Gold and silver prices continued their upward trend on May 8, 2026, in both domestic and international markets, supported by strong safe-haven demand, geopolitical tensions, and expectations of easing monetary policy conditions globally.
In India, gold prices hovered close to ₹1.53 lakh per 10 grams on the MCX, reflecting sustained buying interest despite elevated price levels. Silver also remained strong, trading near ₹2.70 lakh per kilogram, extending its recent rally driven by both investment demand and industrial usage.
According to market data, MCX gold traded around the ₹1.52–1.53 lakh range, while silver stayed close to ₹2.59–2.70 lakh levels during intraday movement, showing firm underlying momentum in bullion markets.
The rise in precious metals is being driven by multiple global factors. Ongoing geopolitical tensions, particularly involving the Middle East, have increased demand for safe-haven assets. At the same time, concerns over inflation and uncertainty around interest rate direction have strengthened investor preference for gold and silver.
Internationally, gold remained firm near multi-month highs, supported by a softer US dollar and expectations of future rate cuts, while silver outperformed due to both investment inflows and industrial demand from sectors like electronics and renewable energy.
In India, physical demand has remained steady due to seasonal buying and wedding-related purchases, although high prices are beginning to impact retail volumes in some regions. ETF inflows and central bank purchases are also providing structural support to bullion prices.