On August 5, 2026, India's 24‑karat gold price rose to ₹14,575 per gram, while 22K and 18K settled at ₹13,360 and ₹10,931 respectively. Ongoing Middle‑East tensions keep the market volatile, driving daily price swings.
Key Takeaways
- 24K gold now ₹14,575/gram
- 22K gold ₹13,360/gram, 18K gold ₹10,931/gram
- Geopolitical tensions cause daily price volatility
On August 5, 2026, gold prices in India ticked higher across the board. According to Good Returns, 24‑karat gold now trades at ₹14,575 per gram, an increase of ₹175 from the previous day. The 22‑karat and 18‑karat grades stand at ₹13,360 and ₹10,931 per gram, reflecting modest gains of ₹160 and ₹131 respectively.
City‑wise Rates
| City | 24K (₹/g) | 22K (₹/g) | 18K (₹/g) |
|---|---|---|---|
| Chennai | 14,575 | 13,360 | 11,175 |
| Mumbai | 14,575 | 13,360 | 10,931 |
| Delhi | 14,590 | 13,375 | 10,946 |
| Kolkata | 14,575 | 13,360 | 10,931 |
| Bangalore | 14,575 | 13,360 | 10,931 |
| Hyderabad | 14,575 | 13,360 | 10,931 |
Historical Background
Over the past two decades, Indian gold prices have been highly sensitive to global economic shocks, oil price fluctuations, and monetary policy shifts. The COVID‑19 pandemic (2020‑2022) amplified gold’s role as a safe‑haven, pushing prices to record highs.
Why This Matters
BozokMedia analysis shows that heightened Middle‑East tensions and a spike in oil prices are steering investors toward gold, causing rapid local price adjustments. This directly influences consumer buying power and portfolio strategies across India.
"Gold prices are extremely reactive to geopolitical risk, so daily market monitoring is essential for investors."
Frequently Asked Questions
Q1: Will gold prices continue to rise in the coming weeks?
A: If Middle‑East tensions persist and oil remains pricey, further price hikes are likely.
Q2: How should investors manage the volatility in gold prices?
A: Many adopt a long‑term safe‑haven approach, ignoring short‑term swings while maintaining a diversified portfolio.
