Gold Rate Today – 24K Gold Jumps ₹377, Check 24K, 22K, & 18K IBJA Live Prices

Gold Rate Today: Prices of gold and silver are fluctuating daily. According to the IBJA, gold and silver prices surged today, May 7th. The price of 24-carat gold rose by ₹377, reaching ₹1.51 lakh per 10 grams. Previously, gold prices had closed at ₹150,860 per 10 grams.

Meanwhile, silver prices climbed by ₹2,318, reaching ₹2.51 lakh per kilogram. In the previous trading session, silver had closed at ₹249,067. If you are considering purchasing gold, you should check the latest rates before doing so.

What is the Price of Gold Today?
According to the Indian Bullion and Jewellers Association (IBJA), the price of 999-purity (24-carat) gold has reached ₹151,237 per 10 grams. Previously, the price of gold was recorded at ₹150,860 per 10 grams. Additionally, the rate for 995-purity (23-carat) gold has reached ₹150,631 per 10 grams; prior to this, the price stood at ₹150,256 per 10 grams.

Furthermore, the price of 916-purity (22-carat) gold has reached ₹138,533 per 10 grams, up from ₹138,188 per 10 grams. Moreover, the rate for 750-purity (18-carat) gold has reached ₹113,428 per 10 grams, while the price of 14-carat gold remains steady at ₹88,474 per 10 grams.

How ​​Much Has Gold Become More Expensive This Year?
So far in the year 2026, the price of gold has increased by ₹18,000. On December 31, 2025, the price of 10 grams of gold was recorded at ₹1.33 lakh, which has now risen to ₹1.51 lakh. Furthermore, the price of silver has increased by ₹19,000 this year. On December 31, 2025, silver was priced at ₹2.30 lakh per kilogram; it has now risen to ₹2.51 lakh per kilogram.

How to Identify Genuine Silver?

Magnet Test: Genuine silver does not stick to a magnet. If the magnet sticks, it is fake.
Ice Test: Place a piece of ice on the silver. Ice melts rapidly on genuine silver.
Smell Test: Genuine silver is odourless. Fake silver emits a smell resembling copper.