollar strengthened, reducing the appeal of gold as a safe-haven investment.

Latest international prices were:

• Spot Gold: $4,055.56 per ounce, down $48.28 (around 1.18%)
• Spot Silver: $57.98 per ounce, down nearly 2%

A stronger dollar generally makes gold and silver more expensive for overseas buyers, which can reduce global demand and weigh on prices.

Why Gold and Silver Prices Moved

Several domestic and international factors influenced bullion prices during the latest trading session.

Key reasons include:

• Weak demand in the spot market
• Profit booking by traders in gold futures
• Appreciation of the U.S. dollar
• Rising crude oil prices affecting investor sentiment
• Continued jewellery demand in India's physical bullion market

While global markets remained under pressure, steady buying by jewellers helped prevent a sharper decline in domestic physical gold prices.

What Investors Should Watch Next Week

With commodity trading paused over the weekend, investors are expected to closely monitor global economic developments before markets reopen.

Important factors that may influence bullion prices include:

• International gold and silver price movements
• U.S. dollar performance
• Global crude oil prices
• Inflation and interest rate expectations
• Economic data from major global economies
• Domestic jewellery demand during the festive season

Friday's closing prices on the MCX are likely to serve as an important reference point for traders when markets resume next week.

Gold Continues to Attract Long-Term Investors

Despite short-term volatility, gold remains one of the most preferred investment options for Indian households. Many investors consider the precious metal a hedge against inflation and economic uncertainty, while jewellery demand continues to provide support to domestic prices.

Silver also remains an important investment and industrial metal, with prices often influenced by manufacturing demand, global economic activity, and currency movements.

Before Buying Gold or Silver

Consumers planning to purchase gold or silver should compare prices across reputed jewellers, verify purity certifications, and account for making charges, GST, and other applicable costs.

Investors in bullion should also track both domestic and international market developments, as exchange rates, global commodity trends, and monetary policy decisions can significantly impact precious metal prices.

While short-term price fluctuations are common, monitoring market trends can help buyers make more informed investment and purchasing decisions.