Last Updated:July 08, 2025, 09:51 IST
Gold Prices Today, July 8: In Mumbai, the price of gold stands at Rs 90,600 per 10 grams for 22-carat and Rs 98,840 per 10 grams for 24-carat.
Gold Price Today, July 8.
Gold Prices In India Today, July 08: Gold prices in India on Tuesday held steady amid US trade tensions, with proposed 10% tariffs on BRICS countries and a 25% duty each on Japan and South Korea. In Mumbai, the price of gold stood at Rs 90,600 per 10 grams for 22-carat and Rs 98,840 per 10 grams for 24-carat.
The silver price stood at Rs 1,10,000 per kg in Mumbai.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading marginally up at Rs 97,200 per 10 gram, up by 0.02%, while silver (expiring on September 5, 2025) rose by 0.19% to trade at Rs 1,08,525 per kg.
Rahul Kalantri, vice-president of Mehta Equities, said, “Precious metals opened the week under pressure, weighed by improved global risk appetite after stronger-than-expected US employment data and easing geopolitical risks from Israel-Hamas ceasefire talks. The dollar index’s recovery from a 3.5-year low further contributed to the downside in gold and silver. However, bullish triggers came from renewed US trade tensions, with proposed 10% tariffs on BRICS countries and 25% duties on Japan and South Korea. Additionally, a weakening rupee supported gold and silver in Indian markets”
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 90,750 | Rs 98,990 |
| Jaipur | Rs 90,750 | Rs 98,990 |
| Ahmedabad | Rs 90,650 | Rs 98,890 |
| Patna | Rs 90,650 | Rs 98,890 |
| Mumbai | Rs 90,600 | Rs 98,840 |
| Hyderabad | Rs 90,600 | Rs 98,840 |
| Chennai | Rs 90,600 | Rs 98,840 |
| Bengaluru | Rs 90,600 | Rs 98,840 |
| Kolkata | Rs 90,600 | Rs 98,840 |
In the international market, spot gold was steady at $3,334 per ounce, as of 0220 GMT. US gold futures remain unchanged at $3,344.20.
On Monday, Trump began telling trade partners that sharply higher U.S. tariffs would start on August 1, marking a new phase in the trade war he launched earlier this year, with tariffs on goods from Japan and South Korea set at 25%.
Trump said the August 1 deadline for implementing the tariffs was firm but that he would consider extensions if countries made proposals.
“Reciprocal tariffs” were capped at 10% until July 9 to allow for negotiations, but only agreements with Britain and Vietnam have been reached so far.
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.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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