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Commodities

Gold Prices Surge ₹200 in India Amid Overseas Rally

Guavy AI Editorial Team
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Gold
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Gold prices in India rose for the fourth consecutive day to reach ₹1.54 lakh per 10 grams on August 7, 2026.

The precious metal gained ₹200 from Thursday's closing price of ₹1.53,800 per 10 grams, according to local traders.

This increase in gold prices comes amid a sharp rally in overseas markets, with spot gold rising by 2% to $4,325.43 per ounce, and silver advancing over 4% to around $64 an ounce.

Gaurav Garg, Head of Research at Lemonn Markets Desk, attributed the rise in gold prices to a weak US dollar, easing inflation expectations, and continued demand for bullion ahead of the US non-farm payrolls report.

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