The gold rate in India today has climbed for the third time this week, driven by strong festive season demand ahead of Raksha Bandhan and the upcoming wedding season. On August 6, the 24K gold price hit ₹1,02,330 per 10 grams, marking an all-time high. Similarly, the 22K gold price rose to ₹93,800 per 10 grams, while the 18K gold price touched ₹76,750 per 10 grams.
This rally reflects both domestic jewellery demand and the broader global sentiment, as investors seek safe-haven assets amid geopolitical uncertainty & fluctuating US dollar strength.
Global Gold Price Trends
While domestic prices surged, global spot gold prices slipped slightly due to a 0.09% gain in the US dollar. As of the latest update, spot gold trades above USD 3,300 per ounce, after recently touching a two-week high.
Key points:
- Spot Gold: $3,376.01 per ounce (down 0.1%)
- US Gold Futures: $3,431.10 (down 0.1%)
- Spot Silver: $37.82 per ounce (steady)
Analysts expect spot gold to find support around $3,330 & potentially rise toward $3,410, driven by speculation that the US Federal Reserve may adopt a looser monetary policy.
Domestic Gold Rates — August 6, 2025
As per the latest data:
- 24K gold rate: ₹1,02,330 per 10 grams ( ₹110)
- 22K gold rate: ₹93,800 per 10 grams ( ₹100)
- 18K gold rate: ₹76,750 per 10 grams ( ₹80)
- 100 grams of 24K gold: ₹10,23,300
- 100 grams of 22K gold: ₹9,38,000
The festive buying spree, coupled with limited supply, continues to keep gold prices in India on an upward trajectory.
Silver Rates Also Climb
The silver price in India today has also recorded its second big jump this week.
- 1 kg silver rate: ₹1,16,000
- 100 g silver rate: ₹11,600
Experts note that while silver prices may see short-term profit booking, the overall trend remains supported by industrial demand and its role as a hedge in uncertain markets."
Also Read: Budget 2024: Tax on Physical Gold vs Digital Gold
Price Outlook — Expert Analysis
According to Nirmal Bang Securities, both gold & silver could see short-term profit booking.
Trading recommendations:
- Gold: Sell at ₹1,01,300 with stop loss ₹1,01,700, target ₹1,00,800–₹1,00,500
- Silver: Sell at ₹1,13,500 with stop loss ₹1,11,500, target ₹1,12,000–₹1,11,000
However, experts like Aksha Kamboj, VP of the India Bullion & Jewellers Association (IBJA), believe that festive demand and wedding season purchases could keep gold prices in India supported in the near term.
MCX Gold and Silver Futures
The Multi Commodity Exchange (MCX) saw fluctuations in gold and silver futures on August 6:
- Gold Futures (Oct 3, 2025 maturity): ₹1,01,088 per 10 grams ( 0.25%)
- Silver Futures (Sep 5, 2025 maturity): ₹1,13,431 per kg (-0.06%)
These figures highlight short-term volatility but also reinforce the long-term bullish trend for precious metals.
City-Wise Gold Rates — August 6, 2025
Here’s the latest city-wise gold rate update:
- Chennai: 24K – ₹1,02,330 | 22K – ₹93,800
- Bangalore: 24K – ₹1,02,330 | 22K – ₹93,800
- Hyderabad: 24K – ₹1,02,330 | 22K – ₹93,800
- Mumbai: 24K – ₹1,02,330 | 22K – ₹93,800
Prices are uniform in major metros due to standardized wholesale market rates, but small variations may occur in local markets.
Why Gold Prices Are Rising
The gold rate in India today is influenced by multiple factors:
- Festive and Wedding Season Demand — Raksha Bandhan and upcoming weddings boost jewellery buying.
- Global Economic Concerns — Recession fears & weak US job market reports support safe-haven buying.
- Currency Fluctuations — A stronger US dollar limits gains globally, but rupee weakness offsets this domestically.
- Geopolitical Tensions — Uncertainty in global trade & politics increases gold’s appeal.
Also Read: Sovereign Gold Bonds: What’s Holding Back New Tranches?
Investment Outlook
Gold continues to be a safe-haven asset in times of uncertainty. For investors:
- Short-term traders may look for pullbacks to enter.
- Long-term investors can consider gold as part of a diversified portfolio."
- Silver offers potential given its industrial demand, but is more volatile.
Final Thoughts
The gold rate in India today shows no signs of cooling as festive demand, global uncertainty, and investor sentiment combine to push prices toward record highs. While short-term corrections are possible, the long-term outlook remains positive.
If you’re planning to buy jewellery, it might be wise to act before prices climb further. For investors, staying updated on MCX gold futures, global spot gold prices, and US Fed policy signals will be crucial in making informed decisions.
