Gold, and Silver Rate Today in India:Gold prices in India experienced a slight decrease on Friday after two days of price increases. Silver prices maintained their strong upward trend which reached a new high of almost Rs 2.75 lakh per kilogram in retail markets. The analysts explained that precious metals prices changed because geopolitical tensions between the United States and Iran decreased.
The latest bullion market data shows that 24K gold prices dropped approximately Rs 32 per gram to reach Rs 15,268 while 22K gold prices decreased to Rs 13,995 per gram after they had risen significantly during the previous two trading sessions.
Silver Outperforms Gold
Silver emerged as the stronger performer in the precious metals segment, with MCX silver futures climbing sharply and nearing Rs 2.75 lakh per kilogram in some retail markets. The metal has been rallying due to strong industrial demand, weakening crude oil prices, and optimism surrounding diplomatic talks between Washington and Tehran.
On the Multi Commodity Exchange (MCX), silver futures gained more than 1% during early trade, extending gains for the second straight session. International COMEX silver prices rose because market participants expected Middle East tensions to decrease which would bring stability to inflation and interest rate expectations throughout the world.
Gold and Silver Rate Today May 7: Latest MCX Rates, Global Bullion Trends and City-Wise Gold Prices
Gold, and Silver Rate Today in India
- 24K Gold: ₹15,268 per gram
- 22K Gold: ₹13,995 per gram
- Silver: Around ₹2,75,000 per kg
Mumbai
- 24K Gold: ₹15,253 per gram
- 22K Gold: ₹13,980 per gram
- Silver: Around ₹2,74,500 per kg
Chennai
- 24K Gold: ₹15,310 per gram
- 22K Gold: ₹14,035 per gram
- Silver: Around ₹2,75,000 per kg
Kolkata
- 24K Gold: ₹15,255 per gram
- 22K Gold: ₹13,982 per gram
- Silver: Around ₹2,74,700 per kg
Bengaluru
- 24K Gold: ₹15,245 per gram
- 22K Gold: ₹13,970 per gram
- Silver: Around ₹2,74,300 per kg
Hyderabad
- 24K Gold: ₹15,260 per gram
- 22K Gold: ₹13,985 per gram
- Silver: Around ₹2,74,800 per kg
Ahmedabad
- 24K Gold: ₹15,248 per gram
- 22K Gold: ₹13,975 per gram
- Silver: Around ₹2,74,200 per kg
Jaipur
- 24K Gold: ₹15,272 per gram
- 22K Gold: ₹13,998 per gram
- Silver: Around ₹2,75,100 per kg
Lucknow
- 24K Gold: ₹15,270 per gram
- 22K Gold: ₹13,996 per gram
- Silver: Around ₹2,74,900 per kg
Patna
- 24K Gold: ₹15,250 per gram
- 22K Gold: ₹13,978 per gram
- Silver: Around ₹2,74,400 per kg
What Analysts Expect Next?
According to commodity analysts gold prices will experience short-term price fluctuations because of ongoing geopolitical changes and international economic data releases.
Industrial demand and investor interest will continue to support silver prices according to market experts. Experts predict that US-Iran tensions will lead to crude oil price stability which will result in bullion market consolidation during upcoming trading sessions.
