Gold and Silver Price Today in India
Today, Monday, May 4, 2026, gold and silver prices in India have remained largely Live and unchanged after a minor rally over the weekend. The Latest 24-carat (24K) gold price is holding steady at ₹1,50,930 per 10 grams, while 22-carat (22K) gold is trading at ₹1,38,350. This Big period of stability comes amid unfolding state election results and a cautious international market. Despite the Live MCX (Multi Commodity Exchange) seeing a slight intraday dip of about 0.31% (trading near ₹1,50,880), physical retail prices across major Indian cities remain flat for the second consecutive session.
Quick Highlights: The Latest Big Bullion Rates
- Gold 24K (99.9%): ₹1,50,930 per 10 grams (Stable Today).
- Gold 22K (91.6%): ₹1,38,350 per 10 grams (Stable Today).
- Gold 18K (75.0%): ₹1,13,200 per 10 grams (Stable Today).
- Silver (99.9%): ₹2,65,000 per kilogram (Stable Today).
- Live MCX Gold: Trading near ₹1,50,882 (Slightly down from previous close).
City-Wise Gold & Silver Rates (Live: May 4, 2026)
| City | Gold 24K (per 10g) | Gold 22K (per 10g) | Silver (per 1 kg) |
| New Delhi | ₹1,51,130 | ₹1,38,500 | ₹2,65,000 |
| Mumbai | ₹1,50,930 | ₹1,38,350 | ₹2,65,000 |
| Chennai | ₹1,52,730 | ₹1,40,000 | ₹2,75,000 |
| Bangalore | ₹1,50,930 | ₹1,38,350 | ₹2,70,000 |
| Kolkata | ₹1,50,930 | ₹1,38,350 | ₹2,65,000 |
| Hyderabad | ₹1,50,930 | ₹1,38,350 | ₹2,65,000 |
Why It Happened: The Big Global & Economic Triggers
The Latest horizontal trend in precious metals is driven by three Big drivers dominating the Live session Today:
- Geopolitical Standoff: The Big news remains President Trump’s plan for escorting shipping vessels through the Strait of Hormuz. While this adds a Latest layer of “Safe Haven” demand, a revised peace proposal from Iran has kept gold from a Live explosive breakout.
- Dollar Strength & Oil Spike: Today, the Live market is grappling with Brent crude hitting $107+. High oil prices stoke inflation fears, which usually support gold, but a strong US dollar is currently capping those Big gains, keeping the Latest rates range-bound.
- Election Result Calm: Domestically, the Live focus is on the Assembly Election results in West Bengal, Tamil Nadu, and Kerala. Retail buyers are adopting a Big “Wait and Watch” approach, leading to Latest flat demand in the physical jewelry market.
Market Context & Latest Trends
The Live sentiment for gold is Big and resilient despite high interest rates. While the Latest gold rates are nearly 12% lower than their all-time peaks seen earlier this year, the metal has shown a Big 0.37% recovery in early May. Technically, the Live support for gold on the MCX sits at ₹1,49,500, while silver faces a Big hurdle at ₹2,68,000.
What It Means for Investors
The Latest stability proves Why gold remains a Big portfolio stabilizer. The Big news for silver investors is that the “Industrial White Metal” is finding a Live floor at ₹2.65 Lakh, making it a Latest attractive play for those betting on green energy demand. For those tracking the Live price, the Big event to watch will be the US Federal Reserve’s Latest commentary later this week.
Frequently Asked Questions (FAQ)
1. Why are gold and silver prices stable Today?
Prices are flat Today due to a Big tug-of-war between high crude oil prices and a strong US dollar, alongside Latest local market caution during election counting.
2. What is the Big news about the gold price per gram?
The Latest price for 1 gram of 24K gold in India is ₹15,093, showing no change from the Live rates recorded on Sunday.
3. Is silver a Big buy Today at ₹2.65 Lakh?
Analysts suggest that while the Latest price is high, silver is range-bound. Investors are advised to buy in Big staggered amounts given the Live volatility in industrial demand.
4. When will the Latest gold rates change?
Domestic rates usually update Live twice daily based on the opening and closing of international spot markets and the Latest USD-INR exchange rate.
Conclusion
Today, gold and silver have demonstrated Why they are the Big anchors of the commodity market. The Latest price stability and Live geopolitical news prove that the market is waiting for a Big new catalyst. As the Latest global trends emerge this evening, bullion remains a Big focus for investors seeking Live safety in 2026.
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