Gold Rates on April 8: Prices Drop in Chennai, Mumbai, Delhi & Kolkata Amid Global Market Volatility

Gold lost some of its glitter in the Indian market on April 8, 2025, with prices dropping by as much as ₹600 per 10 grams across major cities. The dip comes in response to global economic uncertainties, including new tariff tensions led by former U.S. President Donald Trump . Meanwhile, silver prices showed little movement in the domestic market.

Gold Prices Take a Hit

• On Tuesday morning, gold prices fell notably across India.
• Market watchers attribute the dip to rising global volatility and macroeconomic concerns.
• In Mumbai, 22-carat gold was priced at ₹82,250 per 10 grams, while 24-carat gold stood at ₹89,730.
• Other major cities like Delhi, Kolkata, and Chennai reflected similar trends.

Futures Trading Tells a Different Story

• Despite the spot market dip, futures showed a modest rise.
• On the Multi Commodity Exchange (MCX), gold for June delivery was up 0.80% at ₹87,625 per 10 grams.
• Silver futures also edged higher by 1.12% to ₹89,234 per kg.

Global Gold Prices Push Higher

• International markets saw an uptick in gold rates.
• Gold rose by 1.13% to $3,000.79 per ounce.
• Silver was not far behind, trading up 1.08% at $30.10 per ounce.

Silver Remains Steady in India

• In the spot market, silver slipped by ₹4,900 to ₹94,000 per kg.
• The fall was limited, with overall momentum remaining flat in early trading hours.

Why It Matters

While gold continues to be a go-to investment for safety and value, its prices are now being tested by global policy shifts and investor sentiment. Whether you're buying for purity with 24K or a mix of strength and shine with 22K, market timing has never been more important.