Gold and Silver Prices in India: This week was a bit like a seesaw for precious metals. Gold went down, but silver moved up. By May 2, 24-carat gold had fallen from ₹1,53,070 per 10 grams at the start of the week to ₹1,51,810. Silver went the other way. It rose from ₹2,46,110 per kg on April 26 to ₹2,51,170 by May 2.
At one point on April 29, gold even slipped below ₹1.50 lakh per 10 grams. After that, it climbed a little again, but the week still ended with gold lower overall. Silver, meanwhile, kept gaining shine and added ₹5,060 in the week.
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Why the Prices kept Changing?
Analysts said the back-and-forth came from global market signals and changing demand for gold and silver. The world market kept sending mixed signals, and that made the prices jump around. Reuters also reported that precious metals have been reacting strongly to global pressure and investor moves in 2026.
Where the Prices stand now?
Fresh market updates on May 2 show gold still hovering around the ₹1.51 lakh mark per 10 grams and silver staying near the ₹2.51 lakh per kg level in India. Different sites show small city-to-city changes, but the broad trend is the same. Gold is softer for the week, while silver has clearly moved up.
Price of 1 gm of Gold in Different Cities
Chennai
24 carat: Rs 15,185
22 carat: Rs 13,919
18 carat: Rs 11,609
Mumbai
24 carat: Rs 15,037
22 carat: Rs 13,784
18 carat: Rs 11,278
Delhi
24 carat: Rs 15,042
22 carat: Rs 13,799
18 carat: Rs 11,283
Kolkata
24 carat: Rs 15,037
22 carat: Rs 13,784
18 carat: Rs 11,278
Bangalore
24 carat: Rs 15,037
22 carat: Rs 13,784
18 carat: Rs 11,278
Hyderabad
24 carat: Rs 15,037
22 carat: 13,784
18 carat: Rs 11,278
Kerala
24 carat: Rs 15,037
22 carat: Rs 13,784
18 carat: Rs 11,278
Pune
24 carat: Rs 15,037
22 carat: Rs 13,784
18 carat: Rs 11,278
Vadodara
24 carat: Rs 15,042
22 carat: Rs 13,789
18 carat: Rs 11,283
Ahmedabad
24 carat: Rs 15,042
22 carat: Rs 13,789
18 carat: Rs 11,283
(Source – Good Returns)
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Price of 1 kg of silver in different cities
Chennai: Rs 2,64,900
Mumbai: Rs 2,55,100
Delhi: Rs 2,55,100
Kolkata: Rs 2,55,100
Bangalore: Rs 2,55,100
Hyderabad: Rs 2,64,900
Kerala: Rs 2,64,900
Pune: Rs 2,55,100
Vadodara: Rs 2,55,100
Ahmedabad: Rs 2,55,100
(Source – Good Returns)
At the start of 2026, gold and silver prices climbed to levels never seen before in India. Around late January, gold touched its highest point ever, reaching close to ₹1.80 lakh for 10 grams on the MCX.
Silver also made a big jump during the same time. It crossed the ₹4,00,000 per kg mark on the MCX, which was a record high for the metal. Silver prices even went above ₹4,07,000 per kg at one point.
