Gold Prices Inch Up Amid Global Uncertainty; Check City-Wise Rates for May 8
Gold prices in India witnessed a moderate rise on May 8, even as the US Federal Reserve kept interest rates unchanged. The uptick is being driven by global uncertainties, especially surrounding US-China trade talks, prompting investors to flock to the safety of gold.
In Mumbai, 22-carat gold is priced at ₹90,900 per 10 grams, while the purer 24-carat variant is retailing at ₹99,150. Silver also saw a marginal gain, trading at ₹99,100 per kg - an increase of ₹100.
Gold and Silver Rates on MCX
On the Multi Commodity Exchange (MCX), gold saw a slight gain of 0.09%, reaching ₹97,180 per 10 grams. Silver, however, dipped by 0.54%, trading at ₹96,254 per kg in early morning trades.
Why Gold Remains in Demand
Despite market fluctuations, gold continues to attract buyers thanks to its dual appeal - timeless beauty and investment stability.
Recent trends show gold inching closer to ₹1 lakh per 10 grams, as economic instability and recession fears in the US fuel investor interest.
City-Wise Gold Rates in India (May 8, 2025)
What Moves Gold Prices in India?
Gold rates in India are influenced by a mix of global and local factors:
In a country where gold is both a cultural symbol and a financial asset, keeping tabs on its daily price movement is essential for buyers and investors alike.
In Mumbai, 22-carat gold is priced at ₹90,900 per 10 grams, while the purer 24-carat variant is retailing at ₹99,150. Silver also saw a marginal gain, trading at ₹99,100 per kg - an increase of ₹100.
Gold and Silver Rates on MCX
On the Multi Commodity Exchange (MCX), gold saw a slight gain of 0.09%, reaching ₹97,180 per 10 grams. Silver, however, dipped by 0.54%, trading at ₹96,254 per kg in early morning trades.Why Gold Remains in Demand
Despite market fluctuations, gold continues to attract buyers thanks to its dual appeal - timeless beauty and investment stability. - 24-carat gold: Preferred for its purity and brilliance.
- 22-carat gold: A popular choice for jewellery, balancing strength and value.
Recent trends show gold inching closer to ₹1 lakh per 10 grams, as economic instability and recession fears in the US fuel investor interest.
City-Wise Gold Rates in India (May 8, 2025)
| City | 22K Gold (10 gm) | 24K Gold (10 gm) |
|---|---|---|
| Delhi | ₹90,900 | ₹99,150 |
| Jaipur | ₹90,900 | ₹99,150 |
| Ahmedabad | ₹90,810 | ₹99,060 |
| Patna | ₹90,810 | ₹99,060 |
| Mumbai | ₹90,900 | ₹99,150 |
| Hyderabad | ₹90,900 | ₹99,150 |
| Chennai | ₹90,900 | ₹99,150 |
| Bengaluru | ₹90,900 | ₹99,150 |
| Kolkata | ₹90,900 | ₹99,150 |
What Moves Gold Prices in India?
Gold rates in India are influenced by a mix of global and local factors: - International bullion trends
- Import duties and taxes
- Currency exchange rate fluctuations
- Geopolitical events and trade tensions
In a country where gold is both a cultural symbol and a financial asset, keeping tabs on its daily price movement is essential for buyers and investors alike.
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