Gold eases monthly but remains over 42% higher year-on-year, shaping jewellery demand
India’s 24K gold price was quoted at Rs 1,44,280 per 10 gm on Aug. 5, while 22K gold stood at Rs 1,32,257. Gold was down more than 2% over one month but up over 42% year-on-year; silver was down over 6% monthly and up over 95% annually.
Indian gold and silver prices remained sharply higher year-on-year despite recent monthly declines. Chennai recorded the highest quoted rates among major cities, while Delhi was the lowest, informing jewellery retail pricing, inventory and consumer demand planning.
Why this matters
No related recent retail-company signals are available; the update shows how elevated gold prices may influence jewellery demand despite a monthly decline.
Retail-company signals are accelerating, up 205771% QoQ.