Gold Rate in India Today (October 8, 2026): 24K, 22K 18K Gold & Silver Prices Pause Ahead of Festive Demand

Gold prices in India underwent no major movement today, as the prices fell sharply yesterday. This week has been exceptionally bearish for the bullion market, as the gold rate in India fell multiple times, which was good news for retail buyers who were under massive pressure due to rising prices

Gold Prices in India Today

On October 8, the 22-carat gold rate in India steadied at yesterday's rate to cost Rs.1,37,100 per 10 grams. While the 24-carat gold prices today are at Rs.1,49,570 per 10 grams. Similarly, the 18-carat gold rate today retails at Rs.1,12,180.

In a similar line, the 100 grams of 22-carat gold stand at Rs. 13,71,000. While the 24-carat gold price in India per 100 grams is now retailing at Rs. 14,95,700.

MCX Gold and Silver Futures Update

Gold futures prices on the Multi Commodity Exchange (MCX), expected to mature on December 4th, 2026, are trading 0.37% higher at Rs. 1,49,650 per 10 grams. Similarly, silver futures, with an expiry date of December 4th, are trading 0.12% higher at Rs. 2,23,830 per Kg.

City-Wise Gold Rates Today

Major metropolitan cities in India, including Chennai, Mumbai, Bangalore, and Hyderabad, mirrored the gold rates in India today. Here's the latest city-wise update on 22-carat and 24-carat gold rates on October 8th.

In Chennai, the 24-carat gold rate stands at Rs.1,49,570 per 10 grams, while the 22-carat gold price in Chennai is Rs.1,37,100 per 10 grams.

In Bangalore, the gold rate for 24-carat is Rs.1,49,570 per 10 grams, and the 22-carat gold rate in Bangalore is Rs.1,37,100 per 10 grams.

In Hyderabad, the 24K gold price is Rs.1,49,570 per 10 grams, and the 22K gold rate in Hyderabad is Rs.1,37,100 per 10 grams.

In Mumbai, the 22-carat gold rate is Rs.1,37,100 per 10 grams, while the 24-carat gold price in Mumbai remains at Rs.1,49,570 per 10 grams.

Silver Price Movement in India

Silver prices in India on Today again are showing no major movements, so 1kg of silver in India costs Rs 2,35,000. While 100g of silver rates in India cost Rs. 23,500.

Market Outlook for Gold Prices

"Gold and silver slipped further as oil rebounded on renewed Middle East supply risks, with Iran stepping up tanker attacks in the Strait of Hormuz and Saudi forces clashing with the Houthis. Higher oil keeps inflation and rate hike fears alive, and while softer data cooled October bets, traders still price an 85% chance of a December hike. Treasury yields hover near multi-decade highs. Markets now await the Fed minutes for clues on policymakers' appetite for further tightening. Technically, gold support sits at $4100 (~ Rs 148,500), while silver has broken a head-and-shoulders neckline, eyeing $57 (~ Rs 220,000) next." said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation

Spot Gold Prices + Spot Silver Price Today

Reuters in its report mentioned, "Spot gold was up 0.7% at $4,141.09 per ounce by ​0140 GMT. On Wednesday, bullion prices touched their lowest level since August 5 ​as a firmer dollar and higher US Treasury yields weighed on ⁠the market.