Noida, May 7 (APAC Media): Gold and silver prices continued to fluctuate on Wednesday as global economic signals, geopolitical tensions, and currency movements influenced sentiment in the bullion market.
According to market observers, gold maintained a volatile trajectory, reflecting ongoing uncertainty over interest rate policies in major economies, particularly the United States.
Expectations surrounding the US Federal Reserve’s stance on inflation and borrowing costs remained a key driver for international bullion prices. Investors continued to view gold as a safe-haven asset amid persistent global risks.
Gold Price Today (City-Wise – 7 May 2026)
| City | 24K Gold (₹/gram) | 22K Gold (₹/gram) | 18K Gold (₹/gram) |
|---|---|---|---|
| Delhi | 15,239 | 13,990 | 11,449 |
| Mumbai | 15,214 | 13,946 | 11,430 |
| Chennai | 15,260 | 13,980 | 11,460 |
| Bengaluru | 15,245 | 13,960 | 11,440 |
| Kolkata | 15,220 | 13,940 | 11,420 |
Silver prices also witnessed sharp fluctuations during the trading session. Analysts attributed the movement to a combination of industrial demand concerns and speculative trading in global commodity markets.
Gold Price Movement (Last 3 Days)
May 5 | ██████████ ₹14,960/g
May 6 | ████████████ ₹15,120/g
May 7 | ██████████████ ₹15,240/g 📈
The metal’s dual role as both an industrial input and investment asset has contributed to its heightened sensitivity to macroeconomic developments.
Silver Price Today (City-Wise – 7 May 2026)
| City | Silver (₹/kg) | Silver (₹/10g) |
|---|---|---|
| Delhi | 2,70,000 | 2,700 |
| Mumbai | 2,65,100 | 2,651 |
| Chennai | 2,70,000 | 2,700 |
| Bengaluru | 2,66,000 | 2,660 |
| Kolkata | 2,68,000 | 2,680 |
In the domestic market, bullion rates were additionally impacted by the movement of the Indian rupee against the US dollar.
Currency depreciation tends to make imported commodities, including gold and silver, more expensive in India, while a stronger rupee can help cap price gains even when global rates rise.
Market experts said investors are closely tracking key global indicators, including inflation data, employment figures in the US, and central bank commentary, for further direction.
Geopolitical developments in various regions have also added to uncertainty, supporting intermittent demand for safe-haven assets.
Despite short-term volatility, analysts maintain that gold continues to hold long-term appeal as a hedge against inflation and financial instability.
However, they cautioned that price movements are likely to remain range-bound in the near term, with periodic spikes driven by external triggers.
Traders expect continued volatility in both gold and silver prices over the coming sessions as global macroeconomic conditions evolve and market participants reassess risk appetite.
Disclaimer:
Gold prices and rates are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
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