Gold Prices on 8th April 2025, Extend Decline for Fourth Consecutive Day

Gold prices in India continued to dip for the fourth straight session on 8th April 2025. The downward movement, which began last Friday, is still ongoing, likely driven by subdued demand and broader market corrections. As per the latest data, the 22-karat gold rate stands at ₹8,225 per gram, while the 24-karat gold rate is quoted at ₹8,973 per gram.

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Cost of Gold Drops Today

At 10:36 AM on 8th April 2025, gold rates in India slipped once again across various parts of the country. The price of 22K gold declined by ₹60 per gram, while 24K gold saw a steeper drop of ₹65 per gram. Here's a look at how gold prices are shaping up city-wise:

• Gold Price Today in Mumbai: The gold price in Mumbai today stands at ₹8,225 per gram for 22-karat gold. The 24-karat gold rate in Mumbai is currently ₹8,973 per gram, reflecting the broader downtrend.
• Gold Price Today in Chennai: Gold rates in Chennai have aligned with the national average. As of April 8, the 22K gold price in Chennai is ₹8,225 per gram, while the 24K gold is valued at ₹8,973 per gram.
• Gold Price Today in Bangalore: Bangalore has also recorded a dip in rates. The 22-karat gold rate in Bangalore is ₹8,225 per gram, and the 24-karat gold price stands at ₹8,973 per gram.
• Gold Price Today in Hyderabad: In Hyderabad, the 22K gold price today is ₹8,225 per gram, and the 24K gold rate is pegged at ₹8,973 per gram.
• Gold Price Today in Kerala: Kerala is mirroring the nationwide softening of rates. As of now, the 22-karat gold price in Kerala is ₹8,225 per gram, while the 24-karat gold rate is ₹8,973 per gram.
• Gold Price Today in Delhi: Gold rates in Delhi have shown a slightly different trend. The 22K gold price in Delhi is marginally higher at ₹8,240 per gram, and the 24K gold rate is ₹8,988 per gram.
   

Recent Gold Price Trends in India

Gold prices have experienced steady declines over the past few sessions, suggesting a potential short-term correction in the market. Here's how the prices have changed in recent days:

April 7: Gold prices decreased. 22K gold was at ₹8,285 per gram and 24K gold was at ₹9,038 per gram.
April 5: Rates dropped to ₹8,310 per gram for 22K gold and ₹9,066 per gram for 24K gold.
April 4: A significant drop was noted, with 22K gold at ₹8,400 per gram and 24K at ₹9,164 per gram. 
April 3: Gold prices were at their recent peak, with 22K at ₹8,560 per gram and 24K at ₹9,338 per gram.
 

Conclusion

Gold prices in India have continued on a downward trajectory on 7th April. While fluctuations in international markets, geopolitical cues, and domestic demand play a crucial role in shaping these trends, the current scenario potentially suggests a phase of correction. Investors and buyers should closely monitor gold rate movements and consider consulting financial experts before making large purchases or investments during this volatile phase.