Gold and Silver Rates Today, January 8: Gold prices fell for the second day on Thursday, January 8, on profit-booking. In Mumbai, the price of 24-carat gold rose to Rs 1,38,000 per 10 grams, while 22k
gold was available at Rs 1,26,500 per 10 grams. These rates do not include GST and making charges. Silver was available at nearly Rs 2,52,000 per kg in the spot market.
On the MCX, gold prices fell 0.48 per cent to trade at Rs 1,37,345 per 10 grams for the February 5, 2026, contracts in the morning trade, while silver declined 0.94% to trade at Rs 2,48,248 per kg for the March 5, 2026, contracts.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On January 8?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,26,650 | Rs 1,38,150 |
| Jaipur | Rs 1,26,650 | Rs 1,38,150 |
| Ahmedabad | Rs 1,26,550 | Rs 1,38,050 |
| Pune | Rs 1,26,500 | Rs 1,38,000 |
| Mumbai | Rs 1,26,500 | Rs 1,38,000 |
| Hyderabad | Rs 1,26,500 | Rs 1,38,000 |
| Chennai | Rs 1,26,500 | Rs 1,38,000 |
| Bengaluru | Rs 1,26,500 | Rs 1,38,000 |
| Kolkata | Rs 1,26,500 | Rs 1,38,000 |
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Gold and silver prices declined sharply in a highly volatile session after US ADP non-farm employment data exceeded expectations by 41,000. The rebound in the dollar index against major global currencies capped gains in precious metals. However, weaker-than-expected US JOLTS job openings provided support to gold and silver at lower levels. Meanwhile, the People’s Bank of China continued its gold accumulation for the fourteenth consecutive month, lending further downside support. China has added a total of 42 metric tonnes of gold since November 2024 amid rising global uncertainty and de-dollarisation trends.”
Strong demand for safe-haven assets, US interest rate cuts and a weaker dollar drove global gold prices up 67% so far this year and saw them hitting a record high of $4,549.7 per troy ounce on December 26.
Indian domestic gold prices climbed 77% this year, outpacing the Nifty 50 index’s 9.7% gain, aided by a 5% fall in the rupee against the dollar.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
