New Delhi, Aug. 8 -- Gold and silver prices in your city on August 8: Yellow metal prices surged in the domestic futures market on Friday (August 8) morning, following US President Donald Trump's tariffs, which boosted gold's safe-haven demand. In addition to the tariff threat, the weakness of the dollar supported gold rates.

On Friday, August 8 MCX Gold October 3 contracts climbed 0.58 per cent at Rs.1,02,056 per 10 grams, while MCX Silver September 5 contracts were up 0.51 per cent at Rs.1,14,870 per kg around 9.26 am today.

Regarding returns, gold prices have soared by an impressive 1,200 per cent, climbing from Rs.7,638 in 2005 to over Rs.1,00,000 in 2025 (up to June). Over the past 20 years, they have provided positive returns in 1...