Gold prices in India witnessed gains on August 8, 2025, influenced by a mix of global and local factors. Here's a breakdown of the city-wise rates for 22K and 24K gold:
Gold Rates Today (August 8, 2025)
- 24K Gold: The price of 24K gold is ₹10,256 per gram.
- 22K Gold: The rate for 22K gold stands at ₹9,401 per gram.
These rates are indicative and may vary slightly depending on the jeweler, location, and making charges.
City-Wise Gold Rates
- Delhi: In Delhi, the price of 24K gold is ₹10,270 per gram, while 22K gold is priced at ₹9,415 per gram.
- Mumbai: The financial capital sees 24K gold at ₹1,02,367 per 10 grams and 22K gold at approximately ₹93,837 per 10 grams.
- Chennai: The cost of gold in Chennai is ₹9,870 per gram for 24K gold and ₹9,400 per gram for 22K gold.
- Other Major Cities: Rates in cities like Ahmedabad, Bangalore, Hyderabad and Kolkata are also seeing similar trends. For example, Hyderabad has 24K gold at ₹9,870 per gram and 22K gold at ₹9,400 per gram.
Factors Influencing Gold Prices
Several factors contribute to the fluctuation of gold rates in India:
- Global Market Trends: International market dynamics, including supply chain disruptions, demand, and currency fluctuations, play a crucial role in determining gold prices.
- Geopolitical Tensions: Geopolitical events and uncertainties can impact gold prices as investors often turn to gold as a safe haven during turbulent times.
- Currency Fluctuations: The performance of the Indian Rupee (INR) against the US Dollar (USD) can influence gold rates. A weaker rupee can lead to higher gold prices in India.
- Demand and Supply: The basic economic principle of demand and supply affects gold prices. High demand can drive prices up, while increased supply can lead to a decrease.
- Inflation: Gold is often considered a hedge against inflation. As inflation rises, the price of gold tends to increase.
- Interest Rates: Gold prices often spike when there is a dip in interest rates, which is directly proportional to economic strength.
- Festive Season: The upcoming festive season, including Raksha Bandhan, is expected to influence gold prices, with MCX gold potentially hitting ₹1 lakh mark.
Recent Trends
Gold rates have been on a rally in recent days. For instance, in Delhi, there has been an increase of ₹22 in 24K gold and ₹20 in 22K gold since yesterday. This surge is part of a broader trend observed in early August 2025, with prices experiencing significant single-day rallies. On August 2nd, the price of 100 grams of gold skyrocketed by ₹15,300, marking the biggest single-day rally of the month.
Investment Considerations
Gold continues to hold a significant place in Indian culture and economy, being considered a symbol of prosperity and security. It plays a vital role in life events and wealth preservation. For those looking to invest in gold, it's important to stay updated on the latest price trends and understand the factors that influence them.
Disclaimer: Please note that the prices mentioned here are indicative and subject to change. It is advisable to verify the latest rates with local jewelers before making any decisions.
