Gold Rate Update: After Brief Rise, Gold and Silver Prices Slip Again Across Indian Cities

Gold Price Today (8 November 2025): Gold Prices Fall After a Day’s Gain, Silver Also Declines

After witnessing a short-lived rise yesterday, gold prices in India have once again dipped across major cities. On Saturday, November 8, 2025, both gold and silver saw slight declines in their trading rates due to weak global cues and a slowdown in domestic demand after the festive season.

In the national capital, 24-carat gold is now priced at ₹1,22,160 per 10 grams, while 22-carat gold stands at ₹1,11,990 per 10 grams. Similar trends are being observed across other metropolitan cities, with minor price variations.

City-Wise Gold Rates on November 8, 2025 City 22-Carat (₹/10g) 24-Carat (₹/10g)

Delhi	1,11,990	1,22,160
Mumbai	1,11,840	1,22,010
Ahmedabad	1,11,890	1,22,060
Chennai	1,11,840	1,22,010
Kolkata	1,11,840	1,22,010
Hyderabad	1,11,840	1,22,010
Jaipur	1,11,990	1,22,160
Bhopal	1,11,890	1,22,060
Lucknow	1,11,990	1,22,160
Chandigarh	1,11,990	1,22,160

In Pune and Bengaluru, the rate of 24-carat gold stands at ₹1,22,010 per 10 grams, while 22-carat gold trades around ₹1,11,840 per 10 grams.

Overall, gold prices have fallen by ₹150–₹200 per 10 grams compared to Friday’s closing rates. The drop comes after global spot prices softened amid concerns about slower central bank purchases and profit-booking by investors following the recent rally.

Gold Price in Global Market

On the international front, spot gold prices have slipped to $3,996.93 per ounce, reflecting a mild correction after touching recent highs earlier this week.
However, leading financial institutions remain optimistic about gold’s long-term outlook.

• Goldman Sachs predicts gold could touch $4,900 per ounce by December 2026.

• ANZ Bank expects gold to reach around $4,600 per ounce by mid-2026, citing persistent inflationary pressures.

• DSP Merrill Lynch also believes that gold’s upward trend is not yet over, emphasizing that central banks and long-term investors continue to view gold as a safe-haven asset.

Analysts note that global uncertainties, including geopolitical tensions and fluctuating bond yields, are likely to keep precious metals in focus for investors seeking portfolio stability.

Silver Prices Also Fall

Like gold, silver prices have also dropped today. As of November 8, silver is trading at ₹1,52,400 per kilogram in major cities, down by about ₹200 compared to Friday’s rate.
In the international market, silver’s spot price stands at $48.48 per ounce, showing a slight decline following a brief rally earlier this week.

The dip in silver prices is largely attributed to softening industrial demand and profit booking by traders. However, with growing use of silver in electronics, solar panels, and clean energy technologies, experts expect strong long-term demand to support prices in the coming months.

Why Gold and Silver Prices Are Falling

According to market analysts, the current decline in gold and silver prices can be attributed to several factors:

Global market correction after a strong rally earlier this week.

Reduced buying momentum post-Diwali as retail and jewelry demand stabilizes.

Profit booking by investors amid global market fluctuations.

Stronger U.S. dollar and bond yields, which often pressure precious metal prices.

Despite the short-term correction, gold and silver continue to remain attractive investment options for long-term wealth preservation, especially amid economic uncertainty and inflationary trends.

The Bottom Line

On November 8, 2025, gold prices across India saw a minor decline after briefly gaining a day earlier.

• 24-carat gold is priced around ₹1,22,000 per 10 grams,

• 22-carat gold averages near ₹1,11,900 per 10 grams,

• Silver trades at approximately ₹1,52,400 per kilogram.

While prices may fluctuate in the short term, experts remain confident about the bullish long-term outlook for both metals, supported by strong investment demand, global uncertainties, and expanding industrial applications.