Gold Price Today: Gold and silver became cheap on the first day of the week, prices fell from Delhi to Mumbai; Check the latest rate of your city
On the first trading day of the week i.e. Monday, May 4, 2026, a decline in the prices of gold and silver has been recorded in the Indian bullion market. Due to signals from the global market and sluggishness in domestic demand, gold prices have come down in all major cities of the country. This reduction in prices amid the wedding season is a relief news for those customers who were planning to purchase.
Fall in gold prices: What is the situation in Delhi-Mumbai?
Capital Delhi Today, the price of 24 carat gold has fallen to ₹ 1,51,220 per 10 grams, while the price of 22 carat (jewelry gold) was recorded at ₹ 1,38,490 per 10 grams. There itself, Mumbai And Kolkata In India, 24 carat gold is trading at ₹1,50,920 and 22 carat gold at ₹1,38,340.
If we look at the trend of the last one week, there has been a big fall in the prices of gold. Within a week, 24 carat gold has become cheaper by ₹ 2,960 per 10 grams, while the price of 22 carat has decreased by ₹ 2,850. There is also a softening trend in the international market and spot gold remains near $4,627.63 per ounce.
Today’s latest prices in major cities (4 May 2026)
| City | 22 carat gold (₹/10 grams) | 24 carat gold (₹/10 grams) |
| Delhi | 1,38,490 | 1,51,220 |
| Mumbai | 1,38,340 | 1,50,920 |
| Chennai | 1,39,990 | 1,52,720 |
| Kolkata | 1,38,340 | 1,50,920 |
| Ahmedabad | 1,38,390 | 1,51,020 |
| Jaipur/Lucknow | 1,38,490 | 1,51,220 |
The shine of silver also faded
Along with gold, silver prices also saw a decline this morning. On the morning of May 4, the price of silver was recorded at ₹2,64,900 per kg. However, silver prices remain volatile on a weekly basis and have become costlier by ₹5,000 in the last seven days. Silver is stable at $75.91 per ounce in the international market. Recall that in January this year, silver had crossed the historical figure of ₹ 4 lakh per kg.
Main reasons behind falling prices
According to bullion experts, both domestic and global factors are responsible for this change in gold and silver prices:
Global Market: There is pressure on gold due to the strength of the dollar in the international market and signals regarding interest rates.
Rupee status: The movement of rupee against dollar also affects local prices.
Demand and Supply: Stagnation in domestic demand due to high prices despite the wedding season has also pushed down prices.
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