On May 8, 2025, gold prices across India saw a notable increase, reflecting a trend in the gold market that has been influenced by various economic factors. The price for 24-carat gold reached ₹9,960 per gram, while 22-carat gold was priced at ₹9,130 per gram, and 18-carat gold at ₹7,470 per gram. These rates mark a significant rise from the previous day's prices, indicating a robust demand for gold as an investment vehicle.
In major cities such as Delhi, Mumbai, and Chennai, gold prices have shown a consistent upward trajectory. For instance, in Delhi, the price for 18-carat gold today is ₹7,439 per gram, up from ₹7,438 yesterday. Similarly, 22-carat gold in Delhi is now priced at ₹9,091 per gram, compared to ₹9,090 the previous day. The increase in gold prices is not just a local phenomenon; it is mirrored in other cities as well, including Mumbai, where 24-carat gold now costs ₹9,960 per gram, up from ₹9,900.
Gold's appeal as a safe haven investment has been underscored by recent geopolitical tensions, particularly the rising conflicts between India and Pakistan and the renewed hostilities between Israel and Gaza. These factors have led investors to seek refuge in commodities like gold and silver, which are traditionally viewed as more stable investments during uncertain times.
According to the Indian Bullion Association (IBA), the price of 24-carat gold was noted at ₹97,000 for 10 grams at 11 am on May 8, 2025. The MCX gold index also reflected a price of ₹97,250 for 10 grams earlier in the day. This fluctuation in prices highlights the dynamic nature of the gold market and the influence of global economic conditions.
In the context of inflation, gold has proven to be an effective hedge. Over the past year, the price of gold has surged by approximately 30%, and it has achieved a compound annual growth rate (CAGR) of 15% since 2001. Furthermore, data indicates that gold has outpaced inflation by 2-4% since 1995, making it an attractive option for long-term investors.
The detailed breakdown of gold prices today in key Indian cities is as follows:
- Delhi: 18-carat gold at ₹7,439 per gram, 22-carat at ₹9,091, and 24-carat at ₹9,916.
- Mumbai: 18-carat gold at ₹7,470 per gram, 22-carat at ₹9,130, and 24-carat at ₹9,960.
- Chennai: 18-carat gold at ₹7,470 per gram, 22-carat at ₹9,130, and 24-carat at ₹9,960.
- Bangalore: 18-carat gold at ₹7,470 per gram, 22-carat at ₹9,130, and 24-carat at ₹9,960.
- Hyderabad: 18-carat gold at ₹7,470 per gram, 22-carat at ₹9,130, and 24-carat at ₹9,960.
- Kolkata: 18-carat gold at ₹7,470 per gram, 22-carat at ₹9,130, and 24-carat at ₹9,960.
- Pune: 18-carat gold at ₹7,470 per gram, 22-carat at ₹9,130, and 24-carat at ₹9,960.
- Ahmedabad: 18-carat gold at ₹7,430 per gram, 22-carat at ₹9,081, and 24-carat at ₹9,905.
- Agra: 18-carat gold at ₹7,439 per gram, 22-carat at ₹9,091, and 24-carat at ₹9,916.
- Amritsar: 18-carat gold at ₹7,455 per gram, 22-carat at ₹9,030, and 24-carat at ₹9,960.
As the gold market continues to evolve, investors are advised to stay informed about market trends and fluctuations. The recent decisions by the United States Federal Reserve to maintain steady interest rates have also played a role in shaping market sentiments. Analysts suggest that while gold prices may fluctuate, the underlying demand for gold as a secure investment remains strong.
As the world navigates through economic uncertainties and geopolitical tensions, gold's status as a reliable store of value is likely to remain intact. Investors looking to diversify their portfolios may find gold an appealing choice, especially given its historical performance during times of crisis.
In summary, today's gold prices reflect a broader trend in the investment landscape, where commodities are increasingly viewed as safe havens. With gold continuing to show resilience against inflation and market volatility, it remains a favored option for both seasoned investors and newcomers alike.
