Gold Silver Price Today Live: Today, on May 8, a rise in the price of gold is being seen in the country. Gold prices have increased due to increase in prices in international markets and increase in demand at domestic level.

Today the price of 24 carat gold in India is ranging between Rs 1,53,000 to Rs 1,53,800. The price of 22 carat gold also remains between Rs 1,40,000-1,41,000 per 10 grams. Overall, compared to yesterday, the price of gold has increased by Rs 80 to Rs 200 per gram.

Rates according to cities

• Today the price of 24 carat gold per 10 grams in Delhi is Rs 1,52,880.
• Today the rate of 24 carat gold per 10 grams in Mumbai is Rs 1,52,680.
• Today its price in Chennai is Rs 1,53,840 per 10 grams.
• Whereas in Lucknow the price per 10 grams is Rs 1,52,880.

price of silver

Along with gold, a huge rise is also being seen in the price of silver today. Today the price of silver in India is Rs 275 per gram and Rs 2,75,000 per kg. Today the price in Delhi, Mumbai and Kolkata is Rs 2,70,100 per kg. The price in Noida is Rs 2,75,000 per kg. The price in Chennai is Rs 2,74,900 and in Lucknow and Kanpur the price is Rs 2,70,100 per kg.

Why did the price of gold and silver increase today?

• Tension in the Middle East – Due to increasing tension between Iran and America, the demand for gold and silver as a safe investment is again increasing, due to which the prices have also increased.
• Purchasing by Central Banks- RBI in India and other countries of the world are rapidly increasing gold reserves to safeguard their foreign exchange reserves. Meanwhile, the Reserve Bank is also bringing back its gold kept abroad. India’s gold reserves kept with the Bank of England (BOE), Bank of Europe (BOE) and Bank for International Settlements (BIS) are decreasing. From the year 2023 till now, India has brought back 150.67 metric tons of gold.
• Demand in domestic markets- The demand for jewelery at the retail level often remains during the wedding season in the country. In India, a marriage is not considered complete without gold jewellery. If demand increases at the domestic level, its effect will be visible on prices also.

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