News India Live, Digital Desk: Gold Rate: Gold prices have risen again due to increasing tension between India and Pakistan and instability in the global market. On Thursday, 8 May 2025, gold prices were recorded in the morning.
Today’s gold prices
- 24 carat gold: ₹ 99,100 per 10 grams
- 22 carat gold: ₹ 90,900 per 10 grams
Gold prices in major cities (8 May 2025)
| City | 22 carat (₹/10 grams) | 24 carat (₹/10 grams) |
|---|---|---|
| Delhi | 90,910 | 99,160 |
| Chennai | 90,760 | 99,010 |
| Mumbai | 90,760 | 99,010 |
| Patna | 90,760 | 99,010 |
| Bengaluru | 90,760 | 99,010 |
| Lucknow | 90,910 | 99,160 |
| Ghaziabad | 90,910 | 99,160 |
| Noida | 90,910 | 99,160 |
| Jaipur | 90,910 | 99,160 |
| Kolkata | 90,760 | 99,010 |
Silver price
On 8 May 2025, the price of silver is ₹ 99,100 per kg, which has increased rapidly than in the previous days.
Why is gold getting expensive?
There are many reasons for the rise in the price of gold:
- The announcement by former US President Donald Trump imposing heavy tax on foreign films and medicines has increased the concern in the global market.
- Investors are choosing gold as a safe investment due to Russia-Ukraine War, West Asia’s struggle and India-Pakistan tension.
- US dollar weakness also promotes gold prices.
How is the price of gold fixed?
The price of gold in India depends on many factors:
- International market rates
- Government tax
- Weakness of rupee
- Demand and supply (demand increases in festivals and weddings)
Gold is an important part of investment and tradition in India, so its prices greatly impact the economy.
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