Gold Price Today has seen a slight increase on August 7, 2025. As Raksha Bandhan approaches, gold prices are showing an upward trend once again. The rate of gold per 10 grams has gone up compared to the previous day, bringing excitement and concern for both buyers and investors. Whether you’re in Delhi, Mumbai, Gujarat, or any other part of the country, here’s everything you need to know about today’s gold and silver prices.
Gold Price Today – What Has Changed?
On Thursday, August 7, gold prices have become slightly more expensive. The price of 10 grams of gold has increased by ₹100 compared to yesterday. This may seem like a small jump, but it reflects a growing trend, especially around the festive season when demand usually rises.
The increase in gold prices is being observed just ahead of Raksha Bandhan, a festival when many families buy gold as gifts or for investment. In states like Delhi, Uttar Pradesh, Rajasthan, and Bihar, 24-carat gold is now trading above ₹1,02,400 per 10 grams.
This increase comes as no surprise, considering the steady demand and fluctuations in the global market.
Silver Price Today – A Sharp Rise
Along with gold, the price of silver has also seen a sharp rise. The cost of 1 kg of silver is now trading at ₹1,16,100 in major Indian states. This is ₹1,000 higher than the previous day, which is a significant jump for silver in a single day.
Silver, just like gold, is affected by both domestic and international market trends. The recent hike may also reflect increased demand ahead of festivals and ongoing volatility in the global economy.
Current Gold Rates in Major Metro Cities (August 7, 2025)
Here’s a quick look at the latest Gold Price Today in some of India’s biggest cities:
| City | 24 Carat (per 10g) | 22 Carat (per 10g) |
|---|---|---|
| Ahmedabad | ₹1,02,600 | ₹94,050 |
| Delhi | ₹1,02,490 | ₹93,960 |
| Mumbai | ₹1,02,340 | ₹93,810 |
| Chennai | ₹1,02,340 | ₹92,960 |
| Bengaluru | ₹1,02,340 | ₹93,810 |
| Kolkata | ₹1,02,340 | ₹91,400 |
These rates may vary slightly depending on local taxes and jeweller charges, but the overall trend remains consistent across the country.
How Is the Gold Price Decided in India?
The price of gold in India is not fixed and changes daily. Several global and domestic factors influence these changes, including:
- International gold rates
- Dollar-rupee exchange rate
- Import duties and government taxes
- Global market trends and economic uncertainties
When there is instability in the global market, investors tend to shift their focus toward safer assets like gold. This increases demand and pushes prices upward.
In addition, domestic factors like festivals, wedding seasons, and investment preferences also play a big role. During Indian festivals such as Diwali, Akshaya Tritiya, and Raksha Bandhan, the demand for gold increases significantly, which often results in a price rise.
Why Is Gold So Important in India?
In India, gold is not just a metal; it holds emotional, cultural, and financial value. It is considered highly auspicious to buy gold during festivals and special occasions. From weddings to religious ceremonies, gold plays a central role in Indian traditions.
Gold is also seen as a symbol of wealth and prosperity. Many families invest in gold as a secure asset that can provide financial support in times of need. It is often passed down through generations as a form of inherited wealth.
Historically, gold has also been known to beat inflation and offer better long-term returns than many other investment options. This makes it a popular choice for both short-term buyers and long-term investors.
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Conclusion
The Gold Price Today on August 7, 2025, shows a modest increase, driven by rising demand ahead of Raksha Bandhan and changing global conditions. Silver, too, has seen a noticeable jump. Whether you’re buying for a festival, investment, or wedding, it’s important to keep an eye on daily gold and silver rates.
Before making any purchase, check the latest prices with your local jeweller and compare rates across cities if needed. Gold remains one of the most trusted and time-tested assets in India—and it looks like that tradition will continue well into the future.