Gold Rate Today, August 1: Yellow Metal Falls On MCX
Gold Price Today, August 1: In Mumbai, the price of gold stands at Rs 91,690 per 10 grams for 22-carat and Rs 1,00,020 per 10 grams for 24-carat.
Gold, Silver Prices In India Today, August 1: Gold and silver prices decline on Friday as pressure from a stronger dollar outweighed support from trade uncertainty caused by US tariffs. In Mumbai, the price of gold stood at Rs 91,690 per 10 grams for 22-carat and Rs 1,00,020 per 10 grams for 24-carat.
Silver fell by Rs 100 to Rs 1,14,900 per kg.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading lower by 0.24% at Rs 98,530 per 10 gram, while silver (expiring on September 5, 2025) fell by 0.17% to trade at Rs 1,09,783 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 1?
About the Author
Mohammad Haris
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h...Read More
Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18.
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
14 minutes ago
- Economic Times
Govt slashes security testing fees by 95% to boost local telecom manufacturing
Synopsis The telecom department has slashed security evaluation fees for telecom and ICT products by up to 95%, capping charges at Rs 50,000. This move aims to ease costs for domestic manufacturers and boost R&D. It benefits firms like Ericsson, Nokia, VVDN, and Dixon. Government R&D bodies are exempt from fees until March 2028 to spur innovation. iStock The telecom department Monday sharply slashed security evaluation fees for telecom and ICT products in a bid to make the security certification process more affordable for domestic evaluation fees were reduced by as much as 95% which previously ranged from Rs 2-3.5 lakh depending on the equipment category. Under the revised structure, the maximum testing certification labs can charge is Rs 50,000, from an earlier Rs 3.5 lakh. This will significantly reduce financial strain on telecom and ICT manufacturers. The move is expected to positively impact the operations of Ericsson, Nokia, Cisco, and telecom equipment manufacturers such as VVDN and Dixon Technologies, said analysts. 'This is a good step to spur innovation among local players. Earlier, each new product being developed locally had to be tested. With the fees rationalised, it becomes cheaper for us to innovate in R&D,' said Ashok Gupta, chairman, Optiemus Infracom, which makes telecom products including routers and set-top-boxes. Currently, products such as IP routers, Wi-Fi CPEs, and 5G Core SMF are under mandatory security testing, while Optical Line Terminals and Optical Networking Terminals are subject to voluntary certification. Gupta added that the security testing fees are added as part of the costs billed by the contract manufacturer to its customers, which was then passed down to the end-customer. However, security testing fees are only paid once when developing the product, and does not typically have a significant impact on final pricing, he government has also exempted security test evaluation fees for its R&D institutes such as CDOT and CDAC until March 31, 2028 as part of a wider effort to encourage innovation in public sector research.'This fee reduction is expected to bolster the competitiveness of Indian telecom manufacturers, stimulate local innovation, and provide a more straightforward pathway to market entry for both domestic and international Original Equipment Manufacturers (OEMs),' the ministry of communications said in a statement.
NDTV
16 minutes ago
- NDTV
Karnataka Transport Staff To Go On Strike From August 5
Bengaluru: The employees' union of the state-owned transport corporations have decided to go an indefinite strike from August 5 as talks with the Karnataka government failed on Monday. The Karnataka High Court and Chief Minister Siddaramaiah appealed to the unions to withdraw their protest. The employees' unions were adamant that their 38 months arrears are paid and a salary hike from January 1, 2024 should be implemented. A final round meeting took place between CM Siddaramaiah, Transport Minister Ramalinga Reddy and the representatives of the employees' union on Monday, but nothing conclusive came out. "Our discussions happened on arrears of 38 months of salary and salary hike from January 1, 2024. Finally, the chief minister said that he would clear two years of arrears and asked us to give up the claim on the remaining two years' arrears. We have not agreed for it. We need 38 months' arrears," KSRTC Staff and Workers' Federation president H V Anantha Subbarao told reporters. There was no commitment on salary hike from January 1, 2024. "We are not happy. So our strike will start from tomorrow morning," Subbarao said. The union leader said the KSRTC and BMTC staff will not work until the demands are met. Chief Minister Siddaramaiah appealed to the unions to withdraw their protest. Several rounds of meetings have already been held with representatives of different transport unions. Issues can be resolved through mutual dialogue. The CM appealed to the unions to withdraw the protest scheduled for tomorrow, a statement issued by Siddaramaiah's office said. Siddaramaiah said in 2016 when he was in office, a salary revision was implemented with a 12.5 per cent hike. He blamed the previous BJP government which did not revise the salaries in 2020 due to the Covid-19 pandemic. "When we assumed power (in 2013), the total debt across all transport corporations was Rs 4,000 crore. In 2018 (when we left office), the pending amount was only Rs 14 crore. Currently, none of the transport corporations are in profit. The government will not be unjust to anyone. All corporations must cooperate," the CM said. Meanwhile, the Karnataka High Court on Monday asked State-run transport unions to postpone their planned strike by a day to allow time for ongoing discussions between union representatives and CM Siddaramaiah to conclude. During the hearing, the Division Bench questioned the government on the prolonged delay in wage revision for drivers and conductors, expressing concern over their interests being neglected. Government counsel and representatives of the Karnataka State Road Transport Corporation (KSRTC) informed the court that a Joint Action Committee (JAC) - representing employees from all four State-run transport corporations - had announced the strike even as conciliation proceedings over the dispute were still in progress under existing legal frameworks.
Economic Times
16 minutes ago
- Economic Times
Knowledge Realty REIT raises Rs 1620 crore from anchor investors ahead of IPO; Jhunjhunwala among investors
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
