If you are planning to purchase gold or silver on this Friendship Day, then checking today’s prices becomes essential. On Sunday, 3 August 2025, gold and silver prices have once again reached beyond the one-lakh mark. With rising trends in the bullion market, buyers are advised to know the live rates before making any investment. Whether it’s for gifting or personal investment, understanding today’s 18, 22, and 24-carat gold rates in major cities can help in making a better decision.

National Rates: Gold Price Update for 3 August 2025

As per today’s market trends, 22-carat gold is being sold at ₹93,050 for 10 grams. Meanwhile, 24-carat gold, known for its highest purity, is priced at ₹1,01,500 for 10 grams. Those looking for more affordable options may consider 18-carat gold, which is currently priced around ₹76,140. On the other hand, the price of 1 kilogram of silver has also seen a surge and is now trending at ₹1,13,000 in major bullion markets.

18-Carat Gold Prices Citywise

In Delhi’s bullion market, the 18-carat gold price for 10 grams stands at ₹76,140. In Kolkata and Mumbai, this rate is slightly lower at ₹76,010. Buyers in Indore and Bhopal can expect to pay around ₹76,050. Chennai, on the higher side, is trading at ₹76,800 for the same weight and purity. These rates are crucial for customers looking for more budget-friendly jewellery.

22-Carat Gold Rates Across Indian Cities

The 22-carat gold rate in Bhopal and Indore today is ₹92,950 for 10 grams. Jaipur, Lucknow, and Delhi report a slightly higher rate at ₹93,050. Meanwhile, cities like Hyderabad, Kerala, Kolkata, and Mumbai are trading gold at ₹92,900. These regional differences usually stem from local taxes and transportation costs.

24-Carat Gold Price for High-Purity Buyers

For those looking for high-purity gold investments, 24-carat gold remains the top choice. In cities like Bhopal, Indore, Delhi, Jaipur, Lucknow, and Chandigarh, the rate is fixed at ₹1,01,400 for 10 grams. In Hyderabad, Kerala, Bengaluru, and Mumbai, the price hovers around ₹1,01,350. Chennai too maintains the same price bracket. Despite the premium, this category sees significant demand during festive occasions and special days like Friendship Day.

Silver Price in India: 3 August 2025

The silver rate for 1 kilogram has also witnessed a noticeable spike. In major cities like Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, and Delhi, the current rate is ₹1,13,000. Southern cities like Chennai, Madurai, Hyderabad, and various parts of Kerala report a higher rate at ₹1,23,000. Meanwhile, central Indian cities like Bhopal and Indore are trading silver at ₹1,13,000 for 1 kg. These fluctuations may affect bulk buyers and industrial consumers the most.

How to Check Gold Purity Before Buying

Understanding gold purity is essential before making any purchase, especially when prices are this high. The Indian Standard Organization (ISO) issues hallmark certifications that help identify gold purity levels. For example, 24-carat gold is considered 99.9% pure and carries a 999 hallmark. This is typically not used for jewellery due to its soft texture but is preferred for coins or investment bars.

In contrast, 22-carat gold, with 91.6% purity, is commonly used in jewellery. It usually includes 9% of other metals like copper, silver, or zinc to enhance durability. Hallmarking codes for different purities include 999 for 24-carat, 958 for 23-carat, 916 for 22-carat, 875 for 21-carat, and 750 for 18-carat. These markings are typically engraved on the inner band of rings or on the clasp of chains.

While 24-carat gold guarantees maximum purity, jewellers mostly sell 18, 20, or 22-carat gold to allow for better craftsmanship and lasting finish. Buyers should always request a hallmark certificate and verify the purity before completing the transaction.

Rising Gold Prices: What Buyers Should Keep in Mind

With gold prices soaring, especially above ₹1 lakh for 10 grams of 24-carat gold, consumers must plan their purchases wisely. The rise in gold prices is influenced by global economic trends, currency exchange rates, inflation data, and central bank decisions. Precious metals like gold and silver also gain momentum due to geopolitical tensions and festive demand.

For those intending to buy gold today for Friendship Day celebrations, it’s crucial to factor in making charges and GST, which significantly increase the final cost. Comparing prices across trusted jewellers and checking online bullion market trends can help save money and ensure a trustworthy deal.

Is Today a Good Day to Buy Gold?

Festive occasions and symbolic days like Friendship Day often attract buyers to invest in gold. While prices are high, sentiment-driven demand remains strong. Buyers looking at long-term investments may still consider it a viable option. However, short-term buyers or those aiming for resale profit may find it challenging to benefit due to current premium rates.

For small-scale buyers, investing in gold coins or 18-carat jewellery may prove economical. Meanwhile, silver continues to be a strong alternative, with relatively lesser volatility and lower price points.

As gold and silver prices continue to rise, planning your investment wisely becomes more important than ever. Whether you’re buying gold for personal use, gifting, or long-term savings, knowing the current market rate, city-wise pricing, and hallmark details can protect you from overpaying or purchasing impure metal.

Friendship Day offers a symbolic reason to gift something valuable to your loved ones. A thoughtful piece of hallmarked jewellery or a silver coin can make the moment more memorable. But always cross-check purity, current pricing, and dealer credibility before making a purchase.