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Gold prices in India rose slightly on August 06, trading above Rs 1,02,000 per 10 gram for 24-carat gold due to global uncertainties.
Gold Price Today, August 6.
Gold Price Today In India, August 06: Gold prices appreciated marginally on Wednesday 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 1,02,230 per 10 gram for 24-carat gold. Likewise, the price for 22-carat was Rs 93,710 per 10 gram.
Silver price also saw a marginal upward momentum to rise to Rs 1,15,000 per kg.
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.
However, in the futures market on the MCX, gold futures (expiring on October 03, 2025) were trading marginally lower by 0.23% at Rs 1,01,106 per 10 gram, whereas silver (expiring on September 5, 2025) traded 0.18% down at Rs 1,13,299 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 06?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 93,860 | Rs 1,02,380 |
| Jaipur | Rs 93,860 | Rs 1,02,380 |
| Ahmedabad | Rs 93,760 | Rs 1,02,280 |
| Patna | Rs 93,760 | Rs 1,02,280 |
| Mumbai | Rs 93,710 | Rs 1,02,230 |
| Hyderabad | Rs 93,710 | Rs 1,02,230 |
| Chennai | Rs 93,710 | Rs 1,02,230 |
| Bengaluru | Rs 93,710 | Rs 1,02,230 |
| Kolkata | Rs 93,710 | Rs 1,02,230 |
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 today, 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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