Gold Price In India Gets Cheaper Today: 22 & 24K/100 Gms Drops Over Rs 1,000; MCX Gold Targets Rs 1,08,250

Geopolitical concerns and predictions of an interest rate cut by the Federal Reserve caused a steep decline in gold and silver prices in India on Monday, September 8. Additionally, on the global stage, gold futures remained close to $3,590 an ounce on Monday, supported by disappointing US job data.

Gold & Silver Rates In India Today

Today, September 8, 2025, saw a slight drop in gold prices in India. 24-carat gold was trading at Rs 10,838 per gram, down Rs 11 from the previous day's price of Rs 10,849. At Rs 86,704, the price of 8 grams had dropped by Rs 88, and at Rs 1,08,380, the price of 10 grams had fallen by Rs 110. In a larger quantity, the price of 100 grams of gold is Rs 10,83,800, which is Rs 1,100 less than it was yesterday at Rs 10,84,900.

Today, September 8, 2025, saw a modest drop in gold rates in India as the cost of one gram of gold dropped from Rs 9,945 to Rs 9,935 by Rs 10. Similarly, the price of 8 grams has gone down by Rs 80 from Rs 79,560 to Rs 79,480. While the price of 100 grams dropped by Rs 1,000 to Rs 9,93,500 from Rs 9,94,500 yesterday, the price of 10 grams went down by Rs 100 to Rs 99,350 from Rs 99,450.

Today, September 8, 2025, witnessed a minor decline in the price of 18-carat gold in India. The pricing per gram was Rs 8,129, down Rs 8 from yesterday's price of Rs 8,137. The drop in price was more noticeable for large quantities: 8 grams cost Rs 65,032, which was Rs 64 less than Rs 65,096, and 10 grams cost Rs 81,290, which was Rs 80 less than Rs 81,370. In a similar vein, 100 grams cost Rs 8,12,900, which was Rs 800 less than the price of Rs 8,13,700 yesterday.

MCX Gold Outlook Today

"On the technical front, MCX gold continues to be in a structural uptrend, comfortably trading above the key short-term 10- and 20-day EMAs on the daily chart with a bullish higher-high pattern. In the last trading session, it formed a bullish candlestick, suggesting a continuation of upward momentum. Immediate support lies at 106,600, while resistance is seen at 108,250. Traders can consider buying MCX gold near 106,600 for a target of 108,250, with a stop-loss at 106,500," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Fundamental Outlook Today

"Gold and silver prices are trading slightly lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day; as gold prices traded near Friday's record high, bolstered by an unexpectedly weak US employment report that saw wagers increase on the Federal Reserve cutting interest rates," commented the research analysts of Nirmal Bang Securities.

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