Gold Rate Today in India,8 May: Check 24k, 22k,18k city wise
Gold Rate Today in India,8 May: Check 24k, 22k,18k city wise
| Gold Price Today (8 May): Check here for the latest city wise price of the precious noble metal i.e. Gold 24k, 22k,18k- Mumbai, Bangalore, Chennai, Hyderabad, Kolkata |
- Sudden drop last week had brought interest among buyers who were affected by the all-time high record few weeks ago. However, the gold price has experienced significant surge again after the drop last week on the occasion of Akshaya Tritiya 2025.
- Major difference can be witnessed in gold rate than the last week during the occasion of Akshaya Tritiya 2025.
- Recent surge in the price of gold relies mainly on several global economic and political factors, such as the rising tension between India and Pakistan and renewed conflict between Israel and Gaza.
- The United States Federal Reserve on May 7 had kept the rates steady citing inflation.
As per India Bullion and Jewellers Association Ltd. (IBJA), 24-carat gold (excluding GST) is priced at ₹99,000 per 10 grams today, slightly up from ₹98,460 on Tuesday. Whereas Silver persists around ₹1,11,100 jumped from ₹1,11,000 per kg with a difference of -100
Today’s gold rates for different purities including GST are:
- 995 purity (almost pure): ₹99,000 per 10g
- 916 purity (22-carat): ₹90,750 per 10g
- 750 purity (18-carat): ₹74,250 per 10g
Note: Hallmark numbers on gold jewellery indicate purity—like 999 for 24-carat, 916 for 22-carat, and 750 for 18-carat.
Gold Price-City wise
The prices vary based on taxes and local demand (city wise). Major metropolitan cities like Bangalore, Chennai, Hyderabad, Kolkata and Mumbai have experienced significant surge in the gold price again. Below are the latest city-wise updates per 10g excluding GST, TCS or other levis.
Gold Rate Today in India,8 May: Check 24k, 22k,18k city wise
| Metropolitan Cities | 24K/10g | 22k/10g | 18k/10g |
| Bangalore
|
94,960 | 87,050 | 71,220 |
| Chennai
|
99,000 | 90,750 | 74,250 |
| Hyderabad
|
99,000 | 90,750 | 74,250 |
| Kolkata
|
99,000 | 90,750 | 74,250 |
| Mumbai
|
99,000 | 90,750 | 74,250 |
Gold Rate Today: Check 24K per g, 10g and per kg
| Gram | Today | Yesterday | Change |
| 1 | ₹9,901 | ₹9,900 | + ₹1 |
| 10 | ₹99,010 | ₹99,000 | + ₹10 |
| 100 | ₹9,90,100 | ₹9,90,000 | + ₹100 |
Gold Rate Today: Check 22K per g, 10g and per kg
| Gram | Today | Yesterday | Change |
| 1 | ₹9,076 | ₹9,075 | + ₹1 |
| 10 | ₹90,760 | ₹90,750 | + ₹10 |
| 100 | ₹9,07,600 | ₹9,07,500 | + ₹100 |
Gold Rate Today: Check 18K per g, 10g and per kg
| Gram | Today | Yesterday | Change |
| 1 | ₹7,454 | ₹7,455 | – ₹1 |
| 10 | ₹74,540 | ₹74,550 | – ₹10 |
| 100 | ₹7,45,400 | ₹7,45,500 | – ₹100 |
Gold Rate for last 1 week per gram
| Date | 24K | 22k |
| 08 May 2025 | ₹9,901 | ₹9,076 |
| 07 May 2025 | ₹9,900 | ₹9,075 |
| 06 May 2025 | ₹9,846 | ₹9,025 |
| 05 May 2025 | ₹9,573 | ₹8,775 |
| 04 May 2025 | ₹9,551 | ₹8,775 |
| 03 May 2025 | ₹9,551 | ₹8,775 |
| 02 May 2025 | ₹9,551 | ₹8,775 |
Why Sudden spike in gold price?
Gold Rate Today in India,8 May: Check 24k, 22k,18k city wise
–Fluctuations influenced by various global economic factors
Geopolitical Tensions
Owing to the ongoing conflicts, such as the rising tension between India and Pakistan and renewed conflict between Israel and Gaza and gold as a safe-haven asset leads to increase in demand during such instability.
Federal Reserve’s Interest Rate Cuts
The US Federal Reserve in 2024 has cut interest rates several times and is expected to even lower them more. When interest rates fall, it becomes less costly for investors to hold assets that don’t earn interest, like gold. Thus, pushing prices up.
Weakening U.S. Dollar
When the U.S. dollar weakens, it lowers the cost of gold for buyers, effectively making it affordable in international markets. Recent declines in the dollar’s value have contributed to the rise in gold prices
Central Bank Purchases
Central Banks around the world, also RBI (Reserve Bank Of India), have been increasing their gold reserves. RBI bought 77 tonnes of gold in 2024, a five-fold increase from the previous year.
Inflation Concerns
Driven by possible rises in government spending and tariffs, despite attempts to keep it in check- Inflation worries remain. Since gold is seen as a reliable hedge against inflation, investors are increasingly using it to safeguard their money.
Investment Demand
Amid ongoing market volatility and economic uncertainty, both retail investors and large institutions are shifting more of their funds into gold. To sustain geopolitical risks, inflation, gold offers protection. This growing preference for safety is fueling higher demand for the metal.