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Gold Price Today In India: Gold prices in India increased by Rs 800, trading above Rs 1,02,000 per 10 gram for 24-carat.
Gold Rate Jump Across India
Gold Price Today In India, August 05: Gold prices appreciated Rs 800 on Tuesday morning to trade above Rs 1,02,000 per 10 gram for 24-carat across India amidst the sustained appeal of the metal as a safe-haven asset due to heightened global uncertainties.
In Mumbai, gold prices traded at Rs 1,02,220 per 10 gram for 24-carat gold. Likewise, the price for 22-carat was Rs 93,700 per 10 gram.
The upward momentum is being driven by persistent geopolitical tensions, expectations of a US Fed rate cut, and a softer dollar index, said Aksha Kamboj, VP, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.
“Domestically, the ongoing festive season and robust wedding demand will further underpin prices. Additionally, elevated inflationary pressures and continued central bank buying are providing a solid floor for bullion,” she added.
Silver price, however, saw a marginal fall during the morning.
However, in the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading marginally lower by 0.09% at Rs 1,01,113 per 10 gram, whereas silver (expiring on September 5, 2025) traded 0.08% up at Rs 1,12,327 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 05?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 93,850 | Rs 1,02,370 |
| Jaipur | Rs 93,850 | Rs 1,02,370 |
| Ahmedabad | Rs 93,750 | Rs 1,02,270 |
| Patna | Rs 93,750 | Rs 1,02,270 |
| Mumbai | Rs 93,700 | Rs 1,02,220 |
| Hyderabad | Rs 93,700 | Rs 1,02,220 |
| Chennai | Rs 93,700 | Rs 1,02,220 |
| Bengaluru | Rs 93,700 | Rs 1,02,220 |
| Kolkata | Rs 93,700 | Rs 1,02,220 |
RBI MPC Meeting Kicks-Off
RBI August MPC meeting has kicked off on August 04 to discuss the repo rate cuts. The central bank will announce the decision on Friday, August 06 on the repo rate. In the last meet, RBI had unexpectedly slashed the repo rate by 50 bps to 5.50 per cent from earlier 6 per cent.
Meanwhile, new 25% tariffs on Indian goods with an additional penalty by President Donald Trump has come into effect from 25 per cent, impacting $ 87 billion trade dynamics with the US.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in excange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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