Gold & Silver Price Today (07 May 2026): Once again, there is a tremendous rise in the prices of gold and silver in the Indian bullion market. Gold prices in the domestic market have reached record highs amid changes in prices in the international market and signs of easing geopolitical tensions in West Asia.
In the capital Delhi on the morning of 7th May 24 karat gold increase in price ₹1,52,290 per 10 grams Has occurred.
Latest gold price in major cities (₹/10 grams)
| City | 22 carat gold price | 24 carat gold price |
| Delhi | ₹1,39,610 | ₹1,52,290 |
| Mumbai | ₹1,39,460 | ₹1,52,140 |
| Chennai | ₹1,41,010 | ₹1,53,830 |
| Kolkata | ₹1,39,460 | ₹1,52,140 |
| Jaipur | ₹1,39,610 | ₹1,52,290 |
| Lucknow | ₹1,39,610 | ₹1,52,290 |
Silver prices also increased
Along with gold, the shine of silver has also increased. Silver price on the morning of 7th May ₹2,65,100 per kg Has reached the level of. It is noteworthy that on Wednesday, a huge increase of ₹ 3,500 was seen in silver in Delhi market. In January this year, silver has also crossed the historical level of ₹ 4 lakh per kg.
Why are prices increasing?
Global signal: spot gold in international market $4,663.70 per ounce and silver $76.24 per ounce But is trading.
Hope for peace: The news of ending conflict between America and Iran has created a positive atmosphere in the market. The possibility of opening of the Strait of Hormuz has reduced inflation concerns, but the demand for precious metals as a safe investment remains intact.
Impact of dollar and crude oil: The direct impact of the fall in crude oil prices and fluctuations in the dollar index is visible on gold prices.
Factors affecting gold rate
Gold prices in India depend on several global and domestic factors:
Movement of gold in the international market.
Value of rupee against dollar.
Increasing gold reserves by central banks (like RBI).
Increase in demand during weddings and festival seasons.
Comments are closed.