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Gold and Silver Prices In India Today, May 7: Latest prices of yellow metal in Delhi, Chennai, Kolkata, Mumbai.
In Mumbai, the price of gold stood at Rs 90,750 per 10 gram for 22-carat and Rs 99,000 per 10 gram for 24-carat.
Gold Price Today In India: Gold prices remained flat on Wednesday despite an escalation in India-Pakistan tensions after Indian missiles struck terror infrastructure in Pakistan and Pakistan-occupied Kashmir (PoK) on late Tuesday night. In Mumbai, the price of gold stood at Rs 90,750 per 10 gram for 22-carat and Rs 99,000 per 10 gram for 24-carat.
Silver prices also declined by 100 to Rs 96,800 per kg.
On the MCX, gold was trading lower by 0.84 per cent to trade Rs 96,669 per 10 gram in the morning, followed by Silver with a loss of 0.24 per cent or Rs 96,467 per kg.
“Gold and silver posted a sharp recovery for the second straight session, where both precious metals surging more than 2.5 per cent on Tuesday. But, today morning (Wednesday), international gold prices dipped below $3,380/oz following reports of upcoming US-China trade talks, which eased safe-haven demand,” said Rahul Kalantri, vice-president (commodities) of Mehta Equities.
Recently, gold prices hit the Rs 1 lakh mark after increasing for the past few weeks amid global economic uncertainties and US recession fears.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Here’s a detailed breakdown of gold prices across key cities (May 07, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 90,410 | Rs 98,620 |
| Jaipur | Rs 90,410 | Rs 98,620 |
| Ahmedabad | Rs 90,310 | Rs 98,520 |
| Patna | Rs 90,310 | Rs 98,520 |
| Mumbai | Rs 90,750 | Rs 99,000 |
| Hyderabad | Rs 90,750 | Rs 99,000 |
| Chennai | Rs 90,750 | Rs 99,000 |
| Bengaluru | Rs 90,750 | Rs 99,000 |
| Kolkata | Rs 90,750 | Rs 99,000 |
Silver Price In India Today (May 05, 2025)
The price of silver experienced a fall of Rs 100 to trade at Rs 96,800 per kg in Mumbai, according to goodreturns.in.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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