Gold prices in India have once again moved upward, grabbing the attention of investors and buyers alike. On the morning of January 8, gold rates showed a clear upward trend across major cities including Delhi, Mumbai, Chennai, Kolkata, Pune, and Bengaluru. Along with gold, silver prices have also gained momentum, reflecting strong demand in the precious metals market.

Market experts believe that global economic uncertainty, geopolitical tensions, and fluctuations in the US dollar are pushing investors towards safe-haven assets like gold. As a result, domestic prices are witnessing steady gains.

Gold Rates in Delhi Today

In the national capital Delhi, 24-carat gold is trading at ₹1,39,640 per 10 grams, while 22-carat gold is priced at ₹1,28,010 per 10 grams. The continuous rise in prices over the past few sessions has made gold purchases slightly expensive for consumers.

Jewellers say that wedding season demand is also contributing to the price rise, as families prefer buying gold ornaments during this period.

Latest Gold Prices in Mumbai, Chennai and Kolkata

In financial hub Mumbai, as well as Chennai and Kolkata, gold prices are aligned at similar levels. Here, 24-carat gold is available at ₹1,38,260 per 10 grams, while 22-carat gold is priced at ₹1,26,740 per 10 grams. These cities usually reflect the broader national trend, and the current rise indicates strong buying interest.

Gold Rates in Pune and Bengaluru

Pune and Bengaluru, known for their growing urban population and purchasing power, are also seeing higher gold prices. In both cities, 24-carat gold is trading at ₹1,38,260 per 10 grams, and 22-carat gold is priced at ₹1,26,740 per 10 grams.

Prices in Other Major Cities

In Ahmedabad and Bhopal, 24-carat gold is priced at ₹1,39,540 per 10 grams, while 22-carat gold is at ₹1,27,910 per 10 grams. Jaipur, Lucknow, and Chandigarh are witnessing rates similar to Delhi, with 24-carat gold at ₹1,39,640 and 22-carat gold at ₹1,28,010 per 10 grams. Hyderabad continues to follow Mumbai’s pricing pattern.

Silver Prices Also Gain Strength

Along with gold, silver prices have also increased. Rising industrial demand and renewed investor interest are supporting silver rates. Analysts suggest that silver may remain volatile in the coming days, influenced by global economic data and industrial usage trends.

Impact of International Markets

Globally, spot gold is trading near $4,392.94 per ounce, reflecting strong international demand. Concerns over inflation, interest rate policies in the US, and global economic stability are encouraging investors to park their money in gold. This global momentum is directly influencing Indian bullion markets.

What Should Investors and Buyers Do?

For investors, experts recommend a phased investment approach instead of bulk buying at current levels. This helps average out costs in case of future corrections. For those planning to buy gold for weddings, festivals, or gifting, it is advisable to fix a budget and keep track of daily price movements.

Tips to Keep in Mind While Buying Gold

• Always buy hallmarked gold

• Ask for a proper bill and invoice

• Check making charges and applicable taxes

• Compare prices across cities and jewellers

Overall, gold and silver prices have shown an upward trend on January 8, reflecting strong global and domestic factors. With market conditions remaining uncertain, precious metals may continue to attract investor interest. Buyers are advised to stay updated and make informed decisions.