Gold price today in your city today, on June 8: Check gold and silver rates in your city — Chennai, Kolkata, Bengaluru, Hyderabad, Delhi and Mumbai.
Here’s a snapshot of the gold and silver markets as of 9:00 AM IST today, focusing on spot prices across major Indian cities, the MCX landscape, and a comparative look at yesterday’s rates presented in charts.
Gold Price Today (9:00 AM IST): City-Wise Snapshot
| City | 24 Carat Gold (₹/10 gm) | 22 Carat Gold (₹/10 gm) |
| Delhi | 103,281 | 94,769 |
| Mumbai | 102,981 | 102,569* |
| Chennai | 103,720 | 95,150 |
| Kolkata | 102,981 | 94,769 |
| Bangalore | 102,981 | 94,769 |
| Hyderabad | 102,981 | 94,769 |
| Ahmedabad | 103,080 | 94,860 |
| Pune | 102,981 | 94,769 |
| Jaipur | 103,281 | 94,769 |
| Lucknow | 103,281 | 94,769 |
| Kochi | 102,981 | 94,769 |
| Coimbatore | 103,720 | 95,150 |
| Madurai | 103,720 | 95,150 |
| Vijayawada | 102,981 | 94,769 |
| Visakhapatnam | 102,981 | 94,769 |
Note: The 22 Carat gold price in Mumbai appears to be an outlier and may be subject to verification.
MCX Gold and Silver: Current Outlook
MCX Gold (June 2025 Contract): Recent analysis suggests a cautious “sell-on-rise” strategy. Following a slight anticipated higher opening around ₹98,200, resistance is being observed near ₹98,500. Traders are eyeing potential downside targets at ₹98,000 and ₹97,750. Geopolitical factors and USD movements continue to be key influences.
MCX Silver (July 2025 Contract): Silver has shown strength after finding support at Fibonacci levels. There’s potential for a retest of previous highs and a possible breakout above ₹98,800, which could trigger further upward momentum towards ₹1,00,000. Dips are viewed as potential buying opportunities.
Gold and Silver Price Comparison: June 7th vs. June 8th (9:00 AM IST)
Here’s a chart illustrating the change in gold and silver prices in key cities from yesterday (June 7th) to today (June 8th) at 9:00 AM IST:
Gold (₹/10 gm)
| City | June 7th (9 AM) 24 Carat | June 8th (9 AM) 24 Carat | Change | June 7th (9 AM) 22 Carat | June 8th (9 AM) 22 Carat | Change |
| Delhi | 104,861 | 103,281 | -1580 | 96,349 | 94,769 | -1580 |
| Mumbai | 104,561 | 102,981 | -1580 | 96,049 | 102,569 | +6520 |
| Chennai | 105,300 | 103,720 | -1580 | 96,730 | 95,150 | -1580 |
| Kolkata | 104,561 | 102,981 | -1580 | 96,049 | 94,769 | -1280 |
Silver (₹/kg)
| City | June 7th (9 AM) | June 8th (9 AM) | Change |
| Delhi | 107,000 | 107,000 | 0 |
| Mumbai | 107,000 | 107,000 | 0 |
| Chennai | 110,000 | 110,000 | 0 |
| Kolkata | 107,000 | 107,000 | 0 |
Observations:
- Gold: Most major cities have witnessed a decrease in gold prices for both 24 and 22 carat varieties compared to yesterday morning. Mumbai’s 22-carat gold price shows a significant increase which requires further verification.
- Silver: Silver prices have largely remained stable across the major cities compared to yesterday morning.
Why Are People Still Buying Gold When Prices Are So High?
Despite the consistently high and often rising prices, the demand for gold, particularly in markets like India, remains robust. This seemingly counterintuitive behavior is driven by a confluence of deep-rooted cultural, traditional, and economic factors:
- Cultural Significance and Tradition: Gold is deeply woven into the fabric of Indian culture. It is considered auspicious for festivals like Diwali, Dhanteras, and Akshaya Tritiya, and is an indispensable part of weddings and religious ceremonies. Buying gold during these times is not just a purchase; it’s a cultural obligation and a symbol of blessings and good fortune.
- Symbol of Status and Prestige: Owning gold has historically been, and continues to be, a prominent indicator of social status and affluence. For many, it’s a visible display of wealth and prosperity.
- Generational Wealth and Heirloom: Gold jewelry and coins are often passed down through generations, serving as family heirlooms and a tangible means of transferring wealth. It provides financial security for future generations.
- Safe Haven and Investment: Gold is widely regarded as a reliable store of value, especially during times of economic uncertainty, inflation, or geopolitical instability. When other asset classes like stocks or real estate become volatile, investors flock to gold as a safe haven to preserve their capital.
- Hedge Against Inflation: When the value of fiat currency declines due to inflation, gold tends to retain or even increase its purchasing power, making it an attractive hedge for many.
- Central Bank Demand: A significant factor in the current high prices is the consistent buying by global central banks, who are accumulating gold to diversify their reserves and reduce reliance on other currencies. This institutional demand further validates gold’s appeal as a strategic asset.
- Liquidity: Gold is a highly liquid asset, meaning it can be easily converted into cash when needed, providing a sense of financial security.
These multifaceted reasons ensure that even at elevated prices, gold continues to be a sought-after commodity for both traditional and investment purposes.
Disclaimer: These are morning prices and are subject to change throughout the day based on market fluctuations and other influencing factors. This blog post is for informational purposes only and does not constitute financial advice. Please consult with a financial advisor before making any investment decisions.1