KKN Gurugram Desk | If you’re planning to purchase gold or silver for a wedding, festival, or investment, it’s important to stay updated with the latest bullion rates. As of Thursday, May 8, 2025, both gold and silver prices in India have shown a slight uptick, pushing gold rates close to ₹99,000 per 10 grams and silver prices beyond ₹99,000 per kilogram in multiple cities.

Let’s take a comprehensive look at today’s gold and silver prices across major Indian cities, purity classifications, and hallmarking standards to help you make an informed decision.

 Gold Prices in India on May 8, 2025

According to the latest data from leading bullion markets, here’s how 18K, 22K, and 24K gold prices are trending today:

 18-Carat Gold Price (per 10 grams)

• Delhi: ₹74,390

• Mumbai & Kolkata: ₹74,260

• Indore & Bhopal: ₹74,300

• Chennai: ₹74,540

22-Carat Gold Price (per 10 grams)

• Delhi, Jaipur, Lucknow: ₹90,910

• Indore & Bhopal: ₹90,810

• Mumbai, Hyderabad, Kerala, Kolkata: ₹90,760

24-Carat Gold Price (per 10 grams)

• Delhi, Jaipur, Lucknow, Chandigarh: ₹99,160

• Indore & Bhopal: ₹99,060

• Mumbai, Hyderabad, Bengaluru, Kerala: ₹99,010

• Chennai: ₹99,010

Silver Price in India on May 8, 2025

Silver continues to remain volatile but strong, with rates exceeding ₹99,000 per kilogram in many regions and even touching ₹1,11,000/kg in southern India.

Silver Price (per 1 kg)

• Delhi, Mumbai, Jaipur, Kolkata, Ahmedabad, Lucknow: ₹99,000

• Bhopal & Indore: ₹99,000

• Chennai, Madurai, Hyderabad, Kerala: ₹1,11,000

How to Check Gold Purity: Understanding Hallmarking

Before buying gold jewelry or coins, it’s crucial to understand the purity standards defined by the Bureau of Indian Standards (BIS). The gold sold in India is marked using hallmark numbers, which confirm the purity level.

 Important Points:

• 24K Gold is considered purest (99.9%), but it is too soft for making jewelry. It is mostly used for coins and bars.

• 22K Gold is commonly used for ornaments and jewelry, containing 91.6% pure gold mixed with metals like copper, silver, or zinc.

• Always look for a BIS hallmark, which is mandatory for most certified gold products sold in India.

 What’s Driving the Price Surge?

Gold and silver prices are influenced by multiple factors, including:

• Global market trends

• Dollar-Rupee exchange rate

• Demand from retail and wedding seasons

• Geopolitical tensions (e.g., Middle East, Ukraine, trade wars)

• Central bank policies, especially US Fed interest rate decisions

With ongoing geopolitical uncertainty and rising inflation concerns, investor interest in precious metals has surged again, pushing up both gold and silver rates in the domestic market.

Should You Buy Gold or Silver Now?

Experts advise that gold remains a safe haven asset, especially in times of market volatility. Meanwhile, silver is increasingly gaining attention not just for jewelry but also for industrial use, particularly in solar energy and electronics, making it an attractive long-term investment.

Buying Tips:

• Compare prices across reputed jewellers and online bullion platforms.

• Verify purity and BIS hallmark before purchase.

• For investment, consider Sovereign Gold Bonds (SGBs) or Digital Gold as alternatives.

• For jewelry, account for making charges, GST, and buyback terms.

 Why Rates Vary by City

Gold and silver rates vary city-wise due to:

• Local demand and supply

• Transportation and logistics costs

• State-level taxes and duties

• Proximity to trading hubs

For example, southern cities like Chennai, Madurai, and Hyderabad often show slightly higher silver rates due to transportation surcharges or import-related logistics.

 Historical Trend: Comparing Gold Prices in May 2024 vs May 2025

This year-on-year surge reflects the strong rally in precious metal prices, with gold up by nearly 8–10% and silver by 25–30% in just one year.

 Demand Outlook Ahead

With the wedding season, Akshaya Tritiya, and festive months (Raksha Bandhan, Dussehra, Diwali) approaching, demand is expected to remain robust. Analysts expect gold prices could cross ₹1,00,000 per 10g and silver could stabilize above ₹1,05,000/kg if current trends continue.

The bullion market remains vibrant in May 2025, with gold nearing record highs and silver exceeding expectations in several cities. Whether you are a buyer, investor, or seller, staying updated with the daily gold and silver prices is essential to make well-informed financial decisions.

With global uncertainties persisting and domestic demand soaring, both gold and silver continue to prove their value—not just as commodities, but as instruments of financial security.