Gold Prices Today, September 8, 2025: Yellow Metal Hits Record High, Silver Declines ₹1,000
Gold Rate Today, September 8, 2025: The Indian bullion market opened this Monday with gold trading in the green, reaching fresh record levels. Compared to last Friday, gold prices have surged by nearly ₹800 per 10 grams. In key markets like Delhi, Mumbai, Jaipur, and Lucknow, the price of 24-carat gold has now crossed the ₹1,08,000 mark per 10 grams, while 22-carat gold is trading above ₹99,500.
Silver Prices Show a Decline
Unlike gold, silver prices have slipped slightly. On September 8, silver was trading at ₹1,27,000 per kilogram, showing a decline of around ₹1,000 compared to last week’s closing.
Why Are Gold Prices Rising?
The rally in gold is not limited to India but is part of a global trend. Analysts point to several factors fueling this sharp upward movement:
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US Interest Rate Outlook: The US Federal Reserve is expected to cut interest rates in the coming months. Lower interest rates reduce the appeal of interest-bearing investments, pushing investors toward safe-haven assets like gold.
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Geopolitical Tensions: Ongoing conflicts such as the Russia-Ukraine war, unrest in West Asia, and uncertainty in international trade have further boosted gold’s demand worldwide.
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Weakening Rupee: A depreciating rupee against the US dollar has added additional pressure on domestic gold prices. Since India imports most of its gold, a weaker rupee directly increases import costs.
Experts believe that with these global and domestic conditions in play, gold prices could continue to climb in the coming weeks. In fact, many market watchers expect prices to remain bullish until Diwali, a season that traditionally witnesses high demand for gold jewelry and investments.
Gold Prices Across Major Cities on September 8, 2025
| City | 22 Carat Gold (₹/10g) | 24 Carat Gold (₹/10g) |
|---|---|---|
| Delhi | 99,590 | 1,08,610 |
| Mumbai | 99,350 | 1,08,380 |
| Chennai | 99,350 | 1,08,380 |
| Kolkata | 98,650 | 1,08,380 |
| Jaipur | 99,590 | 1,08,610 |
| Noida | 99,590 | 1,08,610 |
| Ghaziabad | 99,590 | 1,08,610 |
| Lucknow | 99,590 | 1,08,610 |
| Bengaluru | 99,350 | 1,08,380 |
| Patna | 99,350 | 1,08,380 |
How Are Gold Prices Decided in India?
Gold prices in India are influenced by several key factors:
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International Gold Rates: Since India is one of the largest importers of gold, global market movements directly affect domestic prices.
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Import Duties and Taxes: Duties imposed by the Indian government also add to the final retail price.
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Currency Exchange Rates: The strength or weakness of the Indian rupee against the US dollar plays a crucial role, as gold imports are dollar-denominated.
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Local Demand and Supply: Festivals, weddings, and cultural traditions drive seasonal demand, often leading to short-term spikes.
Key Takeaway
As of September 8, 2025, gold prices in India have touched an all-time high, while silver has seen a slight dip. With global economic uncertainty and domestic festive demand on the horizon, experts predict that the yellow metal could continue its upward journey in the weeks ahead.
