Gold, silver prices today (August 7): Yellow metal nears ₹1.50 lakh, silver falls below ₹2.4 lakh. Check latest rates here

Gold and silver prices remained mixed on August 7, as weakness in international bullion markets weighed on domestic rates. While gold rates neared the ₹1.50 lakh-mark, silver prices fell below ₹2.4 lakh. 

Gold prices hit ₹1,49,740 per 10 gram whereas silver rates stood at ₹2,39,900 per kg.  On the Multi Commodity Exchange (MCX), gold futures were up by 0.44% at ₹1.49 lakh per 10 grams, whereas silver futures rose by around 1.02% to ₹2.28 lakh per kilogram at the time of writing this story.

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In the retail market, gold continues to be traded mainly in two purities, 24-karat and 22-karat. While 24-karat gold is regarded as the purest form of the precious metal, 22-karat gold is widely preferred for jewellery as it offers greater strength and durability due to the presence of alloyed metals.

Market participants will continue to track global economic data, US interest rate expectations and currency movements for further direction in precious metal prices.

Check the latest gold rates here

Check the latest silver rates here

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Gold rates at top jewellers

Gold prices at leading jewellery retailers remained largely stable on 4 August 2026, with Joyalukkas and Malabar Gold & Diamonds both quoting ₹13,725 per gram across major Indian states. Tanishq's 22K gold rate stood at ₹13,770 per gram. Malabar's 24-carat gold rate stood at ₹14,422 per gram, while Tanishq's corresponding rate was ₹14,460 per gram.

The marginal differences in retail prices are influenced by brand-specific pricing policies, procurement costs, and regional market conditions, while overall bullion trends continue to guide gold prices.

*24K Tanishq rate estimated based on the prevailing purity premium over 22K gold.

Joyalukkas 22K Gold Rate by State