Gold Rate Today, August 8: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities

Today's gold prices in India show a rise for various caratages, including 24K, 22K, and 18K. As of August 8, 2026, the price per gram for 24K gold sits at Rs 15,235, a jump of Rs 109 from the previous day's rate. Similarly, the prices for 22K and 18K gold have climbed to Rs 13,965 and Rs 11,426 per gram, respectively, marking increases of Rs 100 and Rs 82 over the prior day's values.

Despite a brief dip in gold and silver prices amid global market uncertainty, tensions in the Middle East continue to influence the precious metal's value. The potential reopening of the Strait of Hormuz and the establishment of a mutual defense pact among Saudi Arabia, Türkiye, and Pakistan have sparked discussions in Washington, with analysts expecting a resolution to these issues soon.

Meanwhile, Iranian President Masoud Pezeshkian has emphasized that Iran remains non-confrontational but will not yield to pressure or intimidation.

The recent steep increase in global crude oil prices, surpassing the $100 per barrel threshold for the first time since May, underscores the volatility in international energy supplies. Factors contributing to this surge include escalating military conflicts in West Asia and attacks on merchant shipping lanes. These developments have prompted investors to turn to gold as a dependable safeguard against global instability.

Local gold markets in major Indian cities, such as Chennai, Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Pune, Vadodara, Ahmedabad, and others, are experiencing fluctuations in price based on world spot rates, official import taxes, and fluctuations in foreign exchange rates. These daily market movements underscore the sensitive nature of gold investments in response to global economic and geopolitical uncertainties.