Gold Silver Rate Today, 8 April 2026: City-Wise Prices Fall; MCX Gold, Silver Slip As US-Iran Tensions Ease

The article examines how a US-Iran ceasefire reduced the war premium on gold and silver, with oil declines and softer inflation shaping both international and India domestic price trends for bullion on 8 April 2026.

Gold Price Today and Silver Price Today both slide on 8 April 2026 as global tensions cool. A two-week ceasefire between the US and Iran, announced by President Donald Trump, has cut the recent "war premium" across precious metals. Oil prices dropped sharply, safe-haven demand eased, and investors shifted towards risk assets.

The pullback follows months of conflict-driven gains that had lifted bullion to record territory. With energy costs falling and inflation worries easing, traders now reassess interest rate expectations and currency moves. Analysts note that the ceasefire is brief, so any renewed tension could quickly restore safe-haven interest in gold and silver.

Gold Price Today and Silver Price Today: International bullion trends

International gold prices hold slightly above recent lows after a strong retreat from January records. Spot Gold (XAU/USD) trades near $4,705.31 per ounce, edging lower as risk appetite improves. Gold futures (GCW00) opened at $4,678.60, touched a high of $4,694.90, and slipped to a low of $4,675.60 before stabilising.

The previous close for GCW00 stood at $4,684.70, with volume around 994 contracts and open interest at 263,825. Daily movement remains modest at about +0.02%, yet gold is down roughly 15% from the early March peak above ₹1.73 lakh per 10 grams, reflecting unwinding safe-haven positions.

Gold Price Today and Silver Price Today: Domestic gold prices in India

Gold Price Today in India shows a second straight day of notable decline as geopolitical risks recede. Across most major cities, domestic gold rates have fallen by about ₹820 per 10 grams on 8 April 2026. The move mirrors the cooling "war premium" and reduced demand for protective assets among retail buyers and investors.

Standard bullion prices for 8 April 2026 now stand lower across purity levels. For 24K gold with 99.9% purity, the rate is ₹14,984 per gram or ₹1,49,840 per 10 grams. The 22K category, at 91.6% purity, quotes ₹13,735 per gram or ₹1,37,350 per 10 grams.

For those preferring lighter purity, 18K gold with 75% purity is priced at ₹11,238 per gram or ₹1,12,380 per 10 grams. These domestic figures exclude the 3% GST, and do not include making charges, which typically range between 5% and 35% depending on jewellery design, labour, and brand policies.

Gold Price Today and Silver Price Today: City-wise India gold rate snapshot

City-wise data for Gold Price Today shows broadly similar levels with minor regional variations. Delhi and Jaipur quote slightly higher 24K rates than Mumbai, while Chennai trades at a premium. The table below summarises 24K, 22K, and 18K prices per 10 grams across key Indian cities on 8 April 2026.

Recent movement in Gold Price Today also appears in the last ten days’ trend for 24K and 22K categories. Prices had climbed to over ₹15,000 per gram earlier, before succumbing to selling pressure linked to easing global tensions. The following table lists daily all-India benchmark rates per gram.

Gold Price Today and Silver Price Today: Ceasefire, oil crash, and macro drivers

The ceasefire that eased US-Iran tensions triggered a sharp oil sell-off, which fed into Gold Price Today and Silver Price Today. US crude futures fell by more than $12 per barrel, roughly 10.6%, as fears about supply disruptions faded. Cheaper energy usually tempers inflation expectations, impacting precious metal demand.

Lower fuel costs may give the US Federal Reserve more space for interest rate cuts later in 2026. Such moves, if realised, typically support gold and silver over the long term by reducing the opportunity cost of holding non-yielding assets. For now, however, the sudden unwind of the "war premium" dominates trading behaviour.

Market participants also watch central bank purchases of bullion. Ongoing buying by global central banks continues to provide structural support for gold, even as speculative positions adjust. Technical analysts flag support for gold near $4,600 per ounce, with resistance close to $4,800, marking key levels for short-term strategies.

Gold Price Today and Silver Price Today: Silver market response

Silver Price Today mirrors the cooling sentiment seen in gold, though price swings remain larger. Spot Silver (XAG/USD) currently trades within a band of about $71.83 to $73.02 per ounce. This range is well below January 2026’s record near $121, when inflation and conflict fears were far stronger.

From those highs, global silver prices have dropped roughly 20–25%, as the ceasefire reduces immediate geopolitical risk. Technical charts show nearby support around $70.00 and resistance near $75.00 per ounce. Silver’s dual role as an industrial and safe-haven metal keeps investors closely focused on both factory demand and macro headlines.

Gold Price Today and Silver Price Today: India silver prices and regional premiums

Within India, Silver Price Today has started to soften after a volatile start to April. On 8 April 2026, benchmark domestic rates stand at ₹249.90 per gram, ₹2,499 per 10 grams, and ₹2,49,900 per kilogram. Each unit is down by ₹0.10, ₹1, and ₹100 respectively, compared with the previous day.

These quoted Silver Price Today levels exclude 3% GST and omit making charges on physical items. Southern states remain costlier, with markets such as Chennai, Hyderabad, and Kerala posting a premium between ₹5,000 and ₹10,000 per kilogram versus many other metros. The table below outlines city-wise silver rates per kilogram.

Major city snapshots for Silver Price Today show identical values to the broader regional list. High-demand southern hubs like Chennai, Hyderabad, and Kerala continue to command higher quotes, reflecting cultural preferences and some industrial usage. Other metros such as Mumbai, Delhi, Kolkata, Bangalore, Pune, Ahmedabad, and Vadodara trade around the all-India benchmark of ₹2,49,900 per kilogram.

Price action over the last ten days highlights recent softening in Silver Price Today after an early-month spike. Silver opened April at ₹2,55,000 per kilogram, then slipped to ₹2,49,900 by 8 April 2026, marking an approximate 2% fall. The table below tracks the daily all-India benchmark.

Gold Price Today and Silver Price Today: Futures, outlook, and buying factors

Futures trading adds another layer to Silver Price Today analysis. On MCX, May silver contracts recently tested lows near ₹2,24,621 to ₹2,29,651 per kilogram in early trade. Some analysts think a price floor may emerge if weaker energy costs push the US Federal Reserve towards a more accommodative stance later this year.

For Gold Price Today, traders weigh similar interest rate speculation against the temporary nature of the ceasefire. Any breakdown in the two-week agreement could quickly revive safe-haven buying. At the same time, lower inflation from cheaper oil could encourage the Fed towards cuts, which would usually support gold and silver prices over time.

Industrial demand is crucial for Silver Price Today, especially from electronics and solar power sectors. Steady consumption in these segments can underpin prices even when financial investors reduce exposure. In gold, steady central bank accumulation serves a similar stabilising role, balancing out shorter-term shifts in speculative money flows.

Retail buyers tracking Gold Price Today and Silver Price Today also focus on local costs beyond headline rates. GST of 3% applies to both metals’ value at the time of purchase. Jewellery carries making charges, often between 5% and 35% for gold, and about 5% to 25% for silver items, varying by design complexity.

Many investors therefore prefer financial products linked to Gold Price Today rather than physical bars or jewellery. Options include Gold ETFs and Sovereign Gold Bonds (SGB), which remove making charges and storage concerns. Silver-focused products, where available, serve a similar role for those wanting price exposure without dealing with physical metal logistics.

Both Gold Price Today and Silver Price Today on 8 April 2026 reflect the same driver: a pause in US-Iran hostilities that has drained the "war premium" from commodity markets. With oil cheaper, inflation fears softer, and rate-cut hopes alive, prices remain sensitive to any change in diplomatic progress, central bank signals, or industrial demand trends.