India gold prices hit Rs 15,235 per gram on Aug 8, 2026

Gold prices in India continued a significant upward trajectory on August 8, 2026, with 24-carat gold reaching Rs 15,235 per gram in major hubs like Mumbai, Delhi, and Hyderabad, reflecting a daily increase of approximately Rs 109. Prices for 22-carat and 18-carat gold similarly climbed, settling at Rs 13,965 and Rs 11,426 per gram respectively in many cities. This marks the third consecutive day of gains for the precious metal, which has climbed to a seven-week high in domestic markets.

The rally is being driven by a confluence of international and domestic factors. Firm global cues have been a primary driver, with spot gold trading strongly in international markets. A weaker Indian rupee against the U.S. dollar and supportive trends in overseas bullion prices have also lent upward pressure to local rates. Market analysts note that gold's appeal as a safe-haven asset has been enhanced by a softer U.S. dollar and easing U.S. Treasury yields.

Geopolitical tensions in West Asia are a critical factor underpinning the global uncertainty fueling gold's rise. While a U.S.-brokered 60-day ceasefire between the United States and Iran in mid-June 2026 initially cooled tensions, the...