Gold Rate Today in India Slips After Two-Day Rally, Silver Climbs to Rs 2.75 Lakh/kg on Easing US-Iran Tension

Gold rates in India witnessed another decline on Friday, May 8, 2026, after witnessing a sharp rally over the previous two sessions. The price of 24 Karat (24K) gold slipped to Rs 15,268 per gram, down by Rs 32, while 22 Karat gold (22K) eased to Rs 13,995 per gram, lower by Rs 30 compared to the previous session.

The decline in gold prices comes after the yellow metal had surged by nearly Rs 38,200 over the last two trading sessions amid heightened geopolitical concerns and safe-haven buying.

Gold prices opened largely flat on the Multi Commodity Exchange (MCX) on Friday as investor sentiment improved slightly following optimism around easing tensions between the US and Iran, despite fresh geopolitical concerns surrounding the Strait of Hormuz and renewed instability in the Middle East.

Meanwhile, silver prices continued their upward momentum in the domestic market. Silver prices in India rose to Rs 275 per gram, gaining Rs 5, while silver rates per kilogram climbed by Rs 5,000 to Rs 2,75,000.

The recent rally in bullion prices was also supported by strong buying activity from China's central bank, even as fresh clashes in the Middle East threatened to disrupt the fragile ceasefire between the US and Iran, according to a Bloomberg report.

"Gold prices pared some gains after a sharp rally in the previous session, as the U.S. dollar rebounded amid fading optimism over an immediate U.S.-Iran peace agreement following mixed signals from Tehran. Bullion had surged more than 3% yesterday-its strongest daily rise since late March-after oil prices plunged on hopes of easing Middle East tensions," said Manav Modi Commodities Analyst, Motilal Oswal Financial Services Ltd.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 8 May 2026

24 Karat Gold Rate Today in India

On Friday, May 8, 2026, 24 Karat gold prices in India moved lower across major weight categories after the recent sharp rally in bullion rates. The price of 1 gram of 24 Karat gold stood at Rs 15,268, declining by Rs 32 from Thursday's Rs 15,300.

For 8 grams, the 24 Karat gold rate slipped to Rs 1,22,144, down by Rs 256 compared to the previous session's Rs 1,22,400. Meanwhile, the widely tracked 10-gram gold price declined to Rs 1,52,680 on Friday, lower by Rs 320 from Rs 1,53,000 recorded a day earlier.

In larger quantities, 100 grams of 24 Karat gold in India is now priced at Rs 15,26,800, registering a decline of Rs 3,200 compared to Thursday's Rs 15,30,000.

22 Karat Gold Price Today in India

On Friday, 22 Karat gold prices for 1 gram of 22 Karat gold stood at Rs 13,995, falling by Rs 30 from the previous session's Rs 14,025.

The price of 8 grams of 22K gold slipped to Rs 1,11,960, down by Rs 240 compared to Rs 1,12,200 on Thursday. Similarly, the 10-gram rate eased to Rs 1,39,950, lower by Rs 300 from the previous day's Rs 1,40,250.

Meanwhile, 100 grams of 22K gold in India is currently valued at Rs 13,99,500, reflecting a decline of Rs 3,000 from Thursday's Rs 14,02,500.

18 Karat Gold Rate Today in India

The price of 18 Karat gold prices on Friday declined to Rs 11,451, lower by Rs 24 from Thursday's Rs 11,475. For 8 grams, the 18K gold rate dropped to Rs 91,608, marking a decline of Rs 192 from the previous session's Rs 91,800. The 10-gram price also slipped to Rs 1,14,510, down by Rs 240 compared to Rs 1,14,750 recorded on Thursday.

In bulk quantities, 100 grams of 18K gold in India is now priced at Rs 11,45,100, reflecting a fall of Rs 2,400 from the previous day's Rs 11,47,500.

Silver Rate Today: Check Latest Silver Prices Per Kg and Grams on May 8, 2026

Unlike gold prices today, the price of 1 gram of silver increased to Rs 275, rising by Rs 5 compared to Thursday's Rs 270. Similarly, 8 grams of silver is now priced at Rs 2,200, higher by Rs 40 from the previous session's Rs 2,160.

Meanwhile, the 10-gram silver rate climbed to Rs 2,750 on Friday, registering a gain of Rs 50 compared to Rs 2,700 recorded a day earlier.

In larger quantities, 100 grams of silver in India is currently priced at Rs 27,500, up by Rs 500 from Thursday's Rs 27,000. The 1 kilogram silver rate also witnessed a sharp jump, rising by Rs 5,000 to Rs 2,75,000 compared to the previous session's Rs 2,70,000.

Gold, Silver Price Forecast; Check Technical Outlook By Expert

"Gold and silver rallied sharply - rising ~3% and 6% respectively - as US-Iran de-escalation prospects weighed on oil prices and eased inflation fears...........Technically, gold targets the $4,800-4,850 resistance band after bouncing from support, while silver, having hit $78, eyes $80 and $82 as the next upside levels," said Mr. Prithviraj Kothari, MD at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

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