Gold Prices Drop: Check Gold and Silver Rates in Your City Today, May 8, 2025

Spot Gold rose on Thursday following the Federal Reserve’s warning about increasing inflation, after the central bank decided to keep interest rates unchanged on Wednesday. As of 00:44 NY Time, spot gold was up 0.23% at $3,393.66 per ounce. 

However, in India, gold rates dropped. Aa of 10:20 AM (IST) in Chennai, 24-carat gold is priced at ₹9,738 per gram, while 22-carat gold costs ₹8,927 per gram. In Hyderabad, the price of 22-carat gold is ₹89,146 per 10 grams, while 24-carat gold is trading at ₹97,250 per 10 grams. 

On the other hand, silver prices in India saw a rise of around 0.48%.  

Gold Prices Across Major Indian Cities on May 8, 2025 

Today, the gold price in India dropped around 0.11%. Here is a detailed breakdown of gold prices as of May 8, 2025. 

Silver Prices Across Major Indian Cities on May 8, 2025 

Here are the latest silver (Silver 999 Fine) rates per kilogram in major Indian cities as of today. 

 Also Read: Is Your Gold Real or Fake? Learn to Identify Gold Scams! 

Conclusion 

Gold prices have dropped in domestic markets, while silver saw an increase. Investors and buyers should stay updated with the latest trends and consider multiple factors, including global market movements and local demand, before making any purchasing decisions.  

Since precious metal prices fluctuate frequently, checking real-time rates can help in making informed choices. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.