The gold market has always been a center of attraction for investors and customers. On 8 February 2025, there was a major change in gold prices. This change became a topic of discussion not only in the Indian market but also in the international market. On this day, 24 carats and 22 carat gold prices were seen jump, which surprised investors. Let’s know the new gold prices of this day and other important information related to it.
Gold Price Today
On 8 February 2025, 24 carat gold reached the level of ₹ 86,700 per 10 grams, which is a big jump than the previous days. At the same time, 22 carat gold was recorded at ₹ 77,580 per 10 grams. This growth is mainly due to global economic uncertainties and domestic demand.
Gold Price Overview
| Description | Price (₹) |
| 24 carat gold (10 grams) | ₹ 86,700 |
| 22 carat gold (10 grams) | ₹ 77,580 |
| 1 gram 24 carat | ₹ 8,670 |
| 1 gram 22 carat | ₹ 7,758 |
| Silver (1 kg) | ₹ 96,000 |
| Price of previous day | ₹ 86,560 (24 carats) |
Due to increase in gold prices
Gold prices depend on many factors. Below are some of the major reasons, due to which the rise in prices was seen on this day:
- International market: Dollar weakness and economic uncertainties in the global market promoted the demand for gold.
- Local demand: Gold demand increased due to marriage and festivals in India.
- Inflation: At the time of inflation, investors consider gold to be a safe option, which increases its price.
- Interest Rates: Investors are attracted towards gold due to a decrease in interest rates.
Gold prices in main cities
Gold prices recorded on 8 February 2025 in major cities of India below:
| City | 24 carat (₹/10 grams) | 22 carat (₹/10 grams) |
| Delhi | ₹ 86,700 | ₹ 77,580 |
| Mumbai | ₹ 86,510 | ₹ 79,300 |
| Chennai | ₹ 86,660 | ₹ 79,450 |
| Bengaluru | ₹ 86,580 | ₹ 79,532 |
| Hyderabad | ₹ 86,650 | ₹ 79,596 |
Historical performance of gold
The last few months have seen a steady increase in gold prices. Data for the last few days below:
| Date | 24 carat (₹/10 grams) | 22 carat (₹/10 grams) |
| 7 February 2025 | ₹ 86,560 | ₹ 79,350 |
| 6 February 2025 | ₹ 86,400 | ₹ 79,210 |
| 5 February 2025 | ₹ 86,240 | ₹ 79,050 |
| 4 February 2025 | ₹ 85,850 | ₹ 78,810 |
Why invest in gold?
Gold is considered a safe investment option. Many reasons account for this:
- Price stability: Gold is more stable than other assets.
- Epidemic and War period: Sleep is a safe property during crisis.
- Portfolio variety: This makes your investment portfolio diverse.
- Liquidity: It can be easily converted into cash.
Silver prices
Silver also became expensive on this day. The silver price reached ₹ 96,000 per kilogram. The increase occurred mainly due to industrial demand and lower silver supply in the global market.
Noted things when buying gold and silver
Whenever you buy gold or silver, keep in mind the following things:
- See the BIS Hallmark so that purity can be ensured.
- Compare market rates.
- Pay attention to the making charges.
- Don’t forget to take the bill.
Prophecy: What will happen next?
Experts believe that if global uncertainty continues, gold and silver prices may increase in the coming days. However this will depend entirely on demand and supply.
Disclaimer:
This article is written only for the purpose of providing information. Before investing, consult your financial advisor.
