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In Mumbai, the price of gold stood at Rs 90,900 per 10 gram for 22-carat and Rs 99,150 per 10 gram for 24-carat.
In Mumbai, the price of gold stood at Rs 90,900 per 10 gram for 22-carat and Rs 99,150 per 10 gram for 24-carat.
Gold Price Today In India, May 8: Gold prices on Thursday rose despite the US Federal Reserve holding interest rates steady, driven largely by uncertainty around US-China trade negotiations that has boosted demand for safe-haven assets. In Mumbai, the price of gold stood at Rs 90,900 per 10 gram for 22-carat and Rs 99,150 per 10 gram for 24-carat.
Silver prices also rose by 100 to Rs 99,100 per kg.
On the MCX, gold was trading higher by 0.09 per cent to trade Rs 97,180 per 10 gram in the morning, followed by Silver with a loss of 0.54 per cent or Rs 96,254 per kg.
Recently, gold prices hit the Rs 1 lakh mark after increasing for the past few weeks amid global economic uncertainties and US recession fears.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Here’s a detailed breakdown of gold prices across key cities (May 08, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 90,900 | Rs 99,150 |
| Jaipur | Rs 90,900 | Rs 99,150 |
| Ahmedabad | Rs 90,810 | Rs 99,060 |
| Patna | Rs 90,810 | Rs 99,060 |
| Mumbai | Rs 90,900 | Rs 99,150 |
| Hyderabad | Rs 90,900 | Rs 99,150 |
| Chennai | Rs 90,900 | Rs 99,150 |
| Bengaluru | Rs 90,900 | Rs 99,150 |
| Kolkata | Rs 90,900 | Rs 99,150 |
Silver Price In India Today (May 08, 2025)
The price of silver experienced a rise of Rs 100 to trade at Rs 99,100 per kg in Mumbai, according to goodreturns.in.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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