Gold and Silver Rates Today (April 8, 2025): Yellow metal futures cross Rs 87,550, silver past Rs 89,000; check out city-wise spot rate list

Gold and Silver Rate Today (April 8, 2025): Domestic gold and silver futures continued to shine on Tuesday with their appeal boosted by the previous day's riot on Dalal Street that left investors poorer by Rs 14 lakh crore. On MCX, gold futures (June 5) gained by as much as Rs 648, or 0.7 per cent, to Rs 87,576 while silver futures (May 5) rose by Rs 840, or 1.0 per cent, to Rs 89,088 within the first hour of trade.

At 9:45 am, the near-month gold and silver contracts held on firmly to the green, trading at Rs 87,435 and Rs 89,007, respectively.

Analysts expect gold and silver rates to continue to be volatile this week tracking moves in the dollar index amid the ongoing global trade war. Typically, financial uncertainty supports precious metals as investors move away from equities to safer bets.

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The dollar index, which gauges the greenback against six currencies other than the rupee, was down 0.3 per cent at 102.9 at the last count. Weakness in the US dollar boosts the appeal of yellow metal for those dealing in other currencies.

Prithvi Finmart director Manoj Kumar Jain suggests traders wait for some stability to return in the markets before initiating fresh positions.

Gold & Silver Rates | Where to expect support and resistance?

In the international market, gold could hold its key support level of $3,040 per troy ounce for the week but silver could lower towards $31.20 per troy ounce, according to Jain. He has identified the following key levels in the global benchmarks of both precious metals.

• Gold Support: $3088-3044
• Gold Resistance: $3145-3177
• Silver Support: $31.40-30.88
• Silver Resistance: $32.40-33.00

He has highlighted the following levels on MCX:

• Gold Support: Rs 89,360-88,800
• Gold Resistance: Rs 90,700-91,200
• Silver Support: Rs 93,150-91,800
• Silver Resistance: Rs 95,200-96,600

Here are the latest indicative rates in the following cities:

Gold Prices in Major Indian Cities (24K - Per 10 Grams)

• Delhi: Rs 95,796
• Chennai: Rs 93,317
• Kolkata: Rs 93,317
• Bengaluru: Rs 93,317
• Mumbai: Rs 90,961

Gold Prices in Major Indian Cities (22K - Per 10 Grams)

• Delhi: Rs 87,813
• Chennai: Rs 85,540
• Kolkata: Rs 85,540
• Bengaluru: Rs 85,540
• Mumbai: Rs 83,381

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