Gold Price Today: Demand for gold remained subdued during Akshaya Tritiya, one of India’s major festivals. However, a slight uptick was observed in investment-related demand. Compared to the previous Akshaya Tritiya, gold prices recorded this time are approximately 63% higher. In this era of high inflation, purchasing gold is not an easy feat for everyone. The rise in gold prices has put the brakes on jewellery purchases. According to a report by the Indian Bullion and Jewellers Association (IBJA), the rate for 24-carat gold closed at ₹151,655 per 10 grams on Friday.
Key Takeaways
Quick Read- On the Multi-Commodity Exchange of India opening: Silver fell by ~₹4,000 Opened: ₹253,453/kg
- Fell to: ₹253,198/kg
- Gold dropped by ~₹1,600 Opened: ₹153,158/10g
- Fell to: ₹153,000/10g
MCX Silver Rate
Immediately upon the market opening on the MCX, silver witnessed a decline of nearly ₹4,000, while gold became cheaper by ₹1,600. Silver contracts for May 5th delivery closed at ₹257,142 per kilogram in the previous session. Today, it opened at ₹253,453 and, during early trading, fell to ₹253,198—marking a decline of ₹3,944.
Silver Price Today – Silver Drops by ₹5,000 on MCX
MCX Market Movement
- On the Multi-Commodity Exchange of India opening:
- Silver fell by ~₹4,000
- Opened: ₹253,453/kg
- Fell to: ₹253,198/kg
- Gold dropped by ~₹1,600
- Opened: ₹153,158/10g
- Fell to: ₹153,000/10g
- Silver fell by ~₹4,000
Bullion Market Rates
- 24K Gold: ₹155,770 (↓ ₹10)
- Silver: ₹274,900/kg (↓ ₹100)
City-wise Gold Prices (24K per 10g)
- Delhi: ₹155,440
- Mumbai: ₹155,290
- Kolkata: ₹155,290
- Chennai: ₹156,650 (highest among listed cities)
- Lucknow: ₹155,290
- Kanpur: ₹155,290
- Patna: ₹155,820
- Jaipur: ₹155,920
MCX Gold Rate
Gold prices also declined during early trading hours. Gold contracts for June 5th delivery closed at ₹154,609 per 10 grams in the previous session. Today, it opened at ₹153,158 and, during early trading, dropped to ₹153,000.00—registering a decline of ₹1,591.
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Gold and Silver Prices in the Bullion Market?
Prices of gold and silver in the bullion market have declined marginally. 24-carat gold is currently trading at ₹155,770, reflecting a minor dip of ₹10. Silver is trading at ₹274,900 per kilogram, down ₹100.
Gold Prices in Delhi
24K Gold – ₹155,440 per 10 grams
22K Gold – ₹142,500 per 10 grams
18K Gold – ₹116,620 per 10 grams
Gold Prices in Mumbai
24K Gold – ₹155,290 per 10 grams
22K Gold – ₹142,350 per 10 grams
18K Gold – ₹116,470 per 10 grams
Gold Prices in Kolkata
24K Gold – ₹155,290 per 10 grams
22K Gold – ₹142,350 per 10 grams
18K Gold – ₹116,470 per 10 grams
Gold Prices in Chennai
24K Gold – ₹156,650 per 10 grams
22K Gold – ₹143,590 per 10 grams
18K Gold – ₹119,790 per 10 grams
Gold Prices in Lucknow
24K Gold – ₹155,290 per 10 grams
22K Gold – ₹142,940 per 10 grams
18K Gold – ₹116,980 per 10 grams
Gold Prices in Kanpur
24K Gold – ₹155,290 per 10 grams
22K Gold – ₹142,940 per 10 grams
18K Gold – ₹116,980 per 10 grams
Gold Prices in Patna
24K Gold – ₹155,820 per 10 grams
22K Gold – ₹142,840 per 10 grams
18K Gold – ₹116,880 per 10 grams
Gold Prices in Jaipur
24K Gold – ₹155,920 per 10 grams
22K Gold – ₹142,940 per 10 grams
18K Gold – ₹116,980 per 10 grams
