Gold Price: Gold became expensive on today, know how much the price increased

In the big states of the country, the price of 1 kg of silver is trading at Rs 1,16,100 per kg. Today the price of silver has increased by Rs 1000 compared to yesterday.

New Delhi: Today, on Thursday 7th August, gold again became expensive. However, compared to today, the price of 10 grams of gold has increased by only Rs 100. Gold prices have started increasing before Rakshabandhan. In states like Delhi, UP, Rajasthan, Bihar, the price of 24 carat gold is trading above Rs 1,02,400. Know here the price of gold and silver on 7th August 2025.

Silver price

In the big states of the country, the price of 1 kg of silver is trading at Rs 1,16,100 per kg. Today the price of silver has increased by Rs 1000 compared to yesterday.

Reasons for rising gold prices

Stockists i.e. wholesale traders are continuously buying gold. When the demand in the market increases, the prices also go up. Apart from this, people have started buying gold as a safe investment because they feel uncertainty in the economic situation. This also pushed up the prices.

Some events at the international level also affected the price of gold. Former US President Donald Trump has warned of imposing new duties on medicines and chips. This has created an atmosphere of fear in the global market, as new taxes can put pressure on the economy. Whenever such instability occurs, people buy gold considering it a safe investment, which increases its price. This is why gold prices saw a rise.

Gold Rate for Thursday 7 August 2025

City Name  22 Carat Gold Rate   24 Carat Gold Rate
Delhi           93,960                         1,02,490

Chennai     93,810                          1,02,340

Mumbai     93,810                         1,02,340

Kolkata       91,400                         1,02,340

Jaipur        93,960                         1,02,490

Noida          93,960                       1,02,490

Ghaziabad  93,960                      1,02,490

Lucknow    93,960                      1,02,490

Bengaluru  93,810                      1,02,340

Patna         93,810                      1,02,340

How is the price of gold decided in India?

The price of gold is determined on the basis of international market rates, import duty and tax, exchange rate between rupee and dollar, balance of demand and supply. In India, gold is used not only for investment but also traditionally in weddings and festivals, so the change in prices directly affects the people.