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Gold-Silver Prices Today: On May 2nd—that is, today, Saturday—there were no significant changes in gold and silver prices, and gold rates remained stable across most cities in the country. Find out what the current rates are in your city.

Gold-Silver Prices Today: Today, Saturday, May 2nd, no major fluctuations were observed in gold prices within India's retail market. The prices for 24-carat and 22-carat gold remained largely stable across the country's major cities. The Multi-Commodity Exchange of India (MCX) remains closed on weekends; therefore, live trading data was not available. Based on previous closing levels, gold continues to trade above the ₹1.5 lakh per 10-gram mark, although a slight softening has been observed over the last few trading sessions.

Check the Latest Gold and Silver Rates

1. 24-Carat Gold: ₹151,810 per 10 grams
2. 22-Carat Gold: ₹139,159 per 10 grams
3. Silver (999 Fine): ₹251,170 per 1 kilogram

Check Rates in Your City (May 2nd)

Gold Prices in Mumbai

1. 24-Carat Gold Rate: ₹151,530/10 grams
2. 22-Carat Gold Rate: ₹138,903/10 grams
3. 999 Fine Silver Rate: ₹250,720/1 kilogram

Gold Prices in New Delhi

1. 24-Carat Gold Rate: ₹151,270/10 grams
2. 22-Carat Gold Rate: ₹138,664/10 grams
3. 999 Fine Silver Rate: ₹250,290/1 kilogram

Gold Prices in Ahmedabad

1. 24-Carat Gold Rate: ₹151,730/10 grams
2. 22-Carat Gold Rate – ₹139,086/10 grams.
3. 999 Fine Silver Rate – ₹251,050/1 kilogram.

Gold Prices in Bengaluru

1. 24-Carat Gold Rate – ₹151,650/10 grams.
2. 22-Carat Gold Rate – ₹139,013/10 grams.
3. 999 Fine Silver Rate – ₹250,920/1 kilogram.

Gold Prices in Kolkata

1. 24-Carat Gold Rate – ₹151,330/10 grams.
2. 22-Carat Gold Rate – ₹138,719/10 grams.
3. 999 Fine Silver Rate – ₹250,390/1 kilogram.

Gold Prices in Hyderabad

1. 24-Carat Gold Rate – ₹151,770/10 grams.
2. 22-Carat Gold Rate – ₹139,123/10 grams.
3. 999 Fine Silver Rate – ₹251,120/1 kilogram.

Gold Prices in Chennai

1. 24-Carat Gold Rate – ₹151,970/10 grams.
2. 22-Carat Gold Rate – ₹139,306/10 grams.
3. 999 Fine Silver Rate – ₹251,450/1 kilogram.

Why Did the Global Market Decline?

A decline in gold prices has been recorded in international markets, as rising tensions in the Middle East continue to fuel economic uncertainty. Consequently, expectations regarding interest rate cuts have also diminished. Experts believe that if interest rates remain elevated for an extended period, assets that yield no returns—such as gold and silver—may continue to face downward pressure. Over the past few months, gold prices have witnessed continuous fluctuations driven by ongoing geopolitical tensions and prevailing economic conditions.