Gold prices rise in India after 4 days. Check today’s 22K & 24K rates, silver prices & key global cues affecting gold on MCX.
📈 Gold Price Today In India: Rates Climb After Decline
After witnessing a decline for four straight sessions, gold prices in India have edged up today, offering some cheer to investors and jewellers alike. According to the Multi Commodity Exchange of India Ltd (MCX), gold rates as of 9:10 AM on July 8 are:
- ₹97,118 for 10 grams of 24-carat gold
- ₹89,283 for 10 grams of 22-carat gold
This marks a small rebound of about 0.06% compared to yesterday’s closing, reflecting cautious optimism in the bullion market.
💹 Latest MCX Gold & Silver Prices 🪙
📊 Updated Rates As Of 9:45 AM IST
| Metal | Price | Change |
|---|---|---|
| 22-carat gold | ₹89,393 / 10g | 🔺 0.06% |
| 24-carat gold | ₹97,520 / 10g | 🔺 0.06% |
| Silver | ₹108,600 / kg | 🔺 0.24% |
Silver has also recorded an uptick today, with MCX quoting ₹108,532 per kg, while the broader bullion market reflects ₹108,600 per kg, up by 0.24%.
🏙️ City-wise Gold Rates: Where Is It Highest & Lowest?
Gold prices often vary slightly across major Indian cities due to transport, demand, and local taxes. Today:
- 🏆 Chennai continues to have the highest gold prices.
- 📉 Kolkata & New Delhi are showing the lowest gold rates.
So if you’re planning to buy gold jewellery, checking city-specific rates can help you save more.
🌎 What’s Driving Gold Prices Today?
💼 Global Factors
Recent market movements have been influenced by global trade developments. Notably, former US President Donald Trump announced tariffs on exports from 12 countries, describing them as “take it or leave it” offers. These tariffs include:
- A 10% base tariff on most goods
- Additional duties up to 50% on select items
Although Trump postponed most of these tariffs, the uncertainty has added volatility to global markets, indirectly impacting gold as investors look for safe-haven assets.
📉 Indian Stock Markets & Investor Sentiment
Last week, India’s stock indices were largely in the red, except for Friday. Analysts attribute this to profit booking as investors locked in gains. This cautious approach has nudged some money towards safer assets like gold and silver.
Here are the gold rates for July 8, 2025, in India’s major cities
| Indian Cities | MCX gold rate(24 carat per 10 grams) | MCX silver rate(999 Fine per 10 grams) | Gold bullion rate(24 carat per 10 grams) | Silver bullion rate(999 Fine per kg) |
|---|---|---|---|---|
| Kolkata | ₹97,280 | ₹1,080 | ₹97,120 | ₹108,150 |
| Mumbai | ₹97,400 | ₹1,081.5 | ₹97,250 | ₹108,290 |
| Hyderabad | ₹97,560 | ₹1,083.2 | ₹97,400 | ₹108,470 |
| New Delhi | ₹97,240 | ₹1,079.6 | ₹97,080 | ₹108,110 |
| Chennai | ₹97,690 | ₹1,084.6 | ₹97,630 | ₹108,730 |
| Bengaluru | ₹97,480 | ₹1,082.3 | ₹97,420 | ₹108,500 |
💡 Why Gold Rates Matter To You
Gold isn’t just a luxury item in India—it’s a key investment and a cultural asset. Whether you’re buying jewellery for an upcoming wedding or planning a long-term investment, tracking daily gold and silver prices helps you:
✅ Buy at lower rates to maximize savings.
✅ Decide the right time to book your gold purchases.
✅ Understand broader market trends that could affect future prices.
📝 Expert Tip: Keep An Eye On USD & Tariff Developments
Since gold is globally priced in dollars, any movement in the USD-INR exchange rate or international trade policies can have a direct effect on prices here in India. Watching announcements by global leaders and central banks can give you an edge.
🚀 In Summary: Gold & Silver Prices On The Move
- 🪙 Gold prices in India have risen after 4 days of decline.
- 💎 22-carat gold: ₹89,393 / 10g | 24-carat gold: ₹97,520 / 10g
- 🥈 Silver: ₹108,600 / kg, up by 0.24%.
- 🌏 Global trade tensions & local stock market trends continue to influence bullion prices.
📌 Stay Updated: Bookmark this page for daily gold & silver price updates, expert analysis, and city-wise rate comparisons to make smarter buying decisions.
Disclaimer: This article may have been partially or fully generated with the help of AI tools. While we strive for accuracy and clarity, please verify critical information from official sources.
