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Gold prices in the country have risen again on August 7. In the capital, Delhi, the price of 24-carat gold has increased to ₹1,49,870 per 10 grams this morning. Domestic gold prices are surging due to a rise in the cost of precious metals globally. In the international market, spot gold stands at $4,235.57 per ounce. Global gold prices have climbed 4.8 percent so far this week.

US President Donald Trump has expressed hope that the conflict with Iran will end soon. An agreement between the US and Iran would lead to the full reopening of the Strait of Hormuz, a vital maritime route. This expectation has alleviated concerns regarding inflation. Consequently, worries about a potential hike in benchmark interest rates by the US Federal Reserve have also subsided.

Gold rates in major cities across the country:

Gold price in Delhi: The price of 24-carat gold in Delhi is ₹1,49,870 per 10 grams, while the rate for 22-carat gold is ₹1,32,240 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹1,37,260 per 10 grams, and the price of 24-carat gold is ₹1,49,740 per 10 grams.

Gold price in Chennai: The price of 24-carat gold is ₹1,50,010 per 10 grams, and the rate for 22-carat gold is ₹1,37,510 per 10 grams.

Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹1,49,740 per 10 grams, and the price of 22-carat gold is ₹1,37,260 per 10 grams.

City    Today's Price of 22-Carat Gold (₹)    Today's Price of 24-Carat Gold (₹)
Delhi                             137,410                           149,870
Mumbai                         137,260                           149,740
Ahmedabad                  133,660                            149,790
Chennai                         137,510                          150,010
Kolkata                         137,260                            149,740
Hyderabad                   137,260                             149,740
Jaipur                           137,410                             149,870
Bhopal                         133,660                               137,310
Lucknow                      137,410                                149,870
Chandigarh                137,410                                 149,870

Silver Price

A decline in the price of silver—another precious metal—is being observed across the country on the morning of August 7. Silver is now priced at ₹239,900 per kilogram. In the international market, the price of spot silver stands at $61.26 per ounce.

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