Indian Gold Price Hits Seven-Week High Amid Rising Global Demand
The gold price in India rose to ₹14,973 per gram for 24K gold and ₹13,725 per gram for 22K gold on August 6, 2026. This surge was driven by robust international demand for safe-haven investments and improved market sentiments.
The prices of gold have increased for the fourth consecutive trading session, with spot gold reaching a seven-week high at $4,285.84 per ounce. US gold futures rose to $4,345.80 per ounce, up 0.9% from the previous day. The domestic price of 24K gold was up by ₹289 per gram, while the price of 22K gold was up by ₹265 per gram.
The market mood became positive due to the depreciation of the US dollar and bonds. This has led to a flow of investment into safe assets, such as gold, due to declining fears of inflation and weakening currency.