On June 8, 2026, 24-karat gold is priced at ₹15,376 per gram in India, while 22-karat gold stands at ₹14,085 per gram. These rates reflect a dynamic market influenced by global factors and domestic demand, with MCX gold futures for June 2026 gaining ₹258 to reach ₹1,59,499 per 10 grams.
| Carat | Weight | Price (₹) | Change (₹) |
|---|---|---|---|
| 24K | 10 grams | ₹1,40,852 | +2008 |
| 22K | 10 grams | ₹1,15,326 | +1644 |
| 24K | 1 gram | ₹15,376 | – |
| 22K | 1 gram | ₹14,085 | – |
| 18K | 1 gram | ₹11,532 | – |
| 24K | 10gm | ₹1,53,840.00 | -1,754.00 |
| 22K | 10gm | ₹1,41,532.80 | -1,613.68 |
| 18K | 10gm | ₹1,15,380.00 | -1,315.50 |
| 24K | 1g (Chennai) | ₹15,349 | -142 |
| 22K | 1g (Chennai) | ₹14,070 | -130 |
| 18K | 1g (Chennai) | ₹11,795 | -115 |
| 24K | 1g (Bangalore) | ₹15,169 | -104 |
| 22K | 1g (Bangalore) | ₹13,905 | -95 |
| 18K | 1g (Bangalore) | ₹11,377 | -78 |
| 24K | 1g (Hyderabad) | ₹15,169 | -104 |
| 22K | 1g (Hyderabad) | ₹13,905 | -95 |
| 18K | 1g (Hyderabad) | ₹11,377 | -78 |
The gold market in India on June 8, 2026, shows varied movements across different purities and cities, with 24-karat gold in Mumbai at ₹1,49,698 per 10 grams, reflecting local demand and global cues.
Live MCX Gold Futures Price
MCX gold futures for June 2026 delivery gained ₹258, reaching ₹1,59,499 per 10 grams as of June 8, 2026. Simultaneously, MCX silver futures for July 2026 delivery rose ₹167 to ₹2,66,350 per kg.
The Multi Commodity Exchange (MCX) is India’s largest commodity exchange, holding an 84% market share in 2026.
Global Gold Price (USD/t.oz)
The global spot gold price stood at $4,334.10 per troy ounce as of June 8, 2026, 10:06 AM EDT. This reflects a slight increase from its June 7, 2026 value of $4,336.78, which saw a +0.13% change.
| Metric | Value (USD/t.oz) | Change (%) | Last Updated |
|---|---|---|---|
| Live Gold Spot Price | $4,334.10 | — | Jun 08, 2026 at 10:06 AM EDT |
| Gold Price (June 7, 2026) | 4,336.78 | +0.13% | June 7, 2026 |
| Gold Price (June 5, 2026) | 4,366.00 | — | 2026-06-05 |
| Gold price decrease (lowest since March 2026) | 4,366.00 | — | 2026-06-05 |
| Deutsche Bank forecast for gold prices (in five years) | $8,000 | — | 2026 |
| Russia’s central bank gold sold in 2026 | 21.8 tonnes (22,000 kg) | — | 2026 |
| Crude Oil price | $94.02 | — | June 8, 2026 |
| Crude oil prices (general) | near $108 per barrel | — | 2026 |
| Gold futures point value | 100 USD | — | 2026 |
| MCX silver futures for July 2026 delivery | — | -2.23% | June 8, 2026 |
| Gold futures for August 2026 delivery | — | -1.15% | June 8, 2026 |
| MCX silver futures for July 2026 | — | rose ₹753 | June 8, 2026 |
| Gold futures for August 2026 | — | gained ₹840 | June 8, 2026 |
Global gold prices are influenced by factors like the US dollar’s strength, crude oil prices, and geopolitical events, particularly in the Middle East.
City-Wise Gold Rates (24K, 10G)
Gold prices vary across Indian cities due to local taxes, logistics, and demand, even as global and MCX rates provide a baseline. As of June 8, 2026, 24K gold (10 grams) in Mumbai is ₹1,49,698, reflecting these regional differences.
| City | Price (₹ per 10 grams) | Last Updated |
|---|---|---|
| Mumbai | 1,49,698 | June 8, 2026 |
| Chennai | 1,53,490 | June 8, 2026 |
| Hyderabad | Stable prices | June 8, 2026 |
| Kanpur | Stable bullion quotes | June 8, 2026 |
| Nashik | Stable quotes | June 8, 2026 |
| Indore | Limited range | June 8, 2026 |
| Ludhiana | Limited range | June 8, 2026 |
These city-specific rates for 24K gold (10 grams) are influenced by local market dynamics and state-specific levies, causing slight deviations from national averages.
Factors Affecting Gold Prices
Several key factors influence gold prices in India, from global market dynamics to domestic economic conditions. As of June 2026, the strength of the US dollar and crude oil prices significantly impact gold’s value.
Understanding these drivers helps in anticipating price movements and making informed investment decisions.
- Global Market Fluctuations: International gold prices, often denominated in USD per troy ounce, directly affect Indian rates. Gold decreased to $4,366.00 USD/t.oz in June 2026, its lowest since March 2026.
- Strength of the US Dollar (USD): A weaker US dollar typically makes gold more affordable for holders of other currencies, increasing demand and pushing prices up. The USD to INR exchange rate stood at ₹95.50 on June 8, 2026.
- Crude Oil Prices: Elevated crude oil prices, near $94.02 per barrel as of June 8, 2026, often signal inflation concerns, driving investors towards gold as a hedge. Prolonged conflict in the Middle East has kept oil prices high.
- Interest Rates: Higher interest rates, such as the RBI’s repo rate at 5.25% as of June 5, 2026, can make fixed-income investments more attractive, potentially reducing demand for non-yielding assets like gold.
- Geopolitical Stability: Global uncertainties, like the ongoing Middle East developments in June 2026, increase gold’s appeal as a safe-haven asset, leading to price surges. Russia’s central bank sold 21.8 tonnes of gold in 2026 to fund its budget deficit.
- Inflation: Gold traditional hedge against inflation. When inflation rises, the purchasing power of currency decreases, making gold a more attractive store of value.
- Demand and Supply: Domestic demand for gold, especially during festival seasons and for jewellery, significantly influences local prices. Supply constraints, such as import restrictions, can also drive prices higher.
These interconnected factors create a complex environment for gold pricing, requiring continuous monitoring for investors.
Gold Price Historical Trends
Gold prices in India have shown significant volatility and growth over the past year. As of June 2026, 24-karat gold has increased by 60.41% over the last year, reaching ₹15,636.00 per gram on June 2, 2026, compared to ₹9,747.30 per gram on June 2, 2025.
This upward trend reflects global economic uncertainties and increased central bank gold holdings. Short-term fluctuations are also common, with a 1.99% decrease in 24-karat gold prices over the week ending June 2, 2026.
| Date | 24K Gold (Rs/10g) | 22K Gold (Rs/10g) |
|---|---|---|
| 08 Jun 2026 | ₹1,53,840 | ₹1,41,532.80 |
| 08 Jun 2026 | ₹1,49,698 | ₹13,905/gm (per gram) |
| 08 Jun 2026 | ₹1,40,852 | ₹1,15,326 |
| 08 Jun 2026 | ₹15,376 (per gram) | ₹14,085 (per gram) |
| 08 Jun 2026 | ₹15,076.8 (per gram) | ₹13,810.3 (per gram) |
| 08 Jun 2026 | ₹15438 (per gram) | ₹14145 (per gram) |
| 07 Jun 2026 | ₹14,100 (per gram) | – |
| 07 Jun 2026 | ₹14,000 (per gram) | ₹11,463 (per gram) |
| 01 Jun 2026 | ₹1,59,590 | – |
| 01 May 2026 | ₹1,50,820 | – |
The historical data shows gold’s resilience as an asset, with significant gains over longer periods despite short-term dips. Investors often view gold as a hedge against inflation and geopolitical instability.
Gold as an Investment
Gold a traditional safe-haven asset, often gaining value during economic uncertainty. As of June 2026, central banks globally are increasing gold holdings, with Deutsche Bank forecasting prices could reach $8,000 per ounce within five years. This shift is driven by geopolitical and economic instability.
- Diversification: Gold can help diversify an investment portfolio, acting as a hedge against inflation and currency depreciation. The USD to INR exchange rate was ₹95.50 on June 8, 2026.
- Inflation Hedge: Gold typically performs well during periods of high inflation, preserving purchasing power. India’s repo rate stood at 5.25% as of June 5, 2026.
- Liquidity: Gold is a highly liquid asset, easily convertible to cash through various channels like physical gold sales or exchange-traded funds (ETFs). MCX is the largest commodity exchange in India.
- Physical vs. Digital: Investors can hold physical gold (jewelry, coins, bars) or opt for digital forms like Gold ETFs, Sovereign Gold Bonds (SGBs), or gold futures. MCX gold futures for June 2026 were ₹1,59,499 per 10 grams.
- Global Demand: Global demand for gold is primarily driven by jewelry consumption, followed by investment and industrial applications. Russia’s central bank sold 21.8 tonnes of gold in 2026.
- Tax Implications: Long-term capital gains (LTCG) tax on FII investments in government securities is 12.5% from April 1, 2026. Consult a tax advisor for specific gold investment tax rules.
Gold’s role as a store of value makes IT a relevant asset for long-term financial planning in India.
Gold vs Silver Price Comparison
As of June 8, 2026, gold futures on MCX for June delivery traded at ₹1,59,499 per 10 grams, gaining ₹258. Silver futures for July 2026 delivery were priced at ₹2,66,350 per kg, rising by ₹167.
| Commodity | Today’s Rate | Change (Rs) | Purity |
|---|---|---|---|
| Gold futures (June 2026) | ₹1,59,499 per 10 grams | Gained ₹258 | 24k (999.9) |
| Silver futures (July 2026) | ₹2,66,350 per kg | Rose ₹167 | N/A |
| Gold (August 2026 futures) | ₹13,905/gm | Gained ₹840 | 22k |
| Silver (July 2026 futures) | ₹2,60,000/kg | Rose ₹753 | N/A |
| Gold 24K (Mumbai, 10g) | ₹1,49,698 | Intraday moves | 24k |
| Silver (Mumbai, 1kg) | ₹2,47,354 | Intraday moves | N/A |
Gold and silver prices are influenced by global market conditions, the strength of the US dollar, and geopolitical events in the Middle East.
Key Takeaways
- On June 8, 2026, MCX gold futures (June delivery) increased by ₹258, reaching ₹1,59,499 per 10 grams.
- MCX silver futures (July delivery) rose by ₹167, trading at ₹2,66,350 per kg on the same date.
- Global factors like US economic data and Middle East developments significantly impact both gold and silver prices in India.
Monitor live MCX rates and global market news for the most current gold and silver price movements.
Frequently Asked Questions (FAQs)
What is the gold price in Mumbai today, June 8, 2026?
As of June 8, 2026, the 24K gold price in Mumbai is ₹1,49,698 per 10 grams. This rate reflects intraday movements influenced by MCX cues and local demand. Mumbai’s rates are primarily derived from global USD gold prices and the INR exchange rate.
What factors influence gold prices in India?
Gold prices in India are influenced by demand and supply, inflation, and global market conditions. The performance of the US Dollar (USD) is a major determinant of gold prices in India. Geopolitical events, such as Middle East developments, also impact investor sentiment and gold rates.
How do MCX gold futures perform today, June 8, 2026?
On June 8, 2026, MCX gold futures for August 2026 delivery slipped by 1.15%. This decline was influenced by stronger US economic data, reinforcing expectations of prolonged high interest rates. MCX silver futures for July 2026 delivery also fell by 2.23% on the same day.
What is the global outlook for gold prices?
Deutsche Bank forecasts gold prices could reach $8,000 per ounce within five years, driven by central banks increasing their gold holdings. Central banks are diversifying reserves away from the US dollar due to economic and geopolitical uncertainty. Russia’s central bank, for example, sold 21.8 tonnes of gold in 2026 to fund its budget deficit.
What is the value of one point in Gold futures on Investing.com India?
For Gold futures traded on Investing.com India, each point is worth 100 USD. This standard valuation helps traders calculate potential gains or losses based on price movements. The platform provides live data and charts for various gold futures contracts.
How does the US Dollar affect gold prices in India?
The US Dollar significantly influences gold prices in India, acting as a key determinant for the local rates. A stronger US dollar typically makes gold more expensive for Indian buyers, while a weaker dollar can make IT more affordable. The INR-USD exchange rate, which was ₹95.50 per USD on June 8, 2026, also .
What is the 22K gold rate in India today, June 8, 2026?
As of June 8, 2026, the 22K gold rate in India is ₹13,905 per gram. This rate is a common benchmark for jewelry purchases across various cities. Daily rates are subject to change based on global market trends and local demand.
Disclaimer: This article is general information, not financial advice. Interest rates, fees, and eligibility change frequently. Verify current details with the lender or regulator (RBI / SEBI) before deciding.