Noida, May 2 (APAC Media): Gold and silver prices in India continued their upward trajectory on Saturday, reflecting firm global trends and sustained domestic demand. Bullion markets remained supported by safe-haven buying amid ongoing economic uncertainties and fluctuating currency movements.
According to the latest retail rates, 24-karat gold prices hovered near Rs 89,700 per 10 grams in major markets, while 22-karat gold was priced around Rs 82,200 per 10 grams. The rise, though marginal, indicates steady investor confidence in precious metals as a hedge against inflation and volatility in financial markets.
In the national capital Delhi, gold prices were reported at approximately Rs 89,710 per 10 grams for 24K and Rs 82,210 for 22K. Similar trends were observed in Mumbai, where 24K gold traded close to Rs 89,600–Rs 89,720 per 10 grams and 22K gold around Rs 82,120–Rs 82,200. Markets in Pune, Chennai, and Kolkata also recorded comparable rates with minor local variations due to taxes and transportation costs.
City-wise Gold & Silver Price Chart (May 2, 2026)
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) | Silver (₹/kg approx.) |
|---|---|---|---|
| Delhi | 89,700 | 82,200 | 244,000 |
| Mumbai | 89,600–89,700 | 82,100–82,200 | 244,010 |
| Pune | 89,600 | 82,100 | 244,010 |
| Chennai | 89,800 | 82,320 | 244,010 |
| Kolkata | 89,600 | 82,100 | 244,010 |
Silver prices witnessed a notable jump, with the metal trading at around Rs 2.44 lakh per kilogram across most major cities. The surge in silver is attributed to strong industrial demand and positive global cues, alongside increased investor participation.
Market analysts stated that international factors such as movements in the US dollar, global interest rates, and geopolitical developments continue to influence domestic bullion prices.
Additionally, seasonal demand in India and import duties contribute to price variations across regions.
Traders noted that while gold remains a preferred investment during uncertain times, silver is gaining traction due to its dual role as both an industrial and precious metal. Experts expect prices to remain range-bound with a slight upward bias in the near term.
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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