The price of gold and silver continues to fluctuate in the Indian bullion market. On Saturday, May 9, once again a rise in gold prices has been recorded, due to which the burden on the pockets of customers has increased. Due to ongoing tension in global markets and strengthening domestic demand, gold prices are again touching new heights. A big difference is being seen in the prices of 24 carat and 22 carat gold from Delhi, Mumbai to Lucknow.
What is the latest price of gold today? (24K vs 22K)
On May 9, 2026, the price of 24 carat gold (pure gold) in the Indian market has reached the level of approximately ₹ 1,52,850 per 10 grams. At the same time, the price of 22 carat gold used for making jewelery is trading around ₹ 1,40,100 per 10 grams. An average increase of ₹400 to ₹800 has been seen in the prices in the last 24 hours. Experts believe that the increase in local demand due to the wedding season has supported the prices.
Why did gold prices suddenly increase? These are the 3 main reasons
According to market experts, three major global reasons are responsible for this recent surge in gold prices:
US-Iran tension: The increasing military confrontation between the US and Iran in the Gulf countries, especially in the Strait of Hormuz, has spooked investors. In an environment of uncertainty, people are turning to gold (Safe Haven) for safe investment.
Dollar weakness: Due to the fall in the US dollar index in the international market, the purchase of gold has become cheaper, due to which the global demand has increased.
Central Banks Purchasing: Central banks around the world, including the Reserve Bank of India (RBI), are increasing the amount of gold in their foreign exchange reserves, due to which the supply in the market has become less and the demand has increased.
Silver prices also rise, crossing ₹2.75 lakh
Along with gold, silver has also surprised investors today. The price of silver has reached a record high of ₹2,75,100 per kg in the markets of Delhi and Mumbai. This rise in silver prices is being seen due to industrial demand and disruption in the supply chain of metals globally. If you are also planning to buy or invest in jewellery, do not forget to check the current prices and the accuracy of the hallmarks.
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