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Gold Price Falls Today: Gold price on Friday experienced a fall of over Rs 1000 despite rising India-Pakistan tensions.
Gold Price Today: Yellow metal falls over Rs 1000 on Friday.
Gold Price Today, May 09: Gold prices saw a weak demand on Friday, May 09, after multiple geopolitical events including the conclusion of UK-USA trade deal and China’s optimism to secure a trade deal with the US.
In Mumbai, gold price fell to Rs 90,150 per 10 gram for 22-carat with a drop of Rs 1,150 and stood Rs 98,350 per 10 gram for 24-carat.
On MCX, gold futures with June 05 expiry was trading at Rs 96,325 per 10 gram with a gain of 0.16 per cent. Silver future with 04 July expiry, on the other hand, was down to 0.24 per cent to Rs 96,284 per kg.
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 09, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 90,300 | Rs 98,500 |
| Jaipur | Rs 90,300 | Rs 98,500 |
| Ahmedabad | Rs 90,200 | Rs 98,400 |
| Patna | Rs 90,200 | Rs 98,400 |
| Mumbai | Rs 90,150 | Rs 98,350 |
| Hyderabad | Rs 90,150 | Rs 98,350 |
| Chennai | Rs 90,150 | Rs 98,350 |
| Bengaluru | Rs 90,150 | Rs 98,350 |
| Kolkata | Rs 90,150 | Rs 98,350 |
Silver Price In India Today (May 09, 2025)
The price of silver experienced a flat trade at Rs 99,000 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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