Gold Fluctuates Amid Uncertain Global Cues
Experts believe that overall, geopolitical tensions and inflation fears continue to drive safe-haven buying globally
May 8, 2025, 14:11 IST
Udaipur, May 8, 2025 –Yesterday, May 7, gold in Jaipur once again crossed the Rs 1 lakh mark after a gap of 15 days. Pure gold rose by Rs 800 to reach Rs 1,00,100 per 10 grams, while jewellery-grade gold was priced at Rs 93,200 per 10 grams.
Earlier, on April 22, gold had crossed the Rs 1 lakh mark and reached a record level of Rs 1,01,800 per 10 grams. In the earlier two days alone, gold has become costlier by Rs 3,900 per 10 grams. Meanwhile, silver closed at Rs 98,700 per kilogram.
However, gold prices in India opened lower today, May 8, on the back of US Fed’s concerns on increasing inflation and employment challenges even though the price on international markets showed a significant upward trend. The MCX gold index was at Rs 97,250/10 gm while MCX silver prices were at Rs 96,039/kg.
Market experts say that overall, the demand for gold as a safe-haven investment is rising owing to uncertainty in global financial markets, fears of rising inflation worldwide, and the current geopolitical tensions. As a result, gold in the international market is holding steady at $3,400 per ounce.
Source: Media Reports
To join us on Facebook Click Here and Subscribe to UdaipurTimes Broadcast channels on GoogleNews | Telegram | Signal
Tags
