Gold Prices Soar by ₹2,500 in India: Check City-Wise Rates Today

Gold prices saw a sharp jump of ₹2,500 on Tuesday, May 6, driven by escalating geopolitical tensions and a stronger rupee. As the yellow metal continues to glitter amid global uncertainties, investors and buyers are closely watching every move.

Gold Prices Jump as Markets React to Global Developments

On Tuesday morning, gold prices rose significantly across the country. In Mumbai, 22-carat gold was priced at ₹90,250 per 10 grams, while 24-carat gold stood at ₹98,460 per 10 grams.

The surge comes amidst rising India-Pakistan tensions and global recession fears, pushing safe-haven demand for gold even higher.

Silver Dips Below ₹1 Lakh Mark

While gold shone bright, silver saw a slight decline. The price of silver dropped by ₹100, trading at ₹96,900 per kilogram in Mumbai. On the MCX, silver recorded a gain of 2.26%, reaching ₹96,562 per kg.

Gold Hits New Heights on MCX

On the Multi Commodity Exchange (MCX), gold was up by 1.47% and trading at ₹96,038 per 10 grams. This comes after weeks of steady gains that recently pushed gold prices past the ₹1 lakh mark.

Why 22K and 24K Gold Remain Popular Choices

• 24-carat gold: Valued for its high purity and ideal for investment.
• 22-carat gold: Popular for jewellery due to its strength and traditional appeal.

City-Wise Gold Prices in India (May 6, 2025)

City 22K Gold (10g) 24K Gold (10g)

Delhi	₹90,300	₹95,880
Jaipur	₹90,300	₹98,880
Ahmedabad	₹90,400	₹98,610
Patna	₹90,400	₹98,610
Mumbai	₹90,250	₹98,460
Hyderabad	₹90,250	₹98,460
Chennai	₹90,250	₹98,460
Bengaluru	₹90,250	₹98,460
Kolkata	₹90,250	₹98,460

What Drives Gold Prices in India ?

Several key factors influence daily gold rates:

• Global market trends
• Import duties and local taxes
• Currency exchange rates

Gold in India isn’t just an asset - it’s a tradition. From weddings to festivals, it holds cultural and emotional significance, making it a timeless choice for both celebrations and investments.

With ongoing market volatility, staying informed about gold and silver rates is more important than ever. Whether you're buying for a special occasion or as a strategic investment, keeping an eye on trends ensures you're always one step ahead.