Gold Prices Rise Today: Check 22K and 24K Rates In Delhi, Mumbai, Other Cities On May 8
Gold and silver prices in India rose on May 8, with 24k gold near Rs 1,52,700 per 10g and silver at Rs 2,60,580 per kg, tracking volatile global bullion markets
Gold and Silver Prices in India Today, May 8:
Gold and silver prices rose for the second consecutive day on Friday, May 08, as a peace deal is likely to be concluded between Iran and the US to end the months-long war in the Middle East.
On the MCX, gold prices rose 0.31 per cent to trade at Rs 1,52,732 per 10 grams in the early trade, while silver was up by 0.79 per cent to Rs 2,60,580 per kilogram.
In Mumbai, the price of 24-carat gold standing at Rs 1,52,680 per 10 grams, while 22k gold was available at Rs 1,39,950 per 10 grams. These rates do not include GST and making charges.
Some media reports suggest that Iran and the US have exchanged fire once again, violating their month-long ceasefire. Iran blamed the US for instigating by targeting two ships at the Strait of Hormuz, while the US said it fired in retaliation.
Fresh tensions also led to the rise in crude oil prices after falling substantially over reports of an imminent Iran-US deal that could end the months-long war. WTI crude futures rose 1.71 cent to $96 per barrel, while Brent crude futures jumped to $101 per barrel.
What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On May 8?
City 22K Gold (per 10gm) 24K Gold (per 10gm)
Delhi Rs 1,36,900 Rs 1,52,820
Jaipur Rs 1,36,900 Rs 1,52,820
Ahmedabad Rs 1,36,800 Rs 1,52,720
Pune Rs 1,36,800 Rs 1,52,720
Mumbai Rs 1,36,750 Rs 1,52,680
Hyderabad Rs 1,36,750 Rs 1,52,680
Chennai Rs 1,36,750 Rs 1,52,680
Bengaluru Rs 1,36,750 Rs 1,52,680
Kolkata Rs 1,36,750 Rs 1,52,680
In the international market, spot gold was traded at $4,725.39 per ounce.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily impact 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, especially weddings and festivals.
With continuously changing market conditions, investors and traders monitor fluctuations closely. Staying updated is vital for effectively navigating dynamic trends.
Gold price today:
Gold rate climbed on the MCX on Friday (8 May) morning on healthy spot demand and positive global cues, even as an elevated US dollar amid a bounce in crude oil prices capped gains.
MCX gold June futures were 0.42% up at ₹1,52,900 per 10 grams, while MCX silver July futures were 1% up at ₹2,61,153 per kilogram around 9:10 am.
The dollar index climbed by 0.20% after crude oil benchmark Brent Crude jumped over 1% to regain the $100 per barrel mark.
Fresh military exchanges in the Middle East drove oil prices higher. As per reports, the U.S. The military said on Thursday it intercepted Iranian attacks targeting three Navy ships in the Strait of Hormuz and carried out strikes on Iranian military facilities reportedly linked to assaults on American forces.
Gold prices have been under pressure since the US-Iran war started on 28 February this year. Domestic spot gold prices, as per MCX, has declined 5% since then, pressured by higher oil prices.
Higher crude oil prices can drive up inflation, dimming the prospects of interest rate cuts. Whereas gold is considered an inflation hedge, high interest rates weigh on it because it is a non-yielding asset.
Jigar Trivedi, Senior Research Analyst at IndusInd Securities, underlined that the focus is now on the monthly U.S. employment report, due later today, which will offer cues on how the US Federal Reserve will move forward with monetary policy this year.
According to Trivedi, MCX gold June futures may appreciate to ₹1,53,000 per 10 grams as the undertone is positive in the international markets also.
Manoj Kumar Jain of Prithvifinmart Commodity Research expects gold and silver prices to remain volatile in today’s session amid volatility in the dollar index, crude oil prices and ahead of the U.S. non-farm payroll data.
Gold and silver prices opened higher on the Multi Commodity Exchange of India on Friday as worries over inflation and higher interest rates eased. Investor sentiment also remained supported by optimism surrounding a possible peace deal between the U.S. and Iran, despite fresh attacks in the region.
In a post on Social Truth, Donald Trump said U.S. Forces had destroyed Iranian targets involved in the confrontation, including small boats and drones. He also warned Iran of further military action if it failed to reach a nuclear deal.
Gold Price Today in India (Gold Rate Today) 8 May 2026:
Due to Iran-America tension, there is continuous fluctuation in gold prices (gold rate today). According to All India Sarafa Association, the price of 24 carat gold in Delhi has increased to Rs 1,56,000 per 10 grams (including all taxes). Meanwhile, the 24-carat gold futures on the Multi Commodity Exchange (MCX) rose 0.44%, or Rs 673, to Rs 1,52,934 per 10 grams after the market opened this morning. It had closed at Rs 1,52,261 on the previous trading day. It is worth noting that on January 29, gold had reached its highest level of Rs 1,80,779 per 10 grams in the futures market. According to the Indian Bullion and Jewellers Association (IBJA), it is Rs 1,51,149 per 10 grams till Friday morning. According to GoodReturns, the price of 24-carat gold rose to ₹1,53,160 per 10 grams. Spot gold rose to $4,734.28 per ounce in global markets. Here you can see the latest prices of 24, 23, 22, 18 and 14 carat gold according to IBJA. Additionally, jewelry buyers can also check the latest gold jewelry rates in their city.
What was the price of gold last day?
According to the All India Sarafa Association, the price of 99.9 percent pure (24 carat) gold in Delhi increased by Rs 600 to Rs 1,56,000 per 10 grams (including all taxes). On Wednesday, the price of gold had risen by ₹2,900 to ₹1,55,400 per 10 grams. According to the Sarafa Association, gold of 99.5 percent purity remained at Rs 1,55,200 per 10 grams. In global markets, gold prices rose for the third consecutive day. Spot gold rose 0.9% to $4,734.28 per ounce.
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