Gold Prices in India Continue to Rise as Market Finds Support

Gold prices in India continued to rise on August 7, following three consecutive days of gains. The price of 24K gold increased by ₹16 to ₹14,989 per gram, while 22K gold rose by ₹15 to ₹13,740 per gram.

The market has been recovering from a brief correction at the start of August, and prices have remained close to their highest level this month across most major cities. Despite a slower pace of gains compared to earlier in the week, the market appears to be finding support.

According to HDFC Sky, gold's recovery is still intact, with prices largely holding their ground despite higher levels. This suggests that buyers remain comfortable at current prices, and sentiment continues to favor the precious metal.