Gold Rate Today, October 8: 22K & 24K Prices in Major Indian Cities.
Gold continued its upward momentum on Wednesday amid economic and geopolitical uncertainties, along with expectations of further US Federal Reserve interest rate cuts.
In Mumbai, 24-carat gold traded at ₹1,23,170 per 10 grams, while 22-carat gold was priced at ₹1,12,900 per 10 grams. These rates exclude GST and making charges. Silver was available at ₹1,57,100 per kg.
On the MCX, gold futures for December 5, 2025, rose 0.72% to ₹1,21,985 per 10 grams, while silver futures gained 0.91% to ₹1,47,120 per kg.
International Trends:
Gold surged past the $4,000-an-ounce mark for the first time on Monday. US spot gold rose 0.7% to $4,011.18 per ounce, while December gold futures climbed 0.7% to $4,033.40 per ounce.
Gold Price Outlook 2025:
| 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 has surged over 50% in recent months, outperforming equities and real estate. Experts predict the bull run may continue with periodic corrections. Sandip Raichura, director at PL Capital, expects international gold prices could rise beyond $4,800 per ounce, an increase of over 26% from current levels.
Factors Influencing Gold Prices in India:
Gold rates in India are affected by international prices, import duties, taxes, and currency fluctuations. As a culturally and financially significant asset, gold remains a preferred choice for investments and festivals, especially weddings.
Given the volatile market, investors and traders closely monitor daily price changes to make informed decisions.
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