Indian bullion markets saw a major shift on 8 July 2025, as the prices of gold and silver dropped significantly, triggering excitement among buyers and investors. The sudden fall in 24K gold rates, in particular, has stirred the market, with many now rushing to make purchases.
Whether you’re planning to invest in gold, buy jewellery for an upcoming wedding, or simply monitor the market for your financial portfolio — this blog gives you the latest gold and silver prices, explores the reasons behind the drop, and shares key tips for buyers and investors.
🪙 Gold Price Falls – What Happened Today?
On 8 July 2025, the price of 24K gold (99.9% pure) saw a sharp decline, falling by approximately ₹300 to ₹500 per 10 grams in most Indian cities. Similarly, 22K gold also saw a price cut of around ₹250–₹400 per 10 grams.
📉 Gold Rate Today (Approximate Average):
| Purity | Price (10 grams) | Price Change |
|---|---|---|
| 24K Gold | ₹71,500 | ↓ ₹400 |
| 22K Gold | ₹65,500 | ↓ ₹350 |
| Silver (1 Kg) | ₹85,000 | ↓ ₹900 |
Note: Prices vary slightly from city to city and depend on jeweller and local taxes.
📍 City-wise Gold Rates on 8 July 2025
Here’s a look at today’s gold prices across major Indian cities for 24K and 22K gold:
| City | 24K Gold (10g) | 22K Gold (10g) |
|---|---|---|
| Delhi | ₹71,400 | ₹65,450 |
| Mumbai | ₹71,250 | ₹65,300 |
| Kolkata | ₹71,350 | ₹65,350 |
| Chennai | ₹71,600 | ₹65,600 |
| Bengaluru | ₹71,500 | ₹65,500 |
| Hyderabad | ₹71,450 | ₹65,450 |
| Ahmedabad | ₹71,300 | ₹65,300 |
| Jaipur | ₹71,400 | ₹65,400 |
Silver price today: ₹85,000 per kg (↓ ₹900 from previous day)
🔍 Why Are Gold and Silver Prices Falling?
There are multiple reasons behind the recent fall in gold and silver prices:
1. Global Economic Trends
- Weak performance of international gold futures on the COMEX (New York Mercantile Exchange)
- Profit booking by global investors after a strong run in June
- Cooling down of inflation data in the US and Europe
2. Strengthening of Indian Rupee
- A stronger rupee against the dollar makes imported gold cheaper
- Reduced import duty pressures also impacted retail pricing
3. Reduced Demand in Domestic Market
- Seasonal slowdown in gold jewellery demand post-wedding season
- Anticipation of further price cuts has delayed large purchases
4. Interest Rate Signals
- Global central banks, including the US Fed, may pause rate hikes
- Gold often loses appeal when interest-bearing assets become more attractive
🪙 What Does This Mean for Buyers and Investors?
This drop presents an excellent buying opportunity, especially for:
- Individuals looking to buy jewellery for upcoming festivals or weddings
- Long-term investors wanting to accumulate gold as a safe asset
- Retail investors considering Sovereign Gold Bonds or digital gold
However, it’s important to evaluate the market trend, as further corrections or quick rebounds are also possible.
🧠 Expert Opinion: Should You Buy Gold Now?
Market experts believe that the current price dip is short-term and cyclical. Here’s what analysts are saying:
- “The recent drop is a result of technical corrections and global trends. For long-term investors, gold still remains a hedge against inflation and currency volatility.” – Senior Analyst, Bullion Market
- “This is a buying zone for those planning for future weddings or investment. Prices may bounce back by the festive season.” – Jewellers Association Spokesperson
So if you’re planning for long-term savings or festive gifting, this might be the right time to buy.
💍 Tips Before You Buy Gold or Silver Today
Here are a few tips if you are considering buying today:
- ✅ Compare Prices Across Stores – Always check prices at multiple jewellers or online platforms.
- ✅ Insist on Hallmarked Jewellery – Ensure your gold is certified by BIS (Bureau of Indian Standards).
- ✅ Ask for Making Charges Breakdown – Jewellers may charge high making fees during price drops.
- ✅ Track the Market – Prices may fall further or rise quickly — keep an eye on trends.
- ✅ Consider Digital Options – If buying for investment, explore SGBs (Sovereign Gold Bonds) or digital gold which offer tax benefits and ease of purchase.
🎯 Festive Season Ahead: Prices May Rise
With Raksha Bandhan, Ganesh Chaturthi, and Diwali approaching in the next few months, demand for gold typically increases. This seasonal push may drive prices up again, making July 2025 a strategic time to purchase gold at lower rates.
📊 How Has Gold Performed in 2025 So Far?
Here’s a quick snapshot of how gold prices have moved this year:
| Month | 24K Gold (10g) Avg. Price |
|---|---|
| Jan 2025 | ₹60,800 |
| Mar 2025 | ₹66,200 |
| May 2025 | ₹70,000 |
| July 2025 | ₹71,500 (after drop) |
So, despite short-term drops, gold has shown an upward trend, indicating continued investor confidence in the asset.
🧾 Conclusion: Opportunity Knocks for Smart Buyers
The fall in gold and silver prices on 8 July 2025 has brought relief and opportunity for buyers who’ve been waiting on the sidelines. With 24K gold dipping below ₹72,000 in most cities, it’s a good moment to lock in your purchase — especially with the festive season around the corner.
Whether you’re buying jewellery, investing in physical or digital gold, or just curious about bullion trends, keep following daily updates. And remember, gold is not just a metal — it’s a timeless asset and a symbol of wealth in Indian households.
Act smart, buy wise, and invest when the market gives you a chance.
