Gold Rates & Silver Rates Today, 8-7-2026 LIVE: Precious Metals Crash Deepens! MCX Gold Down Rs 1,100, Silver Price Falls Rs 2,500; Know 24K, 22K, 18K Gold Prices On Wednesday

Gold rates and silver rates in India dropped again on July 8th due to renewed fear in inflationary pressure after US and Iran launched fresh airstrikes against each other. Also, dollar rallied above 101.12, dampening sentiments in bullion. MCX gold slipped below Rs 1.45 lakh per 10 grams, while MCX silver is trading below Rs 2.30 lakh per 1Kg mark in the opening bell of Wednesday. Spot gold and spot silver are volatile as well.

Overnight, US military launched new air strikes on Iran after the latter attacked ships transiting through Strait of Hormuz. This pushed crude oil prices soaring higher by 3%. US WTI Crude Oil is up by 3% to trade above $72 and Brent Crude neared $76 per barrel with nearly 2.5% upside.

Following new US-Iran tensions and a sharp surge in crude oil prices, the inflationary pressure fear is back on the back. Accordingly, Spot gold traded volatile to around $4,120 per ounce and spot silver stayed near $60 per ounce. The movement in precious metals have been mild. MCX gold and silver price could follow the trend or see yet another decline.

Also, US dollar soared above 101.12, adding further woes to gold and silver.

The latest escalation threatened the interim US-Iran peace deal to end the war and pushed oil prices higher, stoking inflation fears and raising prospects for interest rate hikes. Meanwhile, investors awaited the minutes of the Federal Reserve's June meeting for additional clues on the policy outlook after the central bank adopted a more hawkish tone at its June policy meeting. Markets are currently pricing in around a 50% chance of a Fed rate increase in September, up from about 46% a day prior. Elsewhere, data on Tuesday showed the US trade deficit widened to $77.6 billion in May, the largest since March 2025, as per Trading Economics.

LIVE Feed

Jul 08, 2026, 2:03 pm IST

Live Silver Rates Today: Spot Silver Struggles

Spot silver plunged by 0.7% to trade around $59.5 per ounce. As per Trading Economics, investors awaited the minutes of the Federal Reserve’s June meeting for further clues on the policy outlook. Silver had recently rebounded after softer-than-expected US jobs data prompted markets to scale back expectations for near-term Fed rate increases, though the renewed Middle East tensions kept the outlook uncertain.

Jul 08, 2026, 2:03 pm IST

Live Gold Rates Today: Spot Gold Falls Below $4,100

Spot gold traded lower by 0.4% to around $4,088 per ounce. As per Trading Economics, the renewed escalation threatened the interim US-Iran peace deal and drove oil prices higher, stoking inflation fears and raising prospects for interest rate hikes. The US also revoked a waiver allowing Iran to sell crude on global markets, while the latest hostilities discouraged shipowners and regional producers from using Hormuz, raising the risk of renewed disruptions to global energy supplies.

Jul 08, 2026, 2:01 pm IST

Live Silver Rates Today: Silver Prices Unchanged In India

Gram	Today	Yesterday
1 Gram	₹245	₹245
8 Gram	₹1,960	₹1,960
10 Gram	₹2,450	₹2,450
100 Gram	₹24,500	₹24,500
1000 Gram (1 kg)	₹2,45,000	₹2,45,000

Unlike physical gold rates and despite decline in MCX silver, physical silver prices were unchanged on July 8. 1Kg silver price is unchanged at Rs 2.45 lakh, while 100 grams and 10 grams silver is flat at Rs 24,500 and Rs 2,450. Also, 8 grams silver is at Rs 1,960 and 1 gram silver is priced at Rs 245.

Jul 08, 2026, 1:58 pm IST

Live Gold Silver Rates Today: MCX Gold Crashes Rs 1,100, Silver Price Drops Rs 2,400

MCX gold price crashed by nearly Rs 1,100 or 0.8% to trade around Rs 1,44,293 per 10 grams, in the afternoon session. While MCX silver extended the fall with over Rs 2,400 or 1.04% decline to trade around Rs 2,28,450 per 1Kg.

Jul 08, 2026, 10:48 am IST

Live Gold Rates Today: Chennai Gold Rates Crash By Rs 40,400 In 3 Days

Gram	24K Gold	22K Gold	18K Gold
1 Gram	₹14,542 (-76)	₹13,330 (-70)	₹11,150 (-50)
8 Gram	₹1,16,336 (-608)	₹1,06,640 (-560)	₹89,200 (-400)
10 Gram	₹1,45,420 (-760)	₹1,33,300 (-700)	₹1,11,500 (-500)
100 Gram	₹14,54,200 (-7,600)	₹13,33,000 (-7,000)	₹11,15,000 (-5,000)

Gold has plunged by Rs 40,400 per 100 grams and dropped by Rs 4,040 in 10 grams of 24 carat in Chennai from July 6th to 8th. This is steeper decline than compared to gold rates in Hyderabad. However, gold is stil expensive in Chennai compared to cities like Mumbai, Pune, Hyderabad, Kolkata, Delhi, Ahmedabad, Kerala and Kolkata despite the latest drop. Check latest gold rates in Chennai on July 8, 2026.

Jul 08, 2026, 10:46 am IST

Live Gold Rates Today: 18 Carat Gold Prices Nosedive In India

Gram	18K Gold Price
1 Gram	₹10,837 (-57)
8 Gram	₹86,696 (-456)
10 Gram	₹1,08,370 (-570)
100 Gram	₹10,83,700 (-5,700)

18 carat gold rates plummeted by Rs 5,700 to Rs 10,83,700 per 100 grams, tumbled by Rs 570 to Rs 1,08,370 per 10 grams, dipped by Rs 456 to Rs 86,696 per 8 grams and is lower by Rs 57 to Rs 10,837 per 1 gram.

Jul 08, 2026, 10:45 am IST

Live Gold Rates Today: 22 Carat Gold Prices Fall Deeply In India

Gram	22K Gold Price
1 Gram	₹13,245 (-70)
8 Gram	₹1,05,960 (-560)
10 Gram	₹1,32,450 (-700)
100 Gram	₹13,24,500 (-7,000)

In case of 22 carat, gold nosedived by Rs 7,000 to Rs 13,24,500 per 100 grams, plunged by Rs 700 to Rs 1,32,450 per 10 grams, declined by Rs 560 to Rs 1,05,960 per 8 grams and down by Rs 70 to Rs 13,245 per 1 gram.

Jul 08, 2026, 10:44 am IST

Live Gold Rates Today: 24 Carat Gold Prices Crash In India

Gram	24K Gold Price
1 Gram	₹14,449 (-77)
8 Gram	₹1,15,592 (-616)
10 Gram	₹1,44,490 (-770)
100 Gram	₹14,44,900 (-7,700)

24 carat gold price tumbled by Rs 7,700 to Rs 14,44,900 per 100 grams, slipped by Rs 770 to Rs 1,44,490 in 10 grams, declined by Rs 616 to Rs 1,15,592 per 8 grams and is down by Rs 77 to Rs 14,449 per 1 gram.

Jul 08, 2026, 9:30 am IST

Live Gold Rates Today: MCX Gold Erases Rs 1.45 Lakh Mark

The rate hike probability has increased to 50% from earlier 46% after US and Iran carried airstrikes against each other, which added fresh buying momentum in crude oil prices and dollar. Hence, MCX gold started Wednesday on a bearish note, by erasing Rs 1.45 lakh mark.

Jul 08, 2026, 9:26 am IST

Live Silver Rates Today: MCX Silver Falls Below Rs 2.30 Lakh

MCX silver price dropped by nearly Rs 1000 or 0.5% to hit an intraday low of Rs 2,29,703 per 1Kg. Currently, silver is under pressure and trading near its day's low due to renewed geopolitical risks.

Jul 08, 2026, 9:04 am IST

Live Gold Silver Rates Today: How FOMC Minutes Will Impact MCX Gold & Silver Today?

Gold prices extended their weakness, with MCX Gold falling nearly ₹1,550 to ₹1,45,300, down around 1%, tracking losses in the international market. COMEX Gold slipped 0.75% to around $4,130, as a stronger risk appetite and rupee appreciation weighed on domestic bullion prices. The rupee strengthened by nearly 0.50% to 94.95, after Saudi Arabia reduced August crude oil prices for Asian buyers, easing concerns over India's import bill and adding pressure on MCX Gold. Market participants will now closely watch this week's Federal Reserve meeting minutes for further clues on the US interest rate outlook and the dollar's direction. Technically, Gold is expected to trade in the ₹1,44,250–1,46,250 range in the near term: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Jul 08, 2026, 8:17 am IST

Live Gold Silver Rates Today: Concerns On Global Oil Supplies At Hormuzh Heightens

Iran condemned the US actions as a violation of the June ceasefire understanding and warned of consequences. The renewed conflict has heightened concerns over potential disruptions to global oil supplies through the Strait of Hormuz, contributing to higher crude oil prices.