As the IC process technology scales, the oxide thickness and operating voltage continues to decrease. The gate oxide thickness in recent and future IC process technology has approached the limit when direct tunneling causes gate leakage in both on state and off state of MOSFET transistor operation modes. Also, lower operating voltage will lower the stability of SRAM cell resulting in lower value of static noise margin. In this paper, a novel read '0' static noise margin (SNM) free eight transistors (8T) SRAM cell is proposed that reduces gate leakage power in the zero state, taking into consideration the fact that in ordinary program most of the bits stored in caches are zeros for both the data and instruction streams. Compared to conventional six transistors (6T) SRAM cell, new 8T SRAM cell reduces total leakage by 50.2% in the zero state at low temperature, where gate leakage is dominant. High V T transistors in 8T SRAM cell can be used to further reduce both gate and sub threshold leakage. This new high V T 8T SRAM cell reduces total leakage by 60% in zero state at highest temperature. The 8T SRAM cell is SNM free in read operation for the case when cell stores logic '0'. Interestingly, new cell improves SNM by 2.2 times as compared to conventional 6T SRAM cell in read operation and standby mode for the case when cell stores logic '1'.