Gold prices in India witnessed a rise today, August 6, 2025, reflecting fluctuations in the global market and impacting local rates. Several factors influence gold rates in India, including international market trends, currency exchange rates, and local demand. Gold plays a vital role in Indian culture, seen as a symbol of prosperity and security, influencing investment decisions and consumer behavior.

Current Gold Rates in India

The price of 24-karat gold (999 purity) is ₹10,158 per gram. The rate for 22-karat gold (91.6% purity) is ₹9,313 per gram. These are indicative prices and may vary based on jeweler, location, and making charges.

City-Wise Gold Rates

Here's a glimpse of gold rates in major Indian cities today:

• Bangalore: 22K: ₹92,975 per 10 grams, 24K: ₹101,425 per 10 grams
• Chennai: 22K: ₹92,981 per 10 grams, 24K: ₹101,431 per 10 grams
• Delhi: 22K: ₹93,133 per 10 grams, 24K: ₹101,583 per 10 grams
• Kolkata: 22K: ₹92,985 per 10 grams, 24K: ₹101,435 per 10 grams
• Mumbai: 22K: ₹92,987 per 10 grams, 24K: ₹101,437 per 10 grams
• Pune: 22K: ₹92,993 per 10 grams, 24K: ₹101,443 per 10 grams
• Chandigarh: ₹1,02,412820.00 per 10 gram of 24K gold

Factors Influencing Gold Prices

• Global Market Trends: Gold rates in India are significantly influenced by international gold prices, which are often denominated in dollars.
• Currency Exchange Rates: Fluctuations in currency exchange rates, particularly the value of the Indian rupee against the US dollar, can impact gold prices.
• Local Demand: Demand for gold in India, driven by factors such as the wedding season, festivals, and investment trends, plays a crucial role in determining prices.
• Import Duties and Taxes: Import duties and other taxes levied on gold also contribute to the final price consumers pay.
• Geopolitical Tensions: Global events and geopolitical uncertainties can drive investors towards gold as a safe haven, increasing demand and prices.
• Inflation: Gold is often considered a hedge against inflation, so rising inflation can lead to increased investment in gold, pushing prices higher.

Gold as an Investment

Indians have a strong cultural attachment to gold, viewing it as a store of value and a hedge against economic uncertainty. Gold is often bought during festivals like Dhanteras and Diwali and is an essential part of wedding celebrations. Apart from physical gold, investment options like gold coins, bars, and gold ETFs are also available. Sovereign Gold Bonds (SGBs) provide an alternative, offering a fixed interest rate and periodic payouts.

Fluctuations and Recent Trends

Gold prices are subject to daily fluctuations influenced by various market factors. Recent trends show that gold rates have been experiencing fluctuations. Monitoring these fluctuations is essential for making informed decisions about buying or selling gold.