Gold Price Today : In a surprising development that has caught the attention of investors and jewelry buyers alike, gold and silver prices have witnessed a sharp decline today across major markets in India. This fall comes amid global uncertainties, currency fluctuations, and a cooling demand in the bullion market.
Whether you’re a seasoned investor or someone planning to buy jewelry, this price movement is important to understand. Let’s take a detailed look at the current market trends, updated prices, and what it means for buyers.
Latest Gold Rates (As of August 8, 2025)
As of today, the price of 24-carat gold has dropped by ₹400 per 10 grams, while 22-carat gold has declined by ₹350 per 10 grams. Here are the approximate rates across major cities:
- Delhi: ₹59,500 (22K), ₹64,900 (24K)
- Mumbai: ₹59,200 (22K), ₹64,500 (24K)
- Chennai: ₹59,800 (22K), ₹65,100 (24K)
- Kolkata: ₹59,400 (22K), ₹64,700 (24K)
- Bangalore: ₹59,300 (22K), ₹64,600 (24K)
These prices may vary slightly depending on local jewelers, making charges, and state taxes.
Silver Prices Drop Too
It’s not just gold—silver prices have also dropped sharply. Silver is now trading at approximately ₹74,300 per kg, down ₹800 from the previous day.
In retail markets, silver coins and jewelry prices are expected to reflect this decline, making it a potentially good time for bulk buyers or investors in silver.
Why Are Gold and Silver Prices Falling?
Several factors are contributing to this sudden dip:
- Strengthening of the US Dollar Gold prices are inversely related to the value of the US dollar. A stronger dollar puts pressure on gold, making it more expensive for holders of other currencies, thus reducing demand.
- Global Interest Rate Trends With global central banks, including the US Federal Reserve, signaling a possible pause in rate hikes, investors are pulling back from precious metals and moving toward higher-yielding assets like bonds and equities.
- Reduced Jewelry Demand Post-wedding season and pre-festive lull in India have also led to decreased retail demand, especially in southern states where gold consumption is traditionally higher.
- Profit Booking by Investors With gold reaching near-record highs earlier this year, many investors are now booking profits, which adds to the downward pressure on prices.
What This Means for Buyers and Investors
For regular consumers looking to buy jewelry or coins, this drop in gold and silver prices can be seen as a golden opportunity. You may find better deals and lower making charges, especially if you’re planning purchases for upcoming festivals like Dussehra or Diwali.
For investors, however, the dip could signal market volatility. It’s essential to look at long-term trends rather than short-term movements. Precious metals remain a safe-haven asset in times of global uncertainty.
Should You Buy Now?
Here’s what experts suggest:
- Yes, if you’re buying for personal use or gifting.
- Caution, if you’re looking for short-term investment returns.
- Wait and Watch, if you’re expecting further decline before festive demand kicks in.
- Keep an eye on international cues, currency movements, and local demand before making major decisions.
Conclusion
Today’s drop in gold and silver prices is a reminder of how dynamic the precious metals market can be. While it offers a great opportunity for jewelry buyers, investors must weigh global indicators before making any moves.
Whether you’re a bullion trader, a family preparing for a wedding, or someone simply buying a silver coin, staying informed about market trends will help you make smarter financial choices.