Revenue growth driven by gold prices In the second quarter, KGC experienced a significant boost in revenue, primarily driven by the surge in gold prices. The global economic climate, marked by inflationary pressures and geopolitical tensions, has led to increased demand for gold as a safe-haven asset.

Domestic market trends On Tuesday, the domestic market witnessed varied movements in the prices of precious metals. The price of silver experienced a notable increase, capturing the attention of investors and traders alike. This surge in silver prices was attributed to heightened demand and market speculation, which drove up the value significantly.

Current gold prices in major cities As of August 5, the price of 24k gold per 10 grams in major cities across India is as follows: Mumbai: Rs 1,01,133 Delhi: Rs 1,01,150 Bangalore: Rs 1,01,120 Hyderabad: Rs 1,01,140 Chennai: Rs 1,01,160 Kolkata: Rs 1,01,130 Pune: Rs 1,01,125 Ahmedabad: Rs 1,01,135 The price of 22k gold per 10 grams in these cities is slightly lower, reflecting the difference in purity and market demand.

Factors driving the surge in gold prices The remarkable 29% increase in gold prices in 2025 can be attributed to several key factors. One of the primary drivers was the heightened geopolitical tensions that created uncertainty in global markets. Investors often turn to gold as a safe haven during times of instability, leading to increased demand and, consequently, higher prices.

Impact of U.S. employment figures on precious metals The recent release of U.S. employment figures has had a significant impact on the precious metals market. Weak employment data often signals economic uncertainty, prompting investors to seek safer assets. Precious metals, particularly gold, are traditionally viewed as a hedge against economic instability and inflation.