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Gold Price Today: Know the new rates of gold and silver in your city amid the upheaval in the market

Siddhi Jain April 08, 2025 02:15 PM

Gold Rate 8th April: On Tuesday, MCX gold per 10 grams is Rs 87,533. According to data from the Multi Commodity Exchange (MCX), the new price of gold has increased by 0.70 percent to Rs 600.

Gold Rate 8th April: On Monday, a day after the earthquake in the stock market, where there was a recovery, on the other hand, the price of gold and silver, which are considered the safest for investors, saw a jump on April 8. The price of gold has increased at a time when the global market was in a panic due to Black Monday a day earlier and the threat of global trade war between America and its allies is increasing.

On Tuesday, the price of MCX gold per 10 grams is Rs 87,533. According to the data of Multi Commodity Exchange (MCX), the new price of gold has increased by 0.70 percent to Rs 600. Whereas, the new price of MCX silver has increased by 0.89 percent i.e. Rs 785 to Rs 89,033 per kg.

Whereas, according to the data of Indian Bullion Association (IBA), the price of 10 grams of 24 carat gold was Rs 87,600 at 9.25 am. At the same time, the new rate of 10 grams of 22 carat gold is Rs 80,300. On the other hand, silver is being sold at Rs 89,350 per kg.

A day before this, according to Multi Commodity Exchange (MCX), the price of MCX gold on Monday i.e. 7 April is Rs 88 thousand per 10 grams amid the global trade war and the looming clouds of economic recession. Whereas, the price of MCX silver was Rs 88,698 per kg. Whereas, according to the Indian Bullion Association (IBA), the price of 24 carat gold was Rs 88,170 per 10 grams. Whereas, the price of 22 carat silver was Rs 80,823 per kg.

Gold production has increased significantly. In the second quarter of 2024, the profit from mining reached around $ 950 per ounce. Global gold reserves have also increased by 9 percent to 2,16,265 tonnes. Australia has increased gold production significantly and the supply of recycled gold has also increased. Demand from central banks, which bought 1,045 tonnes of gold last year, may decrease. A survey by the World Gold Council has revealed that 71 central banks are planning to reduce or maintain their gold reserves.

Mergers and acquisitions in the gold sector have increased by 32 per cent in the year 2024, indicating a peak in the market. Apart from this, the increase in gold-backed ETFs reflects the patterns that were last seen when prices were low.