Gold Today Rate, 8 July: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
Gold prices in India continue to reflect both global cues and domestic demand patterns. As of 8 July 2025, the yellow metal witnessed a marginal uptick across most cities in India. Consumers and investors are keeping a close watch on gold prices amid ongoing international economic uncertainties and fluctuations in the US dollar index.
Whether you are planning a wedding purchase, investing in gold jewellery, or tracking gold rates for portfolio decisions, here’s a comprehensive look at the latest 18K, 22K, and 24K gold rates in major Indian cities including Chennai, Mumbai, Delhi, Kolkata, and others.
📊 Gold Rate Trends as of 8 July 2025
Gold prices rose slightly across most major metropolitan areas in India today. This marginal increase follows a stable trend over the past week, driven by a softer dollar and firm international bullion prices. Here’s a breakdown of the per gram rates:
| City | 24K Gold (₹/g) | 22K Gold (₹/g) | 18K Gold (₹/g) |
|---|---|---|---|
| Delhi | ₹9,899 | ₹9,075 | ₹7,425 |
| Mumbai | ₹9,884 | ₹9,060 | ₹7,413 |
| Chennai | ₹9,884 | ₹9,060 | ₹7,475 |
| Kolkata | ₹9,884 | ₹9,060 | NA |
| Bangalore | ₹9,884 | ₹9,060 | ₹7,415 |
| Hyderabad | ₹9,884 | ₹9,060 | ₹7,412 |
Note: Rates are subject to market fluctuations and may vary by jeweller or location.
📍 City-Wise Breakdown and Factors
Delhi
Gold prices in Delhi remained firm, with 24-carat gold priced at ₹9,899 per gram. The capital city, known for its robust wedding season sales and investor-driven gold buying, has been seeing steady demand.
Mumbai
In India’s financial capital, gold was priced at ₹9,884 per gram for 24K. Mumbai often reflects international gold trends closely due to the presence of several bullion traders and institutional buyers.
Chennai
Chennai, known for its cultural affinity to gold, especially during festivals like Pongal and Diwali, also recorded ₹9,884 per gram for 24K gold. The price of 18K gold was slightly higher here than in other cities, at ₹7,475 per gram.
Kolkata
Gold prices in Kolkata remained consistent with national averages. 24K and 22K gold were available at ₹9,884 and ₹9,060 per gram respectively. Rates for 18K gold weren’t prominently listed but are expected to fall between ₹7,400–₹7,450.
🌍 Why Are Gold Prices Rising?
Several factors are influencing the recent price movements in the Indian gold market:
1. International Economic Signals
Gold prices have been slightly bullish due to rising concerns about global inflation, US-China trade tensions, and geopolitical uncertainties. These factors tend to drive safe-haven demand for gold.
2. US Dollar Weakness
The US dollar has shown signs of weakening amid speculation that the Federal Reserve might delay further rate hikes. A weaker dollar often translates to higher gold prices globally and domestically.
3. Domestic Demand
India remains one of the largest consumers of gold. With the upcoming festive and wedding season, jewellers are stocking up, pushing prices upward.
4. Import Duty & Government Policies
India’s gold prices are also influenced by import duties and government regulations. Any potential changes in import taxes, like those seen in the Union Budget or RBI guidelines, could trigger rate fluctuations.
🧮 Gold Price Calculator – Quick Estimate
For those planning to make a purchase today, here’s a quick estimate (excluding GST and making charges):
- 10g of 24K gold in Delhi: ₹98,990
- 10g of 22K gold in Mumbai: ₹90,600
- 10g of 18K gold in Chennai: ₹74,750
Always check with your local jeweller for final pricing, as they may include making charges or offer promotional discounts.
🔁 Gold Rate Forecast: What’s Ahead?
While gold has maintained a largely stable trend in July so far, analysts expect moderate volatility in the weeks ahead. The market will closely watch the following:
- US inflation data and Fed meeting outcomes
- Rupee-dollar exchange rate
- Domestic monsoon progress, which affects rural gold demand
- Global crude oil prices and their impact on inflation
If geopolitical tensions escalate or inflation data surprises markets, we could see gold breaching ₹10,000 per gram for 24K in some cities.
💬 Expert Advice for Buyers
If you’re planning to buy gold jewellery or invest in gold coins/bars:
- Buy Hallmarked Jewellery: Look for BIS Hallmarking to ensure purity.
- Compare Prices: Prices vary slightly among cities and jewellers.
- Track Making Charges: Jewellers may charge anywhere between 3–20%.
- Invest in Digital Gold or Gold ETFs if you want to avoid storage and purity concerns.
📌 Conclusion
Gold continues to hold its value as a time-tested investment and a culturally significant asset in India. With today’s rates showing slight upward momentum, it might be a good time to make informed purchases, especially if you’re buying for weddings, festivals, or long-term investment.
Stay updated with daily gold rates and watch market trends closely to get the best value for your money.
