Gold Rate Today, May 8: Gold Slips on Friday; 24K Sheds ₹320 per 10 gm Amid Geopolitical Uncertainty

Mumbai, May 8: Gold prices in India edged lower on Friday, snapping a two-session recovery streak as renewed hostilities between the United States and Iran near the Strait of Hormuz introduced fresh volatility into global financial markets, prompting some profit-booking in the precious metal even as underlying safe-haven demand remained broadly intact. 

The pullback came after Thursday’s firm session had extended gold’s domestic recovery to a second consecutive day, and Friday’s modest correction reflects the market’s recalibration as investors weigh conflicting signals — rising geopolitical risk on one hand and a firming US dollar on the other.

National Gold Prices

Today’s national benchmark for 24-karat gold (99.9% purity) stands at ₹1,52,680 per 10 grams on Friday, a decline of ₹320 from Thursday’s rate. The 22-karat rate (91.6% purity) is quoted at ₹1,39,950 per 10 grams, down ₹300 from Thursday’s close. The 18-karat rate (75% purity) is priced at ₹1,14,510 per 10 grams, shedding ₹240 from the previous session. 

The modest correction across all three purities is broadly consistent with international spot gold retreating slightly from recent highs as the dollar firmed up on safe-haven flows following the overnight US-Iran exchange of fire, which paradoxically weighed on gold even as it reflected heightened geopolitical risk.

Globally, spot gold came under mild selling pressure through Asian hours on Friday as the dollar index edged higher to 98.235, compressing the appeal of the non-yielding metal for holders of other currencies. The precious metal continues to find structural support, however, from central bank accumulation, robust retail demand in India and China, and the broader uncertainty surrounding the US-Iran ceasefire, which has repeatedly flared up and dashed expectations of a swift diplomatic resolution. 

The domestic market tracked international weakness, with the rupee’s modest softness against the dollar adding a partial cushion to gold’s imported price, limiting the extent of the domestic decline relative to the international move.

City-Wise Gold Prices – South, East and West

Chennai continues to command the highest gold rates among India’s ten major tracked cities, with 10 grams of 24-karat gold quoted at ₹1,53,840 on Friday, while 22-karat is priced at ₹1,41,020 and 18-karat at ₹1,17,720 per 10 grams — a reflection of the city’s structurally elevated rates driven by robust jewellery demand and localised association markups.

Mumbai, Kolkata, Bangalore, Hyderabad, Kerala, and Pune are all uniformly priced at ₹1,52,680 for 24-karat, ₹1,39,950 for 22-karat, and ₹1,14,510 for 18-karat gold per 10 grams, maintaining the tightly harmonised pricing that has been a consistent feature across these six cities with no local premium recorded above the national benchmark.

City-Wise Gold Prices – North and West

Delhi quotes 10 grams of 24-karat gold at ₹1,52,880, with 22-karat at ₹1,40,100 and 18-karat at ₹1,14,660 per 10 grams — carrying a slight premium over the national benchmark on all three purities, reflecting minor localised adjustments by Delhi bullion dealers. Vadodara and Ahmedabad both quote 24-karat gold at ₹1,52,780 per 10 grams, 22-karat at ₹1,40,000, and 18-karat at ₹1,14,610, maintaining a consistent premium above the Mumbai benchmark rooted in localised jewellers’ association norms. 

Across all markets, buyers continue to closely track international cues and the evolving Middle East situation, with any further escalation likely to revive safe-haven demand and reverse Friday’s modest correction in the sessions ahead.

Silver Prices

Silver prices in India edged higher on Friday, with the national rate for the white metal quoted at ₹2,750 per 10 grams — a gain of ₹50 over Thursday’s rate of ₹2,700 per 10 grams, continuing a steady upward trajectory that has now seen the metal advance for a third consecutive session. At the per-gram level, silver is priced at ₹275 on Friday, up ₹5 from Thursday’s ₹270, while at the kilogram level the metal is quoted at ₹2,75,000, rising ₹5,000 from Thursday’s ₹2,70,000. 

Gold Rates Across Indian Cities – 10 Grams (May 8, 2026)

Source:

• goodreturns.in | Prices are for 10 grams of gold | Rates as of May 8, 2026