Gold price today: The stock market has been falling down since the US imposed an additional 25 percent tariff on India due to oil purchases from Russia and there has been an atmosphere of uncertainty among the exporters. US President Donald Trump has clarified that he is not ready for any kind of talks with India until the tariff dispute ends.

In the midst of this global instability and economic pressure, investors have turned to gold as the safest option, causing a steady rise in its prices. On Friday, August 8, 2025, 24 carat gold was seen trading around Rs 1,02,000 per 10 grams in early trade.

Fresh sense of your city

In the national capital Delhi, 24 carat gold is being sold at Rs 1,02,710 per 10 grams and 22 carat gold at Rs 94,160. At the same time, 24 carat gold is available in Ahmedabad and Patna at the rate of Rs 1,02,610 and 22 carat gold at the rate of Rs 94,060 per 10 grams.

In major metros like Mumbai, Hyderabad, Chennai, Bangalore and Kolkata, 24 carat gold is trading at Rs 1,02,560 and 22 carat gold at Rs 94,010 per 10 grams. Meanwhile, there has been no change in the repo rate after the August month meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India, and it is maintained at 5.5 percent.

How is the rate fixed?

Gold and silver prices are fixed daily based on many global and domestic factors. First of all, the prices of these metals in the international market are fixed in the US dollars, so the fluctuations in the dollar-Rupaya exchange rate have a direct impact on their price in India. If the dollar is expensive or the rupee is weak, then the prices of gold and silver increase in India. Apart from this, India is the largest importing country of gold, so customs (import duty), goods and service tax (GST) and other local taxes also affect prices.

Circumstances such as economic instability, war, recession or change in interest rates globally also motivate investors to choose gold as a safe option, which increases both its demand and price. The cultural significance of gold in India is also very high – on marriage, festivals and auspicious occasions, its demand always remains. Also, gold is considered a safe and better return option as an investment in inflation, which keeps or increases its price stable.

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Gold price today: The price of gold and silver has seen a steady decline for the last few days amidst the trade deal happening with many of America. On 28 July 2025, the price of gold has come down by about 500 rupees. Today, 24 carat gold is being sold at the rate of Rs 99,920 per 10 grams, while on Saturday it was priced at Rs 1,00,470. The price of silver has also declined today and Rs 1,15,900 per kg is being sold. On Saturday, silver sold in the market at a price of Rs 1,17,900 per kg.

Let us know what is the fresh sense of gold and silver in your city-

In the national capital Delhi, 24 carat gold is being sold at the rate of Rs 99,970 today while 22 carat gold is being sold at the rate of Rs 91,740 and 18 carat gold at Rs 75,060 per 10 grams. In the financial capital Mumbai, Chennai, Kolkata and Bengaluru, 24 carat gold is available at a price of Rs 99,920. At the same time, 22 carat gold in Mumbai, Chennai, Kolkata and Bengaluru is Rs 91,590 per 10 grams. The price of 18 carat gold is being sold at the rate of Rs 74,940.

Apart from this, 24 carat gold is being sold at the rate of Rs 99,970 in Chandigarh, Agra, Ahmedabad and Bhopal, while 22 carat gold is being sold at the rate of Rs 91,740 in Chandigarh, and Agra. At the same time, 18 carat gold is trading in Chandigarh and Agra at a price of Rs 75,060.

Especially watching the time limit of tariff

Significantly, the focus of investors is now on the time limit of 1 August fixed by US President Donald Trump. US Commerce Secretary Howard Lutnik said that he is optimistic about the trade deal with the European Union. It is also being said in the reports that President Trump may meet with Chinese President Xi Jinping before the Asia Pacific Economic Cooperation Conference (APEC) to be held between October 30 and November 1 or is it possible to meet between the two other than the APEC conference in South Korea.

Overall, American trade deals and international economic phenomena are directly impacting the prices of precious metals, and it may see further fluctuations in the coming days.

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The news of a ceasefire in Iran-Israel amidst heavy tension in West Asia has led to a big fall in the price of gold and silver on Tuesday. In the financial capital Mumbai, 22 carat gold is being sold at the rate of Rs 91,550 per 10 grams, while 25 carat gold is trading at Rs 99,870. Similarly, silver price is also trading at Rs 1,00,900 per kg during business.

Gold futures on MCX are trading at Rs 98,168 to Rs 98,168 after coming to Rs 1,00,000 earlier this month. Whereas, the silver futures on MCX are selling 0.75 percent to Rs 1,05,962 per kg.

The fresh sense of your city-the fresh sense of gold and silver

In the national capital Delhi, 22 carat gold is trading at Rs 92,440 per 10 grams and 24 carat gold is trading at Rs 1,00,830. Similarly, in Ahmedabad, 22 carat gold is being sold at Rs 91,600 and 24 carat gold is being sold at Rs 99,920. In Patna too, 22 carats and 24 carat gold are being sold at the rate of Ahmedabad. Whereas, the price of 22 carat gold in Hyderabad, Chennai, Bangalore and Kolkata is Rs 91,550. So at the same time, 24 carat gold is trading in these cities at Rs 99,970.

Significantly, this decline has been seen on the first day after ceasefire in Iran-Israel. However, market experts believe that some more fast may be seen in it next month.

Which factor are fixed by prices?

In fact, gold and silver prices are fixed from several factor, including exchange rates, dollar prices fluctuations and upheaval in the global market. Apart from this, customs also affect it and its prices are fixed on daily basis.

In Indian society, gold is quite important in both economic and cultural terms. Gold is considered very auspicious in any wedding or festival festival. Apart from this, it is also the most suitable for investment. No matter how much inflation, gold has proved herself the most return.

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