Gold Rate Today, August 7: Prices continue to surge; check 24, 22 and 18K rates across Joyallukas, Kalyan Jewellers and others

Gold prices rose for the third consecutive day on Friday (August 7, 2026). According to GoodReturns.in, 24 carat gold increased in price by ₹160 to ₹1,49,890 per 10 gm. Similarly, 22 and 18 carat gold surged in price by ₹150 and ₹120 to ₹1,37,400 and ₹1,12,420 per 10 gm, respectively.

In the last three days, gold prices have increased by up to ₹5,890 per 10 gm.

Driven by a host of factors including, lingering uncertainty around West Asia conflict, rate hike concerns and a weaker rupee among others, gold prices in India are surging close to record highs.

On August 7, 2026, gold prices per gm across major brands are as follows:

The below specified prices are taken from the respective retailer's website as around 10 am.

Joyalukkas: 24 carat gold quoted at ₹14,973 per gm, while 22 carat gold was priced at ₹13,725 per gm. Meanwhile, 18 carat gold was available for ₹11,230 per gm.

Kalyan Jewellers: 24 carat gold today is priced at ₹14,973 per gm, while 22 carat gold is available for ₹13,725 per gm. 18 carat gold is retailing for ₹11,230 per gm.

India Bullion and Jewellers Association (IBJA): 999 purity gold in the evening session on August 6 traded at ₹1,48,440 per 10 gm.

Factors influencing gold rate in India today

Tracking gains in the international bullion market, gold prices on the MCX traded in the green. At around 10 am, gold futures for October delivery traded higher by 0.56% or ₹840 at ₹1,49,698 per 10 gm.

Supported by softness in oil prices amid hopes of an early end to the US-Iran war, gold internationally was on course for its strongest weekly gain since January.

Lower oil prices help reduce inflationary pressure while lowering expectations of prolonged high interest rates in the economy. Gold is an inflation hedge, but higher interest rates dent its appeal as it is a non-interest yielding asset.

Spot gold, at the time of writing this copy, traded higher by 0.58% at $4,265.18 per ounce. US gold December futures were up 0.56% at $4,323.65 per ounce.

Meanwhile, market participants awaited the US nonfarm payrolls report for cues on the Federal Reserve's next interest rate move.