Current Gold and Silver Prices in Major Indian Cities: June 8 Update

On June 8, 2025, gold and silver prices exhibited notable trends across major Indian cities, including Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, and Kolkata. The gold price opened at ₹97,051 per 10 grams on the Multi Commodity Exchange (MCX), while silver was quoted at ₹1,05,525 per kilogram. This pricing reflects fluctuations influenced by various economic factors, including weak U.S. economic data and ongoing geopolitical tensions.

According to Prathamesh Mallya, Deputy Vice President of Research for Non-Agricultural Commodities and Currencies at Angel One, "The yellow metal continues to be a favored investment due to the prevailing uncertainty stemming from the Russia-Ukraine conflict and the trade tensions between the U.S. and China." Jigar Trivedi, Senior Research Analyst at Reliance Securities, emphasized that investors are closely monitoring developments involving significant figures such as U.S. President Donald Trump and technology entrepreneur Elon Musk, which may further influence market trends.

Historical data underscores gold's resilience as a safe-haven asset. It has recorded a 30% increase in price over the past year, with a compounded annual growth rate (CAGR) of 15% since 2001, and has consistently outpaced inflation by 2-4% since 1995, as noted by experts. These statistics highlight gold's enduring appeal in volatile markets, particularly during periods characterized by economic uncertainty.

In terms of specific city prices, Mumbai reported gold bullion rates at ₹96,970 per 10 grams, while New Delhi's rates were slightly lower at ₹96,800. Prices varied across the country, with Hyderabad noting ₹97,130 and Chennai at ₹97,260 per 10 grams. The differences reflect regional market dynamics, including demand and supply factors, as well as local taxes and making charges that jewelers may apply.

The Indian Bullion Association (IBA) reported that 22-carat gold is priced at ₹89,054 per 10 grams. Silver rates also varied, with Mumbai's silver bullion priced at ₹1,05,710 per kilogram and Bengaluru's at ₹1,05,800. Experts advise that retail customers should be aware of additional costs that can come from making charges and Goods and Services Tax (GST), which may raise the final purchase price.

As the market evolves, investors are encouraged to remain cautious and informed. The current geopolitical landscape, alongside economic indicators, will likely shape future price movements in the gold and silver markets.

For further details, the following are the gold and silver prices across major Indian cities on June 8:

- **Mumbai:** Gold bullion: ₹96,970/10 gm; MCX Gold: ₹97,051/10 gm; Silver: ₹1,05,710/kg - **New Delhi:** Gold bullion: ₹96,800/10 gm; MCX Gold: ₹97,051/10 gm; Silver: ₹1,05,520/kg - **Kolkata:** Gold bullion: ₹96,850/10 gm; MCX Gold: ₹97,051/10 gm; Silver: ₹1,05,570/kg - **Hyderabad:** Gold bullion: ₹97,130/10 gm; MCX Gold: ₹97,051/10 gm; Silver: ₹1,05,880/kg - **Chennai:** Gold bullion: ₹97,260/10 gm; MCX Gold: ₹97,051/10 gm; Silver: ₹1,06,020/kg - **Bengaluru:** Gold bullion: ₹97,050/10 gm; MCX Gold: ₹97,051/10 gm; Silver: ₹1,05,800/kg

Investors are advised to consult with certified financial experts before making any investment decisions in the gold and silver markets. This ensures they are well-informed and aligned with their financial goals amidst the current market volatility.