Gold Prices Today on 8th May, Rise Again to Touch New May Highs

Gold prices in India continued their upward climb on 8th May 2025, pushing further into record territory for the month. After consecutive gains over the past two days, both 22K and 24K gold prices have inched higher once again. Currently, 22K gold is priced at ₹9,130 per gram, while 24K gold stands at ₹9,960 per gram.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Cost of Gold in India Rise Further on 8th May 2025

As of 10:28 AM on 8th May, gold rate today across major Indian cities have seen another rise. The price of 22K gold is up by ₹55 per gram, and 24K gold has increased by ₹60 per gram. These are now the highest price levels seen in May 2025 so far, marking a three-day streak of new monthly highs. Here’s a look at today’s city-wise rates:

• Gold Price Today in Mumbai: 22K gold is now at ₹9,130 per gram, while 24K gold has reached ₹9,960 per gram.
• Gold Price Today in Chennai: Chennai reflects the national average, with 22K gold priced at ₹9,130 and 24K gold at ₹9,960.
• Gold Price Today in Bangalore: In Bangalore, 22K gold stands at ₹9,130 per gram and 24K gold is at ₹9,960.
• Gold Price Today in Hyderabad: Hyderabad maintains parity with national rates—22K gold at ₹9,130, and 24K gold at ₹9,960 per gram.
• Gold Price Today in Kerala: Gold prices in Kerala follow the same trend, with 22K gold at ₹9,130 and 24K gold at ₹9,960 per gram.
• Gold Price Today in Delhi: In the capital, 22K gold has touched ₹9,145 per gram, while 24K gold stands at ₹9,975 per gram.
   

Recent Gold Price Trends in India

Gold has maintained a strong upward trend for three consecutive days. Here’s a quick recap of the recent movement:

• May 7: Gold prices surged—22K gold rose by ₹50 to ₹9,075 per gram, 24K gold increased ₹54 to ₹9,900 per gram.
• May 6: Gold prices witnessed a major rally—22K gold jumped by ₹250 to ₹9,025 per gram, 24K gold climbed ₹273 to ₹9,846 per gram.
• May 5: Gold rates saw minor gains—22K gold up ₹20 to ₹8,775 per gram, 24K gold rose ₹22 to ₹9,573 per gram.
• May 3: No price change recorded.
• May 2: Gold prices dipped—22K gold fell ₹20 to ₹8,755 per gram, 24K gold declined ₹22 to ₹9,551 per gram.
   

Conclusion

The steady rise in gold prices into 8th May potentially reflects strong bullish momentum in the domestic bullion market. With prices reaching new monthly highs for the third day in a row, a combination of global trends and rising local demand may be fueling the rally. Buyers and investors should stay tuned to daily rate changes to make timely decisions in this dynamic environment.