Gold Price surge on August 9: Know latest rates in metro cities
Gold Price: Gold rates showed a slight increase in the domestic futures market on Saturday, August 9, 2025. The increase in gold prices is primarily driven by global factors, including uncertainties surrounding US trade tariffs and continued purchasing of gold by central banks seeking safe-haven assets.
The MCX gold October futures contract climbed by 0.03% to reach Rs 1,01,498 per 10 grams in the early morning. MCX gold had reached a historic peak of Rs 1,02,191 per 10 grams on Friday.
Key Factors Influencing Gold Prices:
Global Uncertainty: The increase in gold prices is primarily driven by global factors, including uncertainties surrounding US trade tariffs and continued purchasing of gold by central banks seeking safe-haven assets.
Rupee Depreciation: A depreciating Indian Rupee is also making gold more expensive for domestic consumers, contributing to the rising price in the local market.
Festive and Seasonal Demand: Despite the high prices, demand for gold is expected to remain steady due to the upcoming festive season.
On August 9, 2025, the gold prices in major Indian cities are as follows. These rates are for 10 grams of gold and are indicative, as prices can fluctuate throughout the day and may not include local taxes and making charges.
Gold Prices (per 10 grams) 24, 22 Carat on August 9, 2025:
New Delhi –Rs 1,03,493, Rs 94,883
Mumbai – Rs 1,03,310, Rs 94,700
Chennai- Rs 1,03,310, Rs 94,700
Bengaluru – Rs 1,03,335, Rs 94,725
Kolkata – Rs 1,03,320, Rs 94,710
Hyderabad – Rs 1,03,349, Rs 94,739.
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