On Thursday, 8 January 2026, gold prices in India were trading close to record territory, with 24-carat gold around ₹1.38–1.40 lakh per 10 grams and 22-carat near ₹1.26–1.28 lakh across major cities, according to leading bullion price trackers. Silver continued its sharp climb, with most metros quoting about ₹2.57 lakh per kg, and southern cities such as Chennai, Hyderabad and Kochi closer to ₹2.77 lakh per kg.
These moves come after a powerful global rally driven by safe-haven demand, geopolitical tensions and expectations of further US rate cuts later in 2026, even as profit-booking and a firmer dollar triggered minor pullbacks in international markets this week.
Key Highlights
- All-India benchmark rates on 8 January 2026 hover near ₹1.38 lakh/10g for 24k and ₹1.27 lakh/10g for 22k, with small variations across major cities, based on multiple bullion-rate trackers.
- Silver trades around ₹2.57 lakh/kg in Delhi, Mumbai, Kolkata and most north/central cities, but is closer to ₹2.77 lakh/kg in Chennai, Hyderabad and Kochi, reflecting regional premiums.
- Global gold prices have eased slightly from recent record highs above $4,500/oz as traders book profits and the dollar steadies, though analysts still see strong central-bank demand and safe-haven interest supporting elevated levels.
Main Report
All-India reference rates today
Bullion portal Goodreturns, which compiles rates from reputed jewellers and broadly tracks trends in IBJA benchmark prices, pegs India-wide gold rates on 8 January 2026 at about ₹13,826 per gram for 24k and ₹12,674 per gram for 22k, implying ₹1,38,260 and ₹1,26,740 per 10 grams respectively (before GST and making charges).
Other benchmarks show broadly similar levels:
- Policy-focused rate tables for early January show 24k ranging between ₹1.36–1.40 lakh/10g and 22k between ₹1.24–1.28 lakh/10g, depending on the day.
- Tech and finance portals list all-India 24k gold around ₹1,36,000–1,37,000/10g and 22k around ₹1,25,000–1,26,000/10g for 8 January, in line with other spot estimates.
- On the futures side, MCX gold is hovering near ₹1,38,000 per 10g, confirming that domestic prices remain near record levels.
The small differences across platforms come from timing (morning vs afternoon updates), whether freight and local premiums are included, and whether the rate is derived from MCX futures, IBJA benchmark quotes or local dealer pools.
City-wise gold price today (22k & 24k, per 10g)
Based on city-specific gold-rate pages for 8 January 2026, here are indicative 24-carat and 22-carat prices per 10 grams in key Indian metros. These are reference bullion rates only and do not include GST, TCS, making charges or jeweller margins.
| City | 24k gold (per 10g) | 22k gold (per 10g) |
|---|---|---|
| Delhi | ₹1,39,640 | ₹1,28,010 |
| Mumbai | ₹1,38,260 | ₹1,26,740 |
| Chennai | ₹1,39,630 | ₹1,27,990 |
| Kolkata | ₹1,38,260 | ₹1,26,740 |
| Bengaluru | ₹1,38,260 | ₹1,26,740 |
| Hyderabad | ₹1,38,260 | ₹1,26,740 |
| Ahmedabad | ₹1,39,540 | ₹1,27,910 |
| Pune | ₹1,38,260 | ₹1,26,740 |
| Jaipur | ₹1,39,640 | ₹1,28,010 |
| Lucknow | ₹1,39,640 | ₹1,28,010 |
| Kochi | ₹1,38,260 | ₹1,26,740 |
| Patna | ₹1,39,540 | ₹1,27,910 |
Source: City rate pages from Goodreturns and other bullion-rate aggregators for 8 January 2026; rates are indicative and may differ from quotes offered by individual jewellers in your area.
Silver price today in major Indian cities
Silver has seen even sharper moves than gold in recent sessions. City-wise silver-rate pages show the following 10g and 1kg prices for 8 January 2026:
| City | Silver (per 10g) | Silver (per 1kg) |
|---|---|---|
| Delhi | ₹2,571 | ₹2,57,100 |
| Mumbai | ₹2,571 | ₹2,57,100 |
| Chennai | ₹2,771 | ₹2,77,100 |
| Kolkata | ₹2,571 | ₹2,57,100 |
| Bengaluru | ~₹2,571 | ~₹2,57,100 |
| Hyderabad | ₹2,771 | ₹2,77,100 |
| Ahmedabad | ~₹2,571 | ~₹2,57,100 |
| Pune | ₹2,571 | ₹2,57,100 |
| Jaipur | ₹2,571 | ₹2,57,100 |
| Lucknow | ₹2,571 | ₹2,57,100 |
| Kochi | ₹2,771 | ₹2,77,100 |
| Patna | ₹2,571 | ₹2,57,100 |
In parallel, MCX silver futures are quoted near ₹2.5–2.6 lakh per kg, while some other trackers and west-Delhi retail averages place spot silver between ₹2.6–2.75 lakh/kg, underlining that final consumer quotes can be slightly higher than pure bullion benchmarks.
How prices have moved this week
Ten-day history on Delhi and Jaipur pages shows gold gaining roughly ₹400–450 per gram since 31 December 2025, a rise of around 3–4% in just over a week.
Domestic moves mirror global action. Internationally, spot gold recently hit fresh all-time highs above $4,500 per ounce before easing on profit-taking and a slightly stronger US dollar. Indian and global media reports link the surge to:
- Heightened geopolitical tensions, which boosted safe-haven demand and pushed domestic spot prices above ₹1.38 lakh per 10g earlier this week.
- Expectations that the US Federal Reserve will deliver at least two rate cuts in 2026, reducing the opportunity cost of holding gold.
- Continued central-bank buying, with some research suggesting official gold holdings are now rivalling or even surpassing foreign holdings of US Treasuries.
Even after the latest minor correction, many global houses still see scope for elevated or higher gold prices into late 2026, though other analysts caution that valuations already look stretched and retail demand may cool if prices stay this high.
Why rates differ between cities
For Indian buyers, the headline benchmark rate is only the starting point. Final prices you see at showrooms vary because of:
- Local taxes and octroi: Historically higher in some cities, though GST has standardised much of this.
- Freight and insurance for moving bullion to smaller centres.
- Making charges and design premiums on jewellery, which can easily add 5–25% depending on brand and craftsmanship.
- Retail margins and discount schemes, especially around weddings and festivals.
This is why most online rate tables are always marked as “indicative” and advise contacting a local jeweller for an exact quote on a given ornament or coin.
Official Statements
There are no new formal government notifications on gold import duty or GST as of 8 January 2026; the current customs duty and GST structure continues to apply. However, industry and market bodies have issued several relevant updates:
- The India Bullion and Jewellers Association (IBJA) continues to publish benchmark opening and closing rates that most large jewellers and portals use as their reference for daily pricing.
- Live derivatives quotes from MCX, as collated by bullion platforms, show gold futures near ₹1.38 lakh/10g and silver around ₹2.5 lakh/kg on 8 January, underscoring that underlying wholesale markets remain firm.
- In the international market, analysts quoted by major agencies say the latest dip in gold is largely due to profit-booking after a record-breaking rally and modest dollar strength, rather than any collapse in safe-haven interest.
- Research in global financial media points to a structural shift where central banks are holding more gold relative to US Treasuries, as a hedge against geopolitical and currency risk.
For Indian retail buyers, the most “official” daily reference remains the combination of IBJA benchmark rates and local jewellers’ live quotes, rather than any single website.
Why This Matters
1. Jewellery & wedding budgets
With 22k gold hovering around ₹1.26–1.28 lakh per 10g in most metros, even a simple 20-gram ornament can cost well over ₹3 lakh once GST and making charges are added. That makes advance budgeting, comparison-shopping between jewellers and re-using family jewellery more important than ever for wedding purchases.
2. Investment choices: physical vs paper gold
At these levels, many financial planners suggest small investors consider Sovereign Gold Bonds (SGBs), gold ETFs or mutual funds – which track gold prices without making charges or purity worries – instead of only physical jewellery, especially when the primary aim is investment rather than adornment. This is in line with general investor-education material from regulators and market intermediaries, which stresses diversification and the use of regulated products such as SGBs, ETFs and mutual funds for pure investment exposure.
3. Silver’s role as a more affordable metal
Silver at ₹2.57–2.77 lakh/kg is also at historically high rupee levels, but remains far cheaper per gram than gold. For many small savers, silver coins or bars can be a lower-ticket way of gaining precious-metal exposure, though price volatility is usually higher than for gold.
4. Macro & rupee impact
India is one of the world’s largest gold importers. Sustained high prices increase the rupee value of imports, potentially affecting the current account and making policymakers more sensitive to sudden surges in demand. Past communications from the government and RBI have repeatedly flagged the need to moderate unproductive gold imports and develop alternative savings channels.
FAQs
A: As of the morning of 8 January 2026, indicative bullion rates show 24k gold in Delhi at about ₹1,39,640 per 10 grams and 22k at about ₹1,28,010 per 10 grams, excluding GST and making charges.
A: Indicative rates are ₹1,38,260 (24k) and ₹1,26,740 (22k) per 10g in Mumbai, and about ₹1,39,630 (24k) and ₹1,27,990 (22k) per 10g in Chennai.
A: On 8 January, silver is around ₹2,571 per 10g (₹2,57,100/kg) in Delhi, Mumbai and most northern cities, and ₹2,771 per 10g (₹2,77,100/kg) in Chennai, Hyderabad and Kochi, based on leading bullion-rate portals.
A: No. Online rate tables are bullion reference prices only. Final retail prices on jewellery or coins will be higher because of GST, TCS (where applicable), making charges and jeweller margins. Always confirm the full invoice price with your local jeweller before buying.
Transparency & Ethics
Researched with AI assistance; fact-checked and edited by Kitto News editors.
Disclaimer: This article is for informational purposes only and does not constitute investment, financial or tax advice. Precious-metal prices are volatile and can change intraday. Readers should verify rates with local jewellers or official channels and, where necessary, consult a qualified financial adviser before making investment decisions.
Disclaimer: Rates, forecasts and market commentary cited here are based on publicly available data and analyst views as of 8 January 2026 and may change as new information emerges.
