Gold and silver prices rise sharply on April 8 as investors turn to safe-haven assets amid global market volatility and fears of a US-led trade war.
April 8, 2025: Gold and silver prices witnessed a significant uptick on April 8, 2025, as rising concerns over a global trade war triggered a wave of safe-haven buying. The yellow metal climbed by ₹600 to touch ₹87,533 per 10 grams on the Multi Commodity Exchange (MCX), while silver rose by ₹785, reaching ₹89,033 per kg.
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The price hike follows a sharp selloff in global equity markets on what was dubbed as “Black Monday,” amid heightened geopolitical and economic tensions stemming from fresh tariff threats by the United States.
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Here’s a detailed look at gold and silver prices across major Indian cities on April 8:
📍 Gold and Silver Prices on April 8, 2025
💰 Mumbai
- Gold Bullion: ₹87,460/10 gm
- MCX Gold: ₹87,533/10 gm
- Silver Bullion: ₹89,180/kg
- MCX Silver 999: ₹89,033/kg
💰 Chennai
- Gold Bullion: ₹87,720/10 gm
- MCX Gold: ₹87,533/10 gm
- Silver Bullion: ₹89,440/kg
- MCX Silver 999: ₹89,033/kg
💰 Bengaluru
- Gold Bullion: ₹87,530/10 gm
- MCX Gold: ₹87,533/10 gm
- Silver Bullion: ₹89,250/kg
- MCX Silver 999: ₹89,033/kg
💰 New Delhi
- Gold Bullion: ₹87,310/10 gm
- MCX Gold: ₹87,533/10 gm
- Silver Bullion: ₹89,030/kg
- MCX Silver 999: ₹89,033/kg
💰 Kolkata
- Gold Bullion: ₹87,350/10 gm
- MCX Gold: ₹87,533/10 gm
- Silver Bullion: ₹89,060/kg
- MCX Silver 999: ₹89,033/kg
💰 Hyderabad
- Gold Bullion: ₹87,600/10 gm
- MCX Gold: ₹87,533/10 gm
- Silver Bullion: ₹89,320/kg
- MCX Silver 999: ₹89,033/kg
📈 Market Context
The surge in gold and silver prices reflects the investor shift toward traditional safe-haven assets amid rising inflation, tariff tensions between the US and China, and global stock market instability. Experts suggest that MCX gold could remain volatile in the coming days depending on international cues and central bank policy moves.
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