Gold price rise in India today: latest rates of 24, 22 Carat gold

Gold price: Yellow metal have risen significantly in India on August 8, 2025, continuing an upward trend. The rates for both 24-carat and 22-carat gold have increased compared to the previous day. Gold price rise in India today: latest rates of 24, 22 Carat gold.

Here are the gold rates in major Indian cities as of August 8, 2025. It’s important to note that these prices are indicative and may vary slightly due to local taxes, making charges, and other levies.

Gold Rates on August 8, 2025:

24 Carat Gold (10 grams): Rs 1,03,310 (an increase of Rs 760 from yesterday)

22 Carat Gold (10 grams): Rs 94,700 (an increase of Rs 700 from yesterday)

24 Carat Gold Price (per 10 grams):

Mumbai, Chennai, Bangalore, Hyderabad, Pune, Kolkata: Rs 1,03,310

Delhi, Jaipur, Lucknow, Chandigarh: Rs 1,03,460

Ahmedabad, Vadodara, Surat: Rs 1,03,360

22 Carat Gold Price (per 10 grams):

Mumbai, Chennai, Bangalore, Hyderabad, Pune, Kolkata: Rs 94,700

Delhi, Jaipur, Lucknow, Chandigarh: Rs 94,850

Ahmedabad, Vadodara, Surat: Rs 94,750

Gold prices have shown an upward trend today, with a notable increase from the previous day. This increase is influenced by a combination of global market factors, including safe-haven buying due to international uncertainties and volatility in global financial markets.

Gold prices have been trading above the Rs 1 lakh mark for 10 grams of 24-carat gold, a significant milestone.

Reasons for the Gold Price Hike:

1. Geopolitical and Trade Tensions: The primary driver is a renewed sense of global uncertainty. The US President’s decision to impose an additional 25% tariff on Indian imports has created market turmoil and a widespread sense of instability. This has led investors to seek safe-haven assets, with gold being a traditional choice.

2. Weakening Indian Rupee: The depreciating value of the Indian Rupee against the US Dollar is making gold imports more expensive. Since India imports a substantial amount of its gold, a weaker rupee directly pushes up domestic prices.

3. Expectations of US Fed Rate Cuts: Weaker-than-expected US macroeconomic data has increased the likelihood of a US Federal Reserve interest rate cut in September. Lower interest rates typically make non-yielding assets like gold more attractive to investors.

4. Central Bank Buying: Central banks, including the Reserve Bank of India, have been consistently adding gold to their reserves, which reinforces its strategic importance and contributes to sustained demand.

5. Stock Market Volatility: The turmoil in the Indian stock market, triggered by the new tariffs, has caused foreign investors to withdraw capital. In this unstable environment, many investors are shifting their money to gold as a hedge against market volatility.

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