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On August 08, gold prices in India rose slightly, trading above Rs 1,02,000 per 10 gram for 24-carat gold. In Mumbai, it was Rs 1,02,560 per 10 gram, silver at Rs 1,17,100 per kg.
Gold Price Today In India, August 08.
Gold Price In India, August 08: Gold prices appreciated marginally on Friday morning to trade above Rs 1,02,000 per 10 gram for 24-carat across India, amidst the sustained appeal of the metal as a safe-haven asset due to heightened global uncertainties.
In Mumbai, gold prices traded at Rs 1,02,560 per 10 gram for 24-carat gold. Likewise, the price for 22-carat was Rs 94,010 per 10 gram.
Silver, however, traded Rs 100 higher at Rs 1,17,100 per kg across India.
On the slide of gold, analysts attribute the retreat due to profit-booking.
Still, the overall tone remains positive, with both metals set to mark a second straight week of gains amid heightened trade uncertainty and expectations of a softer Fed approach, said Rahul Kalantri, VP Commodities, Mehta Equities.
However, in the futures market on the MCX, gold futures (expiring on October 03, 2025) were trading higher by 0.65% at Rs 1,02,129 per 10 gram, whereas silver (expiring on September 5, 2025) traded 0.53% up at Rs 1,14,888 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 08?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 94,160 | Rs 1,02,710 |
| Jaipur | Rs 94,160 | Rs 1,02,710 |
| Ahmedabad | Rs 94,060 | Rs 1,02,610 |
| Patna | Rs 94,060 | Rs 1,02,610 |
| Mumbai | Rs 94,010 | Rs 1,02,560 |
| Hyderabad | Rs 94,010 | Rs 1,02,560 |
| Chennai | Rs 94,010 | Rs 1,02,560 |
| Bengaluru | Rs 94,010 | Rs 1,02,560 |
| Kolkata | Rs 94,010 | Rs 1,02,560 |
RBI MPC Keeps Repo Rate Unchanged
RBI MPC decided to keep the repo rate unchanged at 5.50 per cent in August meet, along with maintaining the “Neutral” instance.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in excange rates primarily influence 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, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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