Gold prices in India declined across all major metropolitan markets on August 5, marking a shift from the gains recorded in late July.
Spot rates for both 22-carat and 24-carat bullion decreased in key cities including Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, and Kolkata, according to local market reports.
The broad-based pullback suggests a temporary cooling in domestic buying interest after a period of sustained upward pressure.
The decline follows a rally that saw gold prices advance across these same markets on July 30, with spot rates increasing in all major hubs.
That earlier move had been driven by strong local demand and broader sentiment shifts in the precious metals market.
The current retreat indicates that buyers are pausing after the recent run-up, allowing prices to consolidate near recent highs.