Gold rate today May 8: Gold price goes up by Rs 5,100 per 100 gram - check city wise rate
Gold rate per 10 gram rose by Rs 510, following which 10 gram of 22-carat gold price is Rs 44,800 and the 100 gram 22-carat gold price is Rs 4,48,000.
Gold prices once again saw an increase on Saturday, as it went up by Rs 5,100 per 100 gram, the Good Returns website showed. This comes a day after the yellow metal hit a two-month high on Friday, boosted by a weaker dollar and a pullback in Treasury yields.
On Saturday, the gold rate per 10 gram rose by Rs 510, following which 10 gram of 22-carat gold price in India is Rs 44,800 and the 100 gram 22-carat gold price is Rs 4,48,000.
On Friday, gold was priced at Rs 44,290 per 10 grams. Notably, gold has been witnessing a hike for the past few days. However, the precious metal is still down Rs 9,000 from August highs of Rs 56,200.
Gold rate in Delhi for 22-carat has remained at Rs. 45,910 and that of 24-carat gold is at Rs. 49,950 with Rs 310 hike and Rs. 210 hike on both the metals respectively.
In Chennai, the gold rate is at Rs 44,970 per ten grams of 22 carats with Rs. 470 hike and 24-carat gold are at Rs. 49,060 with Rs. 570 surge.
The gold rate in Kolkata is at Rs. 46,850 per 10 gram of 22 carats with Rs. 510 hike and the rate of ten grams of 24 carat is at Rs. 49,640 with Rs. 510 hike.
In Mumbai, the gold rates have been at Rs. 44,800 and Rs. 45,800 per ten grams of 22 carat and 24 carat with Rs. 510 hike.
The prices of gold and silver vary across the country owing to the excise duty, state taxes, and other levies. Gold prices also vary in jewellery shops.