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Gold Rate Today – August 6, 2025: Just days ahead of Raksha Bandhan, the price of gold in India has seen a sharp rise. On Wednesday, August 6, gold prices climbed by up to ₹600 per 10 grams compared to the previous day, pushing rates to new highs in major cities. Investors are closely watching the trend as both domestic and international factors drive prices upward.

Gold Prices Cross ₹1.02 Lakh in Key Cities

According to the latest market data, 24-carat gold is trading above ₹1,02,000 per 10 grams in cities like Delhi, Jaipur, Lucknow, Noida, and Ghaziabad. Here's a quick look at the gold prices in major cities:

Silver Also on the Rise

Silver prices have surged alongside gold. On August 6, silver was trading at ₹1,15,100 per kilogram, marking a sharp rise of ₹2,200 from the previous day. This rise is largely attributed to increased demand in both retail and industrial segments, as well as global market movements.

Why Are Gold Prices Rising?

The current surge in gold prices can be linked to multiple global and domestic factors:

1. Safe Haven Buying by Investors

As uncertainty looms over the global economy, gold is being viewed as a safe investment option. Weak job data from the United States has increased expectations that the Federal Reserve may cut interest rates soon. In such scenarios, investors tend to shift their money from high-risk assets to gold, driving up demand and prices.

2. Impact of International Events

Recent geopolitical developments have also contributed to the price rally. Former US President Donald Trump’s remarks about imposing high taxes on India over oil imports from Russia have created economic jitters. As a result, the Indian rupee weakened, slipping to ₹88 against the US dollar. A weaker rupee makes imported gold more expensive, further pushing up domestic prices.

How Are Gold Prices Determined in India?

Gold prices in India are influenced by a mix of global and local factors:

• International gold prices

• Import duties and taxes

• Rupee to dollar exchange rate

• Domestic demand and supply trends

In India, gold is not just seen as an investment asset but also plays a significant cultural and traditional role—especially during weddings and festivals like Raksha Bandhan. That’s why even small fluctuations in price have a direct impact on consumer sentiment and buying decisions.

What’s Next for Gold Buyers?

With festivals approaching and international uncertainties still in play, experts predict that gold prices may remain volatile in the coming weeks. Consumers planning to buy gold for Raksha Bandhan or upcoming weddings are advised to track prices closely and make purchases accordingly.