Key Points:
- Gold reached a historic high on August 6, 2025, with 24-carat gold at ₹1,00,672 per 10 grams up ₹596 in a single day.
- Silver surged by ₹1,154 to hit ₹1,13,576 per kg; previous all-time high was ₹1,15,850 on July 23.
- Gold prices are expected to climb up to ₹1,04,000 per 10g and silver could reach ₹1,30,000 per kg by year-end, supported by global geopolitical tensions and rising demand.
- Gold rates in major metros have breached the ₹1 lakh mark, with Delhi at ₹1,02,480 (24k), Mumbai and Kolkata at ₹1,02,330.
- Volatility driven by international factors: US tariffs, safe-haven demand, and ongoing economic uncertainties.
New Delhi: Indians woke up to a bullion bonanza on Wednesday, August 6, as gold prices shot up to an all-time high, smashing previous records and taking the precious metal solidly above ₹1 lakh per 10 grams. The latest data from the India Bullion and Jewellers Association (IBJA) reports that 24-carat gold is now priced at ₹1,00,672 per 10 grams, a daily increase of ₹596. This comes after Tuesday’s price was recorded at ₹1,00,076.
Silver joined the rally, climbing by ₹1,154 to reach ₹1,13,576 per kg, showing renewed strength after its late-July peak of ₹1,15,850.
Prices in Major Cities Gold At All-Time High Everywhere
The surging prices aren’t just limited to the national average. Here’s a look at gold rates across key metros (per 10g, as of August 6):
| City | 24 Carat Gold | 22 Carat Gold |
|---|---|---|
| Delhi | ₹1,02,480 | ₹93,950 |
| Mumbai | ₹1,02,330 | ₹93,800 |
| Kolkata | ₹1,02,330 | ₹93,800 |
| Chennai | ₹1,02,330 | ₹93,800 |
Lower purity gold has also seen a surge:
- 22-carat: ₹92,216 per 10g nationally
- 18-carat: ₹75,504 per 10g
Why Are Prices Surging?
Industry analysts say the continued upward momentum results from a combination of factors:
- Geopolitical Uncertainty: Ongoing US-China trade frictions, fresh US tariffs, and conflicts in Europe and West Asia are pushing global investors toward gold as a safe haven.
- Rupee Volatility: The rupee continues to fluctuate against the US dollar, raising bullion import costs in India.
- Domestic Demand: The traditional wedding and festive season, combined with gold’s proven ability to hedge inflation, is driving purchases.
- Forecasts:
- According to Sona Kedia Advisory, gold prices could climb up to ₹1,04,000 per 10g by year-end if current geopolitical and inflationary trends persist.
- Silver, fueled by industrial and investment demand, could reach ₹1,30,000 per kg in coming months.
Recent Trend Recap
- August 6, 2025: Gold at ₹1,00,672 per 10g (up ₹596), Silver at ₹1,13,576 per kg (up ₹1,154)
- August 5: Gold at ₹1,00,076; Silver at ₹1,12,422
- Late July: Silver set an all-time high of ₹1,15,850 on July 23
What Should Consumers Do?
- Buyers should monitor prices closely and consult local jewelers for the latest rates and possible opportunities.
- Investors see current volatility as attractive for long-term holding, given uncertain global markets and a weak rupee.
Gold has never been more valuable in India, and with both domestic and international factors favoring further gains, the coming months could see even higher records in the bullion market. Stay tuned and expect further fireworks from the yellow metal!
