Gold, Silver Prices Today (May 5):Gold prices in India experienced a significant decline on May 5, 2026 when they fell below the important psychological boundary of ₹1.5 lakh per 10 grams. The market decline occurred because investors showed uncertainty about global market conditions while silver prices decreased together with gold prices.
The current market data shows that 24K gold is trading between ₹1,49,300 and ₹1,49,350 per 10 grams which represents a decrease from previous trading sessions. The market shows that bullion prices have dropped below the ₹1.5 lakh level which had functioned as a supporting price point in the recent past.
Gold, Silver Prices Today (May 5)
- 24K Gold: ~₹14,961 per gram (₹1.49 lakh/10g)
- 22K Gold: ~₹13,714 per gram
- 18K Gold: ~₹11,221 per gram
- Silver: Around ₹2.6–₹2.65 lakh per kg
International Gold Price
Gold prices hovered near 4,500 USD per troy ounce on 5 May 2026, after a sharp fall of almost 2% in the previous session, as per Trading Economics data. The data showed gold at 4,539.41 USD/t.oz on 5 May 2026, up 0.36% from 4,523.19 USD/t.oz a day earlier.
City-wise Gold Rates (Per 10 grams)
New Delhi
- 24K Gold: ₹1,49,000 – ₹1,49,300
- 22K Gold: ₹1,36,800 – ₹1,37,200
- 18K Gold: ₹1,12,000 – ₹1,12,400
Mumbai
- 24K Gold: ₹1,48,900 – ₹1,49,200
- 22K Gold: ₹1,36,700 – ₹1,37,100
- 18K Gold: ₹1,11,900 – ₹1,12,300
Chennai
- 24K Gold: ₹1,52,700 (₹15,273/g)
- 22K Gold: ₹1,40,000 (₹14,000/g)
- 18K Gold: ₹1,16,800 (₹11,680/g)
- 24K Gold: ₹1,48,900 – ₹1,49,200
- 22K Gold: ₹1,36,700 – ₹1,37,100
- 18K Gold: ₹1,11,900 – ₹1,12,300
Bengaluru
- 24K Gold: ₹1,49,000 – ₹1,49,300
- 22K Gold: ₹1,36,800 – ₹1,37,200
- 18K Gold: ₹1,12,000 – ₹1,12,400
Hyderabad
- 24K Gold: ₹1,49,000 – ₹1,49,300
- 22K Gold: ₹1,36,800 – ₹1,37,200
- 18K Gold: ₹1,12,000 – ₹1,12,400
Recent Trend
The precious metals market has experienced high price fluctuations during the past few days.
Gold prices dropped more than ₹1,500 during the previous MCX trading session. Silver prices fell more than ₹5,000 per kg during futures market trading
Jewellery prices have varied between different cities and brands because of changing market demand and tax regulations. The present pattern indicates that both metals are moving toward a consolidation period which does not show any definite upward movement.
Gold Rates Today (May 4, 2026): MCX Gold Declines; Check 22K, 24K & Global Prices
Will Gold Prices Rebound Today?
Short-Term Outlook
Experts predict that gold will trade within a specific range which slightly increases due to international factors that include:
- US economic data (jobs, inflation)
- Dollar index movement
- Central bank policies
“The broader outlook remains mixed, as geopolitical developments and central bank policy expectations continue to drive volatility, with commodities likely to stay range-bound in the near term,” explained Gaurav Garg, research analyst at Lemonn markets desk.
Safe-haven demand could lead to a minor market recovery yet the market will not experience significant price increases within the near future.
Medium-Term View
The current gold price decline creates a negative market sentiment but gold prices will increase through final central bank purchases and US inflation protection needs and international political conflicts and tensions.
What Should Buyers and Investors Do?
Jewellery buyers should consider this price decrease as an opportunity to purchase their desired items at lower costs when prices reach the ₹1.49 lakh level.
Investors should maintain their current position instead of making aggressive investments and should implement a systematic investment plan through gradual purchasing.
Short-term traders should prepare for market fluctuations while they monitor international developments.
