Gold Rate Today, October 8: Continuing its upward momentum, gold rose on Wednesday, amid economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the US Federal Reserve.
In Mumbai, the price of 24-carat gold stood at Rs 1,23,170 per 10 grams, while 22k gold was available at Rs 1,12,900 per 10 grams. These rates do not include GST and making charges.
Silver was available at Rs 1,57,100 per kg.
On the MCX, gold futures expiring on December 05, 2025, were trading higher by 0.72% to trade at Rs 1,21,985 per 10 grams, whereas silver futures expiring on December 05, 2025, rose 0.91% to Rs 1,47,120 per kg.
In the international market, gold surged past the $4,000-an-ounce level for the first time on Monday. US spot gold was up 0.7% at $4,011.18 per ounce by 0300 GMT. US gold futures for December delivery gained 0.7% to $4,033.40 per ounce.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On October 8?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,13,050 | Rs 1,23,320 |
| Jaipur | Rs 1,13,050 | Rs 1,23,320 |
| Ahmedabad | Rs 1,12,950 | Rs 1,23,220 |
| Pune | Rs 1,12,900 | Rs 1,23,170 |
| Mumbai | Rs 1,12,900 | Rs 1,23,170 |
| Hyderabad | Rs 1,12,900 | Rs 1,23,170 |
| Chennai | Rs 1,12,900 | Rs 1,23,170 |
| Bengaluru | Rs 1,12,900 | Rs 1,23,170 |
| Kolkata | Rs 1,12,900 | Rs 1,23,170 |
Gold Price Prediction 2025: ‘Yellow Metal Likely To Further Rise 25% With Periodic Corrections’
Gold prices have surged over 50% in the past few months, surpassing other asset classes like equity and real estate. The yellow metal is trading near its all-time high levels, and experts believe the bull run might continue with periodic corrections. Sandip Raichura, director at brokerage firm PL Capital, says international gold prices might rise beyond $4,800 an ounce from the current nearly $3,800, an appreciation of over 26%.
This year has placed gold right at the centre of financial history, with US spot gold prices reaching an all-time high of about $3,791.11 per ounce on September 23, 2025, almost double its levels exactly two years ago. In addition, September 23, 2025, saw a 3-year high daily inflows into gold ETFs, further exacerbating strength in the metal.
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.
