Gold Drops Rs91 to Rs1,00,076 per 10 Grams, Silver at Rs1.12 Lakh/Kg Amid Global Uncertainty

Geopolitical tensions and U.S. tariffs could push gold to Rs1.04 lakh, silver to Rs1.30 lakh this year

New Delhi I Economy India: Gold and silver prices declined on Tuesday (August 5), even as global demand remained strong due to rising geopolitical tensions and new U.S. tariff policies. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold dropped rS91 to Rs1,00,076 per 10 grams, down from ₹1,00,167 a day earlier. Silver also fell ₹478 to ₹1,12,422 per kilogram.

Despite the minor decline, experts suggest precious metals are on track to hit new record highs later this year, as global economic instability and inflation fears continue to drive safe-haven investments.

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All-Time Highs and Current Trends

On July 23, gold reached an all-time high of ₹1,00,533 per 10 grams, while silver peaked at ₹1,15,850 per kilogram. Although prices have dipped slightly since, market analysts expect an upward trend to resume.

“Due to the escalating geopolitical tensions and tariff hikes from the U.S., demand for gold has risen. We expect gold prices to touch ₹1.04 lakh per 10 grams, while silver could surge to ₹1.30 lakh per kg this year,” said Ajay Kedia, Director, Kedia Advisory.

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City-wise Gold Prices on August 6, 2025 (10 grams)

City	24-Carat Gold	22-Carat Gold
Delhi	₹1,02,370	₹93,850
Mumbai	₹1,02,220	₹93,700
Kolkata	₹1,02,220	₹93,700
Chennai	₹1,02,220	₹93,700
Bhopal	₹1,02,270	₹93,750

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Year-to-Date Price Surge in Gold and Silver

Gold has seen a significant price rally since the beginning of 2025. On January 1, the price of 24-carat gold stood at ₹76,162 per 10 grams. As of August 6, it has risen by ₹24,235, now priced at ₹1,00,397. Similarly, silver has gained ₹26,411 in the same period, rising from ₹86,017 per kg to ₹1,12,428.

In comparison, gold had risen ₹12,810 in 2024 — less than half of this year’s growth so far — indicating an accelerated trend in 2025.

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Key Drivers Behind the Price Movement

Several domestic and international factors are influencing the price trajectory of precious metals:

• U.S. Tariff Escalation: President Donald Trump’s recent announcement of an additional 25% tariff on Indian goods has created market jitters, pushing investors toward gold as a safer asset.
• Geopolitical Tensions: Ongoing conflicts, especially in Eastern Europe and the Middle East, are further fueling the demand for gold and silver.
• Domestic Demand: India’s festive and wedding seasons typically generate increased demand for gold, which is expected to peak in Q4 2025.

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Expert View: Is Now the Time to Buy?

Ajay Kedia advises cautious optimism for retail investors.

“While prices are already high, global uncertainty is far from over. Investors looking at the long term may still find opportunities in gold and silver. However, short-term traders should be wary of volatility.”

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Always Choose Certified Gold

Consumers are urged to buy only BIS hallmarked gold with a valid 6-digit HUID (Hallmark Unique Identification Number). This alphanumeric code (e.g., AZ4524) assures purity and authenticity of the gold.

Hallmarking helps determine the exact karat of gold. Buying non-certified gold increases the risk of impurity and financial loss.

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What’s Next?

With the U.S. election season, rising oil prices, and interest rate uncertainty, analysts believe gold and silver will remain in the spotlight for the rest of the year.

Investors are advised to track:

• RBI’s monetary policy updates
• U.S. Federal Reserve rate decisions
• India’s import-export trade trends
• Movement in the U.S. dollar index

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Bottom Line

The recent dip in gold and silver prices may be a short-term correction in a broadly bullish market. With expectations of new highs by the end of 2025, investors and consumers alike should stay informed and make purchases wisely.

(Economy India)

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