Gold rate today, 8 April 2026: Following the oil price crash after the de-escalation in the US-Iran war, the gold rate today witnessed strong buying interest across bourses. The MCX gold rate today opened with an upside gap at ₹1,53,550 per 10 gm and touched an intraday high of ₹1,53,944 per 10 gm, logging an intraday gain of nearly 2.50% during the early morning session on Wednesday.
In the international market, the COMEX gold price today opened with an upside gap and touched an intraday high of $4,886 per ounce. By 9:15 AM, the gold price in the international market was around $4,825 per ounce, up about 2% from Tuesday’s close.
Why are gold prices rising today?
Speaking on the reason for the skyrocketing gold rate today, Anuj Gupta, a SEBI-registered market expert, said the gold price today is surging due to the crash in crude oil prices. He said that the WTI crude oil price today crashed by around 15% and slipped below the psychological $100/bbl level. This has triggered profit-booking in the forex market, and people are squaring off their US dollar (US) positions, which has pulled the US dollar index back below 99.
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