Gold Rates In India Today Posts Biggest Rally Of April; Gold Up Rs 40,000 After Rs 10,900 Crash; Silver Climbs

Gold rates in India witnessed its biggest single-day rally of the month. On April 8, 24 carat gold skyrocketed by Rs 39,800 in 100 grams and surged by Rs 3,980 in 10 grams, this is the highest rally of April 2026 and also in past 10 days. The reason behind the bullish trend is the US-Iran ceasefire deal of 2-weeks and decline in oil prices. US dollar has also slipped below 100, making precious metals attractive further. Iran has agreed to reopen Strait of Hormuz during these two weeks, amidst inflationary concerns.

Also, the Reserve Bank of India (RBI) has kept repo rate unchanged for the second time in a row to 5.25%. RBI has also kept the monetary policy stance to Neutral.

Gold Rates In India:

24 carat gold climbed by Rs 39,800 to Rs 15,38,200 per 100 grams, while 10 grams gold is up by Rs 3,980 to Rs 1,53,820. Additionally, 8 grams gold is soared by Rs 3,184 to Rs 1,23,056 and 1 gram gold edged higher by Rs 398 to Rs 15,382.

Furthermore, 22 carat gold price skyrocketed by Rs 36,500 to Rs 14,10,000 per 100 grams and 10 grams gold zoomed by Rs 3,650 to Rs 1,41,000. Notably, 8 grams gold price here is higher by Rs 2,920 to Rs 1,12,800 and 1 gram gold is up by Rs 365 to Rs 14,100.

Under the 18 carat, 100 grams gold rose by Rs 29,900 to Rs 11,53,700 and 10 grams gold advanced by Rs 2,990 to Rs 1,15,370. Additionally, 8 grams gold price is up by Rs 2,392 to Rs 92,296 and 1 gram gold edged up by Rs 299 to Rs 11,537.

What Is Impacting Gold Prices In India On April 8?

According to Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), gold prices have kept rising, with the current ceasefire news from Iran and the US also contributing positively to their rise. While this is meant to ease the tension at hand, it has only strengthened investors' inclination towards holding investments that serve as havens in times of uncertainty.

He added, the geopolitical uncertainties have tended to boost the demand for gold as a hedge. Although the market mood is positive, periodic volatility is still expected. It is recommended for buyers to stagger their investments rather than make one large purchase.

Silver Rates In India:

1Kg silver price rose by Rs 10,000 to Rs 2.60 lakh and 10 grams gold silver is up by Rs 100 to Rs 2,600. The price of 100 grams silver is higher by Rs 1,000 to Rs 26,000. Additionally, 8 grams silver is up by Rs 80 to Rs 2,080 and 1 gram silver is up by Rs 10 to Rs 260.

What Is Impacting Silver Price On April 8?

In Kamboj's opinion, the price of silver has seen a rise due to positive sentiments among investors in light of the Iran-US truce agreement, in addition to continuous demand from industries. Although the reduction of tensions has helped in stabilizing markets to some degree, articles published in India indicate that silver still enjoys popularity because of its dual usage as an industrial commodity and a means of investment.

Nevertheless, the expert added, "its price tends to fluctuate more frequently compared to gold, which implies that silver is more volatile. Investors are encouraged to employ a step-by-step investment approach, utilizing periods of corrections in silver prices instead of buying when it is at a peak."

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