In the beginning of May, mixed signals are being seen from the bullion market. While there has been a slight decline in the prices of gold, silver has shown a strong rise today. If you are planning to invest or buy jewelery today, then first know these latest prices.
Gold prices softened
Today, a slight decline has been recorded in the gold rate. Gold with maturity of June 5, 2026 is trading at around ₹ 1,50,651 per 10 grams. There has been a decrease of about ₹ 460, i.e. a decline of about 0.30% has been observed. In local language, today gold is a little “loose”.
Silver showed strong momentum
On the other hand, Silver was seen in full enthusiasm today. The price of silver for May 5, 2026 has reached ₹ 2,42,500. There has been an increase of about ₹ 3,883, i.e. a jump of 1.63%. People are saying in the market that “Silver is making huge profits today.”
Latest rates of 18 carat and 22 carat gold
If you are thinking of buying jewellery, then as of May 1, 2026, 22 carat gold is being sold in India at around ₹ 13,800 to ₹ 14,000 per gram. Whereas 18 carat gold is trading between ₹ 11,280 to ₹ 11,475 per gram. There may be slight differences in different cities, but this is the average price.
Why are the prices of gold and silver changing?
Actually, the ongoing tension in the international market is a major reason for this. The increasing geopolitical tension in West Asia and fluctuations in crude oil prices are having a direct impact on gold and silver. Besides, the weakness of rupee against dollar is also making their prices go up and down. To put it in simple language, “If there is turmoil in the world, it will definitely affect the pocket.”
What will be the trend going forward?
The market will become more active in the coming days. Especially after full trading starts from Monday, a new direction can be seen. Industrial demand for silver is increasing, due to which it may rise further. Gold is a bit quiet at the moment, but is still considered strong from investment point of view.
If you want to invest, do not be hasty, take steps only after understanding the market a bit – otherwise “haste can be the devil’s work”.
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