Gold-Silver Price Today: How cheap gold and silver on May 8, know your city rate-StudyToper


Gold and silver have always been the most preferred for investment and jewelery in the Indian market. Every day there is ups and downs in their price, due to which everyone is affected from the common man to the investor. On 8 May 2025, there has been a change in gold and silver prices again.

At this time, the economic and political movements of the country and the world are directly impacting their prices. Especially, gold and silver prices are constantly up and down due to the increasing tension between India and Pakistan and the uncertainty in the global market.

On this day, there has been a slight rise in the prices of gold, while there has been a slight change in the price of silver. In many cities, gold has reached close to its record high, while silver is also trading around Rs 99,000 per kg.

If you are also thinking of buying gold or silver today, then this information is very important for you. In this article, we will tell you what is the Gold-Silver Price Today in your city on 8 May 2025 today, how cheap or expensive has become gold and silver in which city, and for what reasons they are changing their prices.

Gold-Silver Price Today: 8 May 2025’s latest update

The table below gives today’s gold and silver prices, their types and main information:

Acquaintance Description
date 8 May 2025
24 carat gold (10 grams) ₹ 99,600 – ₹ 99,750
22 carat gold (10 grams) ₹ 91,300 – ₹ 91,450
18 carat gold (10 grams) ₹ 74,700 – ₹ 74,830
Silver (1 kg) ₹ 99,000 – ₹ 102,738
Silver (10 grams) ₹ 990 – ₹ 1,027
Major reason Global Market, Geopolitical Tension, Dollar-Rupaya Rate, Industrial Demand
Most changes Gold boom, light fluctuations in silver
Suitable for investment Both gold and silver, but research is necessary
Note Light difference in rate in different cities

Gold Price Today: Gold rate on 8 May 2025

On this day, the rate of gold has increased slightly. 24 carat gold is available for 10 grams from ₹ 99,600 to ₹ 99,750. 22 carat gold is between ₹ 91,300 to ₹ 91,450 for 10 grams. 18 carat gold is also trading around ₹ 74,700. This increase is being seen due to the ongoing uncertainty in the global market, the rupee’s weakness against the dollar and the India-Pakistan tension.

Gold Rate in Major Cities in major cities

City 24K (10G) 22k (10G)
Delhi ₹ 99,600 ₹ 91,300
Mumbai ₹ 99,600 ₹ 91,300
Chennai ₹ 99,600 ₹ 91,300
Bengaluru ₹ 99,600 ₹ 91,300
Hyderabad ₹ 99,600 ₹ 91,300
Jaipur ₹ 99,750 ₹ 91,450
Lucknow ₹ 99,600 ₹ 91,300
Kolkata ₹ 99,600 ₹ 91,300

Note: There may be a slight difference in the rate due to tax, making charge and demand in different cities.

Silver rate today: Silver Price Today 8 May 2025

Silver rates have also seen a slight fluctuations. Today, the price of 1 kg silver is between ₹ 99,000 to ₹ 102,738. The rate for 10 grams of silver ranges from ₹ 990 to ₹ 1,027. Silver prices have seen a slight increase in the last few days.

Silver Rate in Major Cities in major cities

City 10 grams 100 grams 1 kg
Delhi ₹ 1,027 ₹ 10,273 ₹ 102,738
Mumbai ₹ 990 ₹ 9,900 ₹ 99,000
Chennai ₹ 1,110 ₹ 11,100 ₹ 1,11,000
Hyderabad ₹ 1,110 ₹ 11,100 ₹ 1,11,000
Kolkata ₹ 990 ₹ 9,900 ₹ 99,000
Jaipur ₹ 1,012 ₹ 10,120 ₹ 1,01,205
Lucknow ₹ 995 ₹ 9,955 ₹ 99,552
Bengaluru ₹ 990 ₹ 9,900 ₹ 99,000

Note: Silver rate may also make a slight difference in the city.

The main reason for changes in gold and silver prices

  • Global market fluctuations: The economic status of countries like America, China, Europe etc. and trade war directly affect the prices of gold and silver.
  • Geopolitical Tension: Investors prefer to buy gold and silver for safe investment when tension between India-Pakistan or any country increases.
  • Dollar-Rupaya Rate: If the rupee is weak then the import becomes expensive, which increases the prices of gold and silver.
  • Industrial demand: Prices go up as silver industrial demand increases.
  • Seasonal demand: Gold-silver demand increases during the wedding and festivals season, which increases the rate.
  • Government policies: Import duty, tax and other government decisions are also affected.

How much change has happened in the Gold-Silver Price Today in the last 1 week?

date Gold (24K, 10G) Silver (1kg)
1 May 2025 ₹ 98,000 ₹ 98,000
2 May 2025 ₹ 98,000 ₹ 98,000
3 May 2025 ₹ 98,000 ₹ 98,000
4 May 2025 ₹ 98,000 ₹ 98,000
5 May 2025 ₹ 97,350 ₹ 96,700
6 May 2025 ₹ 96,900 ₹ 96,900
7 May 2025 ₹ 99,000 ₹ 99,000
8 May 2025 ₹ 99,600-99,750 ₹ 99,000-102,738

Conclusion: In the last one week, the prices of both gold and silver have seen a slight rise, especially on 7-8 May.

How to know the rate of your city? (How to check your City Gold-Silver Rate)

  • Ask your nearest bullion market or jeweler.
  • See daily updates on online portals or news channels.
  • Tax and making charge can be different according to the city, so confirm the rate while purchasing.
  • The rate of marriage or festival may increase the rate.

What is the right time for investment? (Is it right time to invest in gold-sailver?)

  • Gold-silver is considered a good investment for long term.
  • When there is uncertainty or geopolitical tension in the market, their prices rise.
  • Be sure to consult your financial advisor before investment.
  • It is better to invest in small amounts to purchase at average rate.

Gold-Silver Price Today: Possibility of Future

  • If there is uncertainty in the global market, the rate of gold and silver may increase further.
  • Factors like dollar-rupaya rate, import duty and industrial demand will affect prices even further.
  • If you are planning a shopping or investment, then keep an eye on the daily rate.

Frequently asked questions (FAQs)

Q1. Today gold and silver became cheaper or expensive?
Today, the rate of gold has increased slightly, while a slight change has also been seen in the price of silver.

Q2. Is it right to buy gold and silver right now?
If you want to invest for a long term, then gold and silver are a good option, but do market research.

Q3. Why does the rate fluctuate so much?
Global market, geopolitical tension, dollar-rupa rates and industrial demand change daily rates.

Q4. How to know the rate of your city?
Confirm rates from online portals, news channels or nearest jeweler.

conclusion

On 8 May 2025, there has been a slight rise in the rate of gold and silver. If you are thinking of shopping or investment, then check the market situation and your city rate. Both gold and silver are considered good for long term, but complete information and research is necessary before any decision.

Disclaimer:
This article is only for information. There are daily changes in the rate of gold and silver and there may be a slight difference in the rate in different cities. Be sure to consult your financial advisor or expert before investment. Based on this information, do complete research before making any investment or shopping. The rates of Gold-Silver Price Today depend entirely on the market and do not have any guarantee.

Rate this post

I am passionate writer with over five years of experience covering the latest job updates, educational content, news, and insightful blogs aimed at empowering readers with valuable information.

Sharing Is Caring:

Leave a Comment