Gold Hits New High Across Indian Cities on August 6, 2025; Silver Stays Strong Amid Global Uncertainty
Gold prices surged to record levels across major Indian cities today, driven by rising global uncertainties and strong domestic demand. In the retail market, 24-carat gold touched ₹1,01,180 per 10 grams, while 22-carat gold was priced at ₹92,748 per 10 grams in cities like Mumbai, Delhi, and Chennai. Notably, Chennai recorded the highest retail rate at ₹1,01,340 per 10 grams.
On the Multi Commodity Exchange (MCX), gold futures traded near ₹1,00,900 per 10 grams, reflecting strong investor interest. Silver prices also held firm, staying above ₹1,12,400 per kilogram in most cities, reinforcing its position as a secondary safe-haven asset.
The surge in prices is largely attributed to ongoing geopolitical tensions, particularly tariff threats from US President Trump, a weaker US dollar, and sustained inflationary pressures. Analysts note that these factors are increasing the global appetite for precious metals like gold and silver.
Over the past two decades, gold has delivered exceptional returns in India over 1,200% growth as of June 2025 making it one of the most reliable long-term assets. Silver, too, has demonstrated resilience, now consistently trading well above ₹1 lakh per kilogram.
As of today, the average per gram price across the country stands at ₹10,233 for 24-carat gold and ₹9,380 for 22-carat gold, registering moderate gains from yesterday. With upcoming festivals like Raksha Bandhan and uncertainty surrounding the Reserve Bank of India’s policy decisions, experts anticipate prices to remain elevated in the near term.
However, investors are urged to exercise caution. Price fluctuations may continue, influenced by international economic policies, currency exchange rates, and seasonal demand spikes. It`s also important to note that retail prices may vary due to differences in jeweller making charges, GST, and local taxes.
Conclusion: In 2025’s volatile global economic climate, gold and silver have emerged as strong, reliable assets, supported by global risk factors and steady domestic consumption.
