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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