Saturday, March 29, 2025
Silver Also Declines – Check Rates in Your City
Gold Price Today: After nearing ₹1 lakh per 10 grams recently, gold prices saw a drop earlier today before recovering slightly by the evening. Silver prices, however, declined further.
Author: Shabnaz
Updated: May 5, 2025, 10:05 AM
In India, gold has long been considered a safe and profitable investment. It is widely believed that investing in gold rarely leads to losses. Recently, the price of 24-carat gold (per 10 grams) surged close to ₹1 lakh. However, after reaching this record level, a slight dip followed.
According to the MCX Gold Index, the price of 24-carat gold on May 5 stood at ₹92,700 per 10 grams, marking a modest increase of ₹61. In contrast, the price of silver dropped by ₹138 per kilogram.
As of 8 AM on May 5, the Indian Bullion Association (IBA) reported slightly different rates from the MCX. According to the IBA:
24-carat gold: ₹93,000 per 10 grams
22-carat gold: ₹85,250 per 10 grams
Silver: ₹94,140 per kilogram
These rates provide a general benchmark, although actual prices may vary slightly depending on the city and local dealers.
Here’s a quick look at today’s gold and silver rates in major Indian cities:
Delhi:
Gold: ₹94,260 per 10 grams
MCX Gold: ₹95,221 per 10 grams
Silver: ₹94,960 per kg
Mumbai:
Gold: ₹94,430 per 10 grams
Silver: ₹95,120 per kg
Chennai:
Gold: ₹93,100 per 10 grams
Silver: ₹94,250 per kg
Kolkata:
Gold: ₹94,350 per 10 grams
Silver: ₹95,060 per kg
Hyderabad:
Gold: ₹94,620 per 10 grams
Silver: ₹95,330 per kg
Bengaluru:
Gold: ₹94,500 per 10 grams
Silver: ₹95,200 per kg
Experts suggest keeping an eye on market trends as gold prices are likely to fluctuate again by evening.
