Gold and Silver Pricing Update for February 8, 2025: Latest Rates in India

New Delhi, February 8, 2025 – The prices of gold and silver witnessed some notable changes today, with gold experiencing a modest decrease while silver prices remained stable. As of this morning, the price of 24 carat gold is reported at ₹86,673.0 for 10 grams in Delhi, reflecting a drop of ₹20. The price of 22 carat gold is also decreased by ₹20, now standing at ₹79,463.0 per gram.

Current Gold Prices in Major Cities

The fluctuation in gold prices has been notable over the past week, with a recorded decrease of approximately 2.04%. On a month-to-month basis, gold has seen a more significant decline of around 8.15%. Below are the gold rates across various major cities in India as reported today:

Chennai: ₹86,521.0 per 10 grams (previous day: ₹86,271.0)
Bangalore: ₹86,515.0 per 10 grams (previous day: ₹86,265.0)
Hyderabad: ₹86,529.0 per 10 grams (previous day: ₹86,279.0)
Visakhapatnam: ₹86,537.0 per 10 grams (previous day: ₹86,287.0)
Vijayawada: ₹86,535.0 per 10 grams (previous day: ₹86,285.0)

In terms of silver pricing, the current rate holds steady at ₹102,500.0 per kilogram in Delhi, remaining unchanged from yesterday.

Silver Prices in Major Cities

Silver prices have fluctuated slightly, with rates as follows in other major southern cities:

Chennai: ₹109,600.0 per kg (previous day: ₹109,800.0)
Bangalore: ₹101,500.0 per kg (previous day: ₹101,700.0)
Hyderabad: ₹110,200.0 per kg (previous day: ₹110,400.0)
Visakhapatnam: ₹108,600.0 per kg (previous day: ₹107,500.0)
Vijayawada: ₹111,000.0 per kg (previous day: ₹109,900.0)

Key Factors Influencing Prices

The prices of gold and silver are subject to various influencing factors. Key reasons for the fluctuations include:

Global Demand: The overall demand for these precious metals globally significantly impacts their pricing.
Currency Fluctuations: Changes in the value of major currencies, notably the US dollar, can alter the attractiveness of gold and silver as investments.
Interest Rates: Elevated interest rates often render gold and silver less appealing investments since they do not provide interest income.
Government Regulations: Policies and regulations governing the trade of gold and silver can have immediate effects on pricing.
World Events: Economic conditions, geopolitical events, and other global factors contribute greatly to the demand for precious metals.

Insights from jewelers indicate that market trends and potential pricing movements are continuously monitored as gold and silver remain key components of India’s investment landscape.

For real-time updates and more comprehensive financial news, subscribers are encouraged to explore the Mint News app.

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Note: The above report encapsulates the current trends in gold and silver pricing as of February 8, 2025, and is intended for informational purposes. Always check local vendors and updated sources for the most accurate data.