Gold stays above ₹1.52 lakh while silver nears ₹2.60 lakh per kg in India. See today’s gold and silver prices in major Indian cities
New Delhi: Gold and silver prices stayed high across India on May 8, 2026, because of global uncertainty and strong demand for safe investment options. Silver prices increased more than gold prices, while both metals remained close to record highs in Indian and international markets.
On the Multi Commodity Exchange (MCX), gold futures traded above ₹1.52 lakh per 10 grams. Silver futures crossed ₹2.59 lakh per kilogram. Market experts said ongoing tensions between the United States and Iran pushed many investors toward gold and silver, which are considered safe investments during uncertain times.
In the international market, spot gold traded near $4,720 per ounce, while silver moved above $80 per ounce. Analysts said worries about inflation, global economic uncertainty, and interest rate expectations supported the rise in bullion prices.
Wedding Season Demand Supports Domestic Prices
Traders said the ongoing wedding season in India also helped keep prices strong despite the high rates. Jewellers in many cities reported strong customer enquiries, although several buyers reduced the amount of jewellery they purchased because of the sharp increase in prices.
According to market data, 24-carat gold traded around ₹15,300 per gram in India, while 22-carat gold stayed close to ₹14,000 per gram. Silver prices remained near ₹2.60 lakh per kilogram in most major cities.
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Gold and Silver Rates in Major Indian Cities
New Delhi
- 24K Gold: Around ₹1,52,450 per 10 grams
- Silver: Around ₹2,59,130 per kg
- 22K Gold: Around ₹1,39,746 per 10 grams
Mumbai
- 24K Gold: Around ₹1,53,010 per 10 grams
- 22K Gold: Around ₹1,40,260 per 10 grams
- Silver: Around ₹2,60,000 per kg
Chennai
- 24K Gold: Around ₹1,53,400 per 10 grams
- 22K Gold: Around ₹1,40,600 per 10 grams
- Silver: Around ₹2,61,000 per kg
Kolkata
• 24K Gold: Around ₹1,52,850 per 10 grams
• 22K Gold: Around ₹1,40,000 per 10 grams
• Silver: Around ₹2,59,500 per kg
Bengaluru
• 24K Gold: Around ₹1,53,200 per 10 grams
• 22K Gold: Around ₹1,40,400 per 10 grams
• Silver: Around ₹2,60,500 per kg
Hyderabad
• 24K Gold: Around ₹1,53,500 per 10 grams
• 22K Gold: Around ₹1,40,700 per 10 grams
• Silver: Around ₹2,61,200 per kg
Ahmedabad
• 24K Gold: Around ₹1,52,700 per 10 grams
• 22K Gold: Around ₹1,39,900 per 10 grams
• Silver: Around ₹2,59,700 per kg
Pune
• 24K Gold: Around ₹1,53,050 per 10 grams
• 22K Gold: Around ₹1,40,300 per 10 grams
• Silver: Around ₹2,60,000 per kg
Jaipur
• 24K Gold: Around ₹1,52,600 per 10 grams
• 22K Gold: Around ₹1,39,800 per 10 grams
• Silver: Around ₹2,59,300 per kg
Lucknow
- • 24K Gold: Around ₹1,52,650 per 10 grams
- • 22K Gold: Around ₹1,39,850 per 10 grams
- Silver: Around ₹2,59,500 per kg
Patna
- 24K Gold: Around ₹1,52,750 per 10 grams
- 22K Gold: Around ₹1,39,950 per 10 grams
- Silver: Around ₹2,59,800 per kg
Surat
- 24K Gold: Around ₹1,52,900 per 10 grams
- 22K Gold: Around ₹1,40,100 per 10 grams
- Silver: Around ₹2,60,000 per kg
Silver Performs Better Than Gold
Silver prices continued to rise faster than gold prices in MCX trading. Analysts said stronger industrial demand and higher investor buying supported silver prices around the world.
Market data showed that silver prices have increased by more than 160 percent compared to last year, while gold prices have risen nearly 59 percent year-on-year. Experts said silver demand remained strong because it is used both as a precious metal and in industries.
Experts Expect Prices to Remain Volatile
Bullion experts said gold and silver prices may continue to see ups and downs in the coming days. Some analysts believe gold prices could touch ₹1.60 lakh per 10 grams if global tensions continue and central banks keep cautious monetary policies.
Experts also said silver prices may stay strong because of rising industrial demand and investor interest. However, traders warned that any major diplomatic progress between the US and Iran could lead to a sudden fall in bullion prices.
Buyers Asked to Be Careful at Current Rates
Market experts advised investors and jewellery buyers to remain careful while purchasing at current high prices because gold and silver are trading near record levels.
Jewellers also said jewellery prices can differ slightly from one city to another because of local taxes, transportation costs, and making charges. They added that GST and making charges increase the final jewellery bill for customers.
khushisikarwar is an award-winning journalist and content creator who thrives on telling stories that matter. As a key contributor to Newsisland, [she] focus on cultural commentary, providing readers with thought-provoking insights.
