Gold becomes ₹24,541 costlier in 2025 so far; Experts predict it may touch ₹1.04 lakh per 10g this year
📅 By Economy India Business Desk | August 7, 2025
New Delhi – Gold prices in India surged to a fresh all-time high on August 7, 2025, amid rising global uncertainty and sustained demand from domestic and international buyers. As per data from the India Bullion and Jewellers Association (IBJA), 24-carat gold opened at ₹1,00,904 per 10 grams and closed at ₹1,00,703, registering a gain of ₹251 compared to the previous day’s closing.
This marks the highest closing price ever recorded for gold in India, surpassing the previous record of ₹1,00,452 per 10 grams seen on August 6.
💹 Silver Also Jumps ₹1,765 to ₹1,15,250/kg
Alongside gold, silver prices soared sharply by ₹1,765 per kilogram, reaching ₹1,15,250. On Wednesday, silver had closed at ₹1,13,485/kg. However, it remains slightly below its all-time high of ₹1,15,850, which was recorded on July 23, 2025.
📍 City-wise Gold Prices on August 7, 2025
| City | 24 Carat (₹/10g) | 22 Carat (₹/10g) |
|---|---|---|
| Delhi | ₹1,02,700 | ₹94,150 |
| Mumbai | ₹1,02,550 | ₹94,000 |
| Kolkata | ₹1,02,550 | ₹94,000 |
| Chennai | ₹1,02,550 | ₹94,000 |
| Bhopal | ₹1,02,600 | ₹94,050 |
Prices include taxes and vary slightly across cities due to logistics, local demand, and state levies.
📈 Gold Up ₹24,541 in 2025 So Far
Gold has become significantly costlier in 2025. Since January 1:
- 24-carat gold has risen from ₹76,162 to ₹1,00,703 per 10 grams — a gain of ₹24,541.
- Silver has jumped from ₹86,017/kg to ₹1,15,250/kg — a rise of ₹29,233.
In comparison, gold rose ₹12,810 in all of 2024, showing that price growth has doubled year-on-year.
🗣️ Expert View: Gold May Touch ₹1.04 Lakh, Silver ₹1.3 Lakh in 2025
According to Ajay Kedia, Director of Kedia Advisory, global geopolitical tensions, especially driven by U.S. tariffs and trade friction, are boosting demand for safe-haven assets like gold and silver.
“Gold is getting strong support amid economic and geopolitical uncertainty. We expect gold to reach ₹1.04 lakh and silver to touch ₹1.30 lakh per kg this year,” said Kedia.
With interest rate cuts anticipated in the U.S. and a weak dollar, gold remains a favored investment choice globally.
🛡️ Investor Advice: Buy BIS-Certified Hallmarked Gold
Experts advise consumers and investors to:
- Always buy BIS-certified gold with 6-digit Hallmark Unique Identification Number (HUID).
- HUID looks like AZ4524 and confirms the purity and authenticity of gold.
- Avoid unverified gold purchases, especially during festive or wedding seasons.
📊 Why Are Gold and Silver Prices Rising?
Several domestic and international factors are driving the price surge:
| Factor | Impact on Gold/Silver Prices |
|---|---|
| U.S.-China tariff tensions | ↑ Global risk, ↑ safe-haven demand |
| Weakening U.S. Dollar | ↑ Global gold prices |
| Inflation & central bank easing | ↑ Precious metals as hedge |
| Indian festive/wedding demand | ↑ Seasonal buying in urban/rural |
| Limited mining supply globally | ↑ Supply constraints |
🔮 What Lies Ahead for Precious Metals Market?
With global central banks signaling a shift toward monetary easing, gold and silver may continue their upward journey. Analysts expect further volatility leading up to the U.S. Presidential elections, inflation data, and upcoming festive season demand in India.
For Indian investors, gold remains a reliable store of value, especially amid concerns about stock market correction and currency depreciation.
(Economy India)
