Gold trades above ₹97,000 on MCX; silver nears ₹96,000/kg amid global uncertainty and geopolitical tensions.
May 8, 2025: Gold and silver prices across India remained elevated on May 8, 2025, driven by safe-haven demand amid geopolitical tensions involving India-Pakistan and Israel-Gaza, as well as global interest rate uncertainty. The US Federal Reserve held rates steady on May 7, in line with expectations, providing further support to precious metals.
At 6:20 AM, the MCX gold rate stood at ₹97,051 per 10 grams, while MCX silver was priced at ₹95,730 per kg. According to the Indian Bullion Association, 24-carat gold was priced at ₹97,380 per 10 grams and 22-carat gold at ₹89,265 per 10 grams. Silver (999 fine) was listed at ₹95,840 per kg.
City-Wise Gold and Silver Prices on May 8, 2025
Mumbai
- Gold Bullion: ₹94,430/10 gm
- MCX Gold: ₹95,221/10 gm
- Silver Bullion: ₹95,120/kg
- MCX Silver (999): ₹96,524/kg
Chennai
- Gold Bullion: ₹94,750/10 gm
- MCX Gold: ₹95,221/10 gm
- Silver Bullion: ₹95,460/kg
- MCX Silver (999): ₹96,524/kg
Kolkata
- Gold Bullion: ₹94,350/10 gm
- MCX Gold: ₹95,221/10 gm
- Silver Bullion: ₹95,060/kg
- MCX Silver (999): ₹96,524/kg
Hyderabad
- Gold Bullion: ₹94,620/10 gm
- MCX Gold: ₹95,221/10 gm
- Silver Bullion: ₹95,330/kg
- MCX Silver (999): ₹96,524/kg
Bengaluru
- Gold Bullion: ₹94,500/10 gm
- MCX Gold: ₹95,221/10 gm
- Silver Bullion: ₹95,200/kg
- MCX Silver (999): ₹96,524/kg
New Delhi
- Gold Bullion: ₹94,260/10 gm
- MCX Gold: ₹95,221/10 gm
- Silver Bullion: ₹94,960/kg
- MCX Silver (999): ₹96,524/kg
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