Key Points
- Gold prices in India surged on May 6, 2025, with 24-carat gold nearing ₹98,610 per 10 grams in major cities.
- The price jump follows global economic uncertainties and investor demand, despite a recent dip in the stock market.
- Silver prices saw a minor decline, settling at ₹96,900 per kg in most cities.
- This marks a strong recovery for gold after last week’s correction, with rates still just below April’s record highs.
- Price movements are influenced by global market cues, US Fed policy expectations, and currency fluctuations.
New Delhi: Gold investors in India saw a windfall on Tuesday, May 6, 2025, as the price of 24-carat gold surged close to the ₹1 lakh milestone, trading at ₹98,610 per 10 grams in major metropolitan markets including Delhi, Mumbai, Chennai, and Bangalore. This sharp rise comes after a robust rally that began earlier in the week, with gold gaining ₹2,730 per 10 grams in a single day.
City-Wise Gold Rates (6 May 2025)
| City | 24K Gold (per 10g) | 22K Gold (per 10g) |
|---|---|---|
| Delhi, Jaipur | ₹98,610 | ₹90,400 |
| Mumbai, Kolkata | ₹98,460 | ₹90,250 |
| Chennai | ₹98,460 | ₹90,250 |
| Bangalore | ₹98,460 | ₹90,250 |
| Hyderabad | ₹98,460 | ₹90,250 |
Silver Prices: Minor Dip, Remain Near ₹97,000/kg
Silver prices slipped slightly by ₹100 per kg, now trading at ₹96,900 per kg in most cities like Delhi, Mumbai, and Kolkata. However, southern cities such as Chennai and Hyderabad reported higher rates, with silver reaching ₹1,07,900 per kg due to local demand.
Why Are Gold and Silver Prices Rising?
The surge in gold prices is attributed to global market volatility, investor preference for safe-haven assets, and anticipation of US Federal Reserve policy decisions. Recent US tariff announcements and expectations of interest rate cuts have further fueled the rally. Meanwhile, the Indian stock market saw losses, prompting more investors to turn to precious metals for stability.
Gold and Silver Price Trends
- Gold: After a correction last week, gold rebounded strongly, with current prices just shy of April’s all-time highs when 24K gold briefly crossed ₹1 lakh per 10 grams.
- Silver: Despite today’s minor dip, silver remains near its monthly highs, with notable regional price differences.
