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Gold Price Jumps In India, Feb 8: 22K/10 Grams Gold Price Rises 2.58% In 8-Days

Gold Prices Jump In India, Feb 8: 22K/10 Grams Yellow Metal Rallied 2.58% In 8-Days

Gold prices in India continued their upward momentum as soaring trade strains between US and China boosted safe-haven demand. 24k gold price in India today stood at Rs 86,670/10 grams after surge of Rs 160 and 100 grams of 24k yellow metal prices rose by Rs 1600 to Rs 8,66,700 on Saturday. Gold prices remained flat in the country on February 7, 2025. Meanwhile, 22k gold prices witnessed surge by Rs 150 to Rs 79,450/10 grams and 100 grams of 22 carat precious metal prices zoomed by Rs 1500 to Rs 7,94,500. It is worth mentioning here that 22k/10 grams gold witnessed rally of 2.58% from February 1 to February 8, 2025.

On the other hand, 18k gold price spiked by Rs 130 to Rs 65,010/10 grams and 100 grams of 18k yellow metal firmed by Rs 1300 to Rs 6,50,100. 1 gram gold prices for 22k gained by Rs 15 to Rs 7,945, 1 gram yellow metal price for 24k soared by Rs 16 to Rs 8667, and 1 gram precious metal prices for 18k edged up by Rs 13 to Rs 6501 on Saturday, as per Goodreturns.in.

Gold Prices Jump In India, Feb 8: 22K/10 Grams Yellow Metal Rallied 2.58% In 8-Days

How Much Yellow Metal Prices Surged From Feb 1 To Feb 8?

Gold prices have been soaring steeply all across the globe. In India, 22k gold prices on February 1, 2025 stood at Rs 77,450/10 grams and today the prices rallied to Rs 79,450/10 grams, indicating a jump of 2.58%.

According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, “gold traded positive as Comex gold moved higher to $2,866, while MCX gold gained Rs 200, trading at Rs 84,650. Market participants remain focused on the upcoming U.S. Non-Farm Payroll, which will provide key insights into the economic outlook and the Federal Reserve’s future policy stance. The range for gold is expected to be between Rs 84,200 and Rs 85,000 in the near term.”

Spot Gold Prices Today

Spot gold surged 0.2% to $2,861.46 per ounce as of 01:41 p.m. ET (1841 GMT), up over 2% this week, after touching a record high of $2,886.62 earlier in the session. Spot silver declined 0.8% to $31.94 per ounce and platinum slipped 0.3% to $982.50. Palladium fell 0.7% at $971.62, according to Reuters.

The Reuters report added, “central focus of the gold market continues to be the uncertainty in regard to the Trump tariff policies,” said David Meger, director of metals trading at High Ridge Futures.

22k Gold Price Movement In Last 5-Days In India (for 1 gram)

1 gram of 22k gold price in India today zoomed by Rs 15, stayed flat on February 7, soared by Rs 25 on February 6, jumped by Rs 95 on January 5, and firmed by Rs 105 on January 4.

Silver Prices Today In India

Silver price in India stood flat today for third day in a row. 1 kg silver prices in India on February 8, 2025 are retailing at Rs 99,500. On the other hand, 100 grams silver is selling for Rs 9,950.

1kg Silver Price Movement In India In Last 5-Days

1 kg silver prices in India remained flat from February 6 to February 8, rose by Rs 1000 on February 6, rallied by Rs 1000 on February 5, and slipped by Rs 1000 on February 4.

1 Gram Gold Rate In Key Metro Cities And States Of India On Feb 8, 2025

City22k Gold Price Per Gram
Chennai Gold Price Today 22 carat gold rate is Rs 7,945
Mumbai Gold Price Today22K gold price is Rs 7,945
Delhi Gold Rate Today22K yellow metal price is Rs 7,960
Kolkata Gold Price Today22 carat gold price is Rs 7,945
Bangalore Gold Price Today22K gold rate is Rs 7,945
Hyderabad Gold Prices Today22 carat gold rate is Rs 7,945
Kerala Gold Prices Today22 carat gold rate is Rs 7,945
Gold Price In Lucknow Today22 carat gold price is Rs 7,960
Patna Gold Rate Today 22k precious metal price is Rs 7,950

(Gold price figures source: Goodreturns.in)

Disclaimer

The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.

Recommended: Gold Price Steadies In India, Feb 7: Are Gold Rates Likely To Hit New High?

 

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