With Raksha Bandhan just around the corner, there has been a noticeable fluctuation in the prices of gold and silver across the country. Today, in Bhopal, the gold prices surged, reaching ₹101,530 per 10 grams. Silver, too, saw a significant increase, becoming ₹630 costlier. These changes come right before the festival, and many people are now keeping a close watch on the market trends to decide whether to buy gold or silver.

Gold Prices in Bhopal on 7th August 2025

In Bhopal, as of Thursday morning, gold prices have seen an uptick. The 22-carat gold rate in the city was ₹93,069 per 10 grams, showing an increase of ₹250 from the previous day. The 24-carat gold, which is often preferred for its purity, reached ₹101,530 per 10 grams, which is a ₹150 increase compared to the previous day’s price of ₹101,380. These price increases suggest a surge in demand as the festival season approaches, which is a common trend in the lead-up to Raksha Bandhan.

The price of silver in Bhopal on 7th August 2025 was ₹114,600 per kilogram, reflecting an increase of ₹630 from ₹113,970 on the previous day. This rise in both gold and silver prices indicates market volatility, which many buyers are closely monitoring before making their purchases.

Gold and Silver Price Trends Across India

The gold prices across India have also followed a similar upward trend. On 7th August 2025, the 24-carat gold price in India was ₹101,610 per 10 grams, a slight increase from ₹101,460 per 10 grams on the previous day. Silver prices in India on the same day were ₹114,680 per kilogram, up from ₹114,050 per kilogram on the previous day. These market shifts suggest that the price increase is not limited to specific regions but is occurring nationwide.

Price Fluctuations in the Context of Raksha Bandhan

As Raksha Bandhan approaches, there is an increase in demand for gold and silver, which traditionally holds high importance during this festival. The price of gold has risen by ₹250, while silver has increased by ₹630, reflecting the growing interest in purchasing these precious metals for gifting and investments.

Given the cultural significance of gold and silver during Indian festivals, these price hikes are expected to continue for a while, especially in the days leading up to Raksha Bandhan. People who had planned to buy gold or silver jewelry during this period will need to consider these fluctuations before making their final purchases.

BIS Hallmark: A Guarantee of Authentic Gold

If you are planning to buy gold jewelry, it is essential not to compromise on quality. Always ensure that the jewelry is hallmarked, as the BIS Hallmark serves as the official guarantee of the gold’s authenticity. The Bureau of Indian Standards (BIS) determines the hallmark for gold in India. The hallmark stamp for each karat of gold is distinct, ensuring that the gold being purchased is pure and not adulterated. If you do not check for this hallmark, there is a risk that the gold may be mixed with other metals, which could affect its quality and value.

Therefore, it is highly recommended to carefully inspect any jewelry you are purchasing and verify the hallmark before finalizing the transaction. This step will not only ensure you are buying authentic gold but will also safeguard you from buying counterfeit or mixed gold.

With gold and silver prices fluctuating just before Raksha Bandhan, it is important for buyers to stay informed about the current rates and trends. The recent increase in gold and silver prices in Bhopal and across India highlights the impact of market conditions, including demand spikes during festive seasons.

For those looking to invest in gold or silver, it is advisable to monitor the price trends closely and make decisions based on the most favorable time for purchase. Given the cultural importance of gold during Raksha Bandhan, many buyers will likely continue to make their purchases in the coming days.

At the same time, ensuring that any gold purchased is hallmarked is essential to guarantee its authenticity. With the growing popularity of online and physical gold stores, taking the necessary precautions to verify the quality of gold jewelry will protect buyers from fraudulent products.