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Gold prices continued their upward march across India on Friday, May 8, with rates increasing in major cities including Delhi, Mumbai, Chennai, and Kolkata. Alongside gold, silver prices also remained firm, reflecting strong momentum in the precious metals market.

Market experts say both domestic and international factors are currently influencing gold and silver prices. Global economic uncertainty, inflation concerns, currency fluctuations, geopolitical tensions, and rising investor demand for safe-haven assets are contributing to the steady rally in precious metals.

According to the latest bullion market data, 24-carat gold prices in the national capital climbed to around ₹1,53,160 per 10 grams, while rates in several other cities also recorded strong gains.

Latest Gold Rates in Major Indian Cities

Delhi Gold Price Today

In Delhi, the price of 24-carat gold reached approximately ₹1,53,160 per 10 grams. Meanwhile, 22-carat gold was trading around ₹1,40,410 per 10 grams.

Mumbai and Kolkata Gold Rates

In Mumbai and Kolkata, 24-carat gold prices stood near ₹1,53,010 per 10 grams, while 22-carat gold was priced at approximately ₹1,40,260 per 10 grams.

Chennai Gold Price Today

Gold rates remained slightly higher in Chennai, where 24-carat gold touched around ₹1,53,840 per 10 grams. The price of 22-carat gold was recorded near ₹1,41,020 per 10 grams.

Pune and Bengaluru Gold Rates

In Pune and Bengaluru, 24-carat gold was trading around ₹1,53,010 per 10 grams, while 22-carat gold prices remained near ₹1,40,260 per 10 grams.

Gold Rate Table for May 8, 2026

Silver Prices Also Continue Rising

Silver prices also remained strong on Friday. The domestic price of silver climbed to approximately ₹2,70,100 per kilogram in several major markets.

Internationally, spot silver was trading near $81.35 per ounce, indicating continued strength in global bullion markets.

Bullion traders say silver has been witnessing increased investor interest because of its dual role as both a precious metal and an industrial commodity. Silver demand from sectors such as electronics, solar energy, and electric vehicles continues supporting long-term price momentum.

International Gold Prices Stay Strong

Globally, spot gold prices were trading around $4,734.28 per ounce, reflecting persistent demand from investors seeking protection against economic uncertainty and inflation.

Analysts believe precious metals are benefiting from cautious investor sentiment worldwide. Concerns over slowing global growth, geopolitical tensions, and currency volatility are pushing investors toward traditionally safer assets such as gold and silver.

Jewellery Buyers Turning More Cautious

The sharp rise in gold prices is now visibly affecting jewellery demand across India. Consumers are becoming more selective while making purchases, especially for weddings and festive shopping.

Jewellers report that many customers are now preferring lightweight jewellery, lower-carat designs, and alternative metals like platinum and silver due to affordability concerns.

Demand for 18-carat, 14-carat, and designer jewellery collections has increased as buyers look for stylish options that fit tighter budgets.

Experts Advise Buyers to Track Market Closely

Market experts suggest that precious metal prices may continue witnessing volatility in the coming weeks depending on international market trends, inflation data, interest rate expectations, and currency movements.

Customers planning to buy gold or silver are advised to compare rates across jewellers, verify hallmark certification, and carefully review making charges before making purchases.

With both gold and silver maintaining strong upward momentum, the precious metals market is likely to remain in focus among investors and jewellery buyers throughout the coming months.