Gold prices remained elevated across major Indian cities on Saturday, August 8, 2026, with the precious metal extending its gains for the fourth consecutive session. Silver prices also remained firm, supported by positive investor sentiment and strong demand for bullion.
Gold, silver rates today in Mumbai
In Mumbai, 22-carat gold is trading at around ₹13,xxx per gram, while 24-carat gold is around ₹15,xxx per gram. Silver is priced at around ₹xxx per gram.
Gold, silver rates today in Delhi
Gold prices in Delhi rose by ₹200 to ₹1.54 lakh per 10 grams on Friday, extending gains for the fourth straight session. The yellow metal of 99.9 per cent purity increased to ₹1,54,000 per 10 grams, inclusive of all taxes, from Thursday's closing level of ₹1,53,800, according to local traders.
Silver, meanwhile, remained unchanged at ₹2,34,800 per kilogram, inclusive of all taxes, after witnessing a sharp rise in the previous session.
Gold, silver rates today in Bengaluru
In Bengaluru, 22-carat gold is trading at around ₹13,xxx per gram, while 24-carat gold is around ₹15,xxx per gram. Silver is priced at around ₹xxx per gram.
Gold, silver rates today in Chennai
In Chennai, the price of 22-carat gold increased by ₹520 per sovereign on Saturday, translating into a rise of ₹65 per gram. Silver prices also remained closely watched by buyers in the city.
Why are gold prices rising?
Analysts attributed the rally in gold prices to a weaker US dollar, softer crude oil prices, easing inflation expectations and renewed institutional demand for bullion.
Gaurav Garg, Head of Research at Lemonn Markets Desk, said gold had extended its gains for the fourth consecutive session and was heading for its strongest weekly performance since January. He attributed the rally to the weak dollar, easing inflation expectations and continued demand for bullion ahead of the US non-farm payrolls report, which could influence the Federal Reserve's next policy decision.
Silver prices also gained in overseas markets amid improving investor sentiment.
Overseas markets support bullion
In international markets, spot gold rose USD 84.74, or 2 per cent, to USD 4,325.43 per ounce, while silver advanced more than 4 per cent to USD 64.17 per ounce.
Kaynat Chainwala, AVP, Commodity Research at Kotak Securities, said spot gold was trading near USD 4,350 per ounce, while silver climbed above USD 64 an ounce on Friday.
According to Chainwala, both metals were on course for their strongest weekly performance since January, supported by softer crude oil prices and a weaker US dollar. Easing concerns over supply disruptions following hopes of a shipping arrangement through the Strait of Hormuz also supported bullion prices.
Renewed institutional demand remained another positive factor, with global gold exchange-traded funds recording inflows of 23.5 tonnes in July, following two consecutive months of outflows.
Focus on US jobs data
Market participants are now awaiting the US non-farm payrolls report, which is expected to provide fresh cues on the Federal Reserve's interest-rate outlook. The data could influence expectations around the central bank's monetary policy and, in turn, affect gold and silver prices.
Gold and silver rates can vary slightly between cities and jewellery retailers depending on local market conditions, taxes, making charges and other applicable levies. Buyers should therefore check the latest rates with their jeweller before making a purchase.
