Gold Price in India Rises by Rs 2200 Per 100 Gram of 24K Today: 22K, 18K Gold Rates Go Up; Silver Rates Fall

Gold Price Today: After experiencing a massive drop in gold prices across the country last week and at the beginning of the month, today, on May 5, 2025, gold prices saw a rise. As the markets opened on Monday, gold prices gained momentum, showing slight upticks across different categories. On May 5, the price of 22-karat gold rose by Rs 20, reaching Rs 8,775 per gram, while 24-karat gold increased by Rs 22 to Rs 9,573 per gram. Meanwhile, 18-carat gold saw a rise of Rs 16, reaching Rs 7,180 per gram.

Gold Rate in India Today: Check 22K, 24K, and 18K Gold Prices on May 5, Monday

22-Karat Gold Price Today:

On May 5, 2025, the price of 22-carat gold stood at Rs 8,775 per gram, showing an increase of Rs 20 from the previous day. For 10 grams, the price is Rs 87,750, which show a gain of Rs 200 from the previous rate. Meanwhile, 100 grams of 22-carat gold cost Rs 8,77,500, reflecting a rise of Rs 2,000.

24-Karat Gold Rates Today:

For 24-Karat gold, the price on May 5, 2025, of one gram of the yellow metal is Rs 9,573 per gram, an increase of Rs 22 from the previous day. The 10-gram rate for 24-karat gold stood at Rs 95,730, which is Rs 220 higher than the previous trading rate. For those looking to purchase 100 grams, the price reached Rs 9,57,300, showing an increase of Rs 2,200.

18-Karat Gold Rates Today:

The price of 18-karat gold on May 5, 2025, is Rs 7,180 per gram on Monday, with an increase of Rs 16 from the previous rate. For 10 grams, the price is Rs 71,800, reflecting an increase of Rs 160, while 100 grams of 18-carat gold is standing at Rs 7,18,000, which is Rs 1,600 higher than the previous day.

Today's Gold Prices in Major Cities on May 5, 2025

Across major cities in India, gold prices followed the same upward trend seen nationally. On May 5, 2025, the price of 22-karat gold is Rs 8,775 per for one in cities like Chennai, Mumbai, Kolkata, Bangalore, and Hyderabad. In Delhi, the price is slightly higher at Rs 8,790 per gram. Similarly, the price of 24-karat gold in these cities was Rs 9,573 per gram, with Delhi again having the highest price at Rs 9,588 per gram. The price for 18-karat gold is Rs 7,180 per gram in most cities, except Chennai, where it was Rs 7,250 per gram.

Silver Rate Today: May 5 Silver Prices in India

Silver prices witnessed a slight drop across all weight categories today. The price for 1 gram of silver is now Rs 97, down by Rs 1 from yesterday. For 8 grams, the rate stands at Rs 776, a decline of Rs 8. The 10-gram price fell by Rs 10 to Rs 970, while 100 grams is now priced at Rs 9,700, reflecting a Rs 100 decrease. This minor correction comes after recent upward movement in silver rates.

Previous Days' Gold Price Trends : Declination in Gold Rates

On May 4, 2025, the gold rates remained unchanged, with 22-karat gold priced at Rs 8,755 and 24-karat gold at Rs 9,551. Prior to that, on May 2, gold had dipped by Rs 20 for 22-karat and Rs 22 for 24-carat gold. The sharpest drop occurred on May 1, 2025, when 22-karat gold saw a significant fall of Rs 200 and 24-karat gold decreased by Rs 218. On April 30, 2025, gold had already started its decline, with 22-karat gold losing Rs 5 and 24-carat gold dropping Rs 6.

Gold Price in India Outlook: Market Expert Insights

Jateen Trivedi, Vice President and Research Analyst for Commodity and Currency at LKP Securities said, "Gold recovers as trade uncertainties linger; short-covering supports price." He explained that gold prices had rebounded after a minor gap-up opening, with prices rising by Rs 950 on the MCX to trade at Rs 93,325.

He also mentioned that Comex gold had found crucial support near $3,200, with sentiment stabilizing due to persistent ambiguity in ongoing US-led trade talks. "The lack of clarity and shifting stances from the US on ongoing trade discussions has led market participants to unwind short positions in gold, providing fresh upside momentum," the expert said.

According to Mr. Trivedi, the uncertainty in trade negotiations had led to a fresh upside momentum in gold prices, as market participants unwound short positions. He anticipates that gold prices may trade within a broad range of Rs 92,000-Rs 94,500 in the upcoming sessions, with continued volatility in the market.

Gold MCX Rate Update on May 5, 2025

Gold prices rose in the domestic futures market on Monday, after falling last week. The rise came as the US Dollar weakened. The June 5 gold contract on the Multi Commodity Exchange (MCX) opened higher by Rs 612 at Rs 93,249 per 10 grams, up from the previous close of Rs 92,637. It later climbed to a high of Rs 93,340, dropped to a low of Rs 92,925, and was last trading at Rs 93,100, up Rs 463 or 0.50%.

Silver MCX Rate Update on May 5, 2025

Silver futures for July 4, 2025, delivery opened higher today on the MCX at Rs 94,246 per kg, gaining Rs 182 from the previous close of Rs 94,064. Prices climbed further to Rs 94,337 before dipping to a low of Rs 93,935. At last check, silver was trading at Rs 94,327, up Rs 263 or 0.28%.