Cold-start items remain a persistent challenge in recommender systems due to their lack of historical user interactions, which collaborative models rely on. While recent zero-shot methods leverage large language models (LLMs) to address this, they often struggle with sparse metadata and hallucinated or incomplete knowledge. We propose ColdRAG, a retrieval-augmented generation approach that builds a domain-specific knowledge graph dynamically to enhance LLM-based recommendation in cold-start scenarios, without requiring task-specific fine-tuning. ColdRAG begins by converting structured item attributes into rich natural-language profiles, from which it extracts entities and relationships to construct a unified knowledge graph capturing item semantics. Given a user's interaction history, it scores edges in the graph using an LLM, retrieves candidate items with supporting evidence, and prompts the LLM to rank them. By enabling multi-hop reasoning over this graph, ColdRAG grounds recommendations in verifiable evidence, reducing hallucinations and strengthening semantic connections. Experiments on three public benchmarks demonstrate that ColdRAG surpasses existing zero-shot baselines in both Recall and NDCG. This framework offers a practical solution to cold-start recommendation by combining knowledge-graph reasoning with retrieval-augmented LLM generation.