August 8, 2026 at 05:01 AM 2 min readmarketsFinancial InsightAI Insights
Gold Prices Rise on Geopolitical Tensions; Silver Remains Steady
Gold 24K climbed ₹246 to ₹15240 per gram on August 8, 2026, while silver held at ₹250000 per kilogram.
Market Overview:
As of August 8, 2026, gold prices in India recorded a gain, with 24-carat gold at Jos Alukkas rising by ₹246 (+1.64%) to ₹15240 per gram. The 22-carat and 18-carat variants were priced at ₹13965 and ₹11426 per gram, respectively. In contrast, silver prices remained unchanged at ₹250 per gram, or ₹250000 per kilogram, according to GoodReturns data.
Global Drivers:
The rally in gold is supported by safe-haven demand amid US-Iran hostilities and a weakening US Dollar Index, which fell 0.33% to 99.60. Additionally, US 10-year Treasury yields eased to 4.65%, reducing the opportunity cost for non-yielding assets. Market sentiment is further influenced by a 56.1% probability of the Federal Reserve holding rates steady in September following a weak July jobs report.
Domestic Outlook:
Despite a 6% volume decline in Q2 gold consumption, total spending value reached ₹1.98 lakh crore. Retailers are currently restocking for the upcoming festive season. Silver's price stability is underpinned by consistent industrial demand, particularly from the photovoltaic sector, which provides a fundamental floor for the metal despite broader market volatility.
Pulse Intelligence
Context & ImpactContext & Background
- Central banks have averaged 1,000 tonnes of gold accumulation annually over the past four years.
- India's Q2 2026 gold jewelry demand accounted for 27% of the global market.
Key Consequences
- Retailers are increasing inventory levels in anticipation of the late-August festive season.
- Sustained industrial photovoltaic usage continues to provide a price floor for silver.
Market & Economic Impact
Gold prices rallied 1.64% on safe-haven buying, while silver held flat due to consistent industrial demand.
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