Gold Price Today in India & Silver Rate Today
Live 24K, 22K & 18K gold rates in ₹ rupees · City-wise silver prices · Market outlook & buying tips
As of Wednesday, 6 May 2026, gold is trading at ₹14,918 per gram (24K) and ₹13,675 per gram (22K) across India, while silver has stabilised at approximately ₹2,65,000 per kilogram. Prices are showing a cautious, range-bound trend as Indian markets digest global signals from West Asia geopolitics, a volatile US dollar, and steady domestic wedding-season demand.
Gold Rate Today in India – 6 May 2026
Today’s gold price in India stands at ₹14,918 per gram for 24 karat gold (99.9% purity), ₹13,675 per gram for 22 karat gold (91.6% purity), and ₹11,189 per gram for 18 karat gold (75% purity). These rates are sourced from reputed jewellers across the country and are indicative — final billing prices will include GST (3%), making charges (5–15%), and any applicable state levies.
Gold and silver prices in India on May 5–6, 2026, remained largely steady with minor fluctuations across major cities, even as global markets reacted to geopolitical tensions in West Asia and mixed signals from the US dollar.
Important Note: The rates shown above are indicative spot rates and do not include GST (3%), hallmarking charges, making charges, or local octroi. When purchasing from a jeweller, the final price per gram can be 8–18% higher than the spot rate. Always ask for a BIS Hallmarked piece and verify the day’s rate before purchase.
City-Wise Gold Rates – 6 May 2026
Gold prices often vary across Indian cities due to local taxes, octroi, and transportation costs. Below are today’s indicative retail rates across major Indian metropolitan areas:
| City | 24K (per gram) | 22K (per gram) | 18K (per gram) | 24K (per 10g) |
|---|---|---|---|---|
| 🏙️ Delhi | ₹14,918 | ₹13,679 | ₹11,189 | ₹1,49,180 |
| 🏙️ Mumbai | ₹14,961 | ₹13,714 | ₹11,221 | ₹1,49,610 |
| 🏙️ Kolkata | ₹14,961 | ₹13,714 | ₹11,221 | ₹1,49,610 |
| 🏙️ Chennai | ₹15,077 | ₹13,820 | ₹11,308 | ₹1,50,770 |
| 🏙️ Bengaluru | ₹14,961 | ₹13,714 | ₹11,221 | ₹1,49,610 |
| 🏙️ Hyderabad | ₹14,961 | ₹13,714 | ₹11,221 | ₹1,49,610 |
| 🏙️ Pune | ₹14,961 | ₹13,714 | ₹11,221 | ₹1,49,610 |
| 🏙️ Ahmedabad | ₹14,961 | ₹13,714 | ₹11,221 | ₹1,49,610 |
| 🏙️ Jaipur | ₹14,918 | ₹13,675 | ₹11,189 | ₹1,49,180 |
| 🏙️ Lucknow | ₹14,918 | ₹13,675 | ₹11,189 | ₹1,49,180 |
*Rates are indicative as of May 6, 2026 morning. Chennai typically trades at a small premium due to higher regional demand. Rates are subject to change throughout the trading day. Source: GoodReturns, BusinessToday, LatestLY.
Year-on-Year Perspective: Gold prices have seen a significant increase over the last year. In May 2025, 24K gold was trading near ₹12,500 per gram; today’s rate represents a nearly 20% year-on-year increase. This is consistent with global gold’s ~37% rise in USD terms, partially offset by rupee depreciation.
Silver Rate Today in India – 6 May 2026
The price of silver in India today is ₹265 per gram and ₹2,65,000 per kilogram. The Indian bullion market is witnessing range-bound trading for silver today, Wednesday, May 6, 2026. Following a period of significant volatility over the past week, prices appear to have entered a phase of relative stability.
Silver prices often vary across Indian metropolitan cities due to differences in local taxes, octroi, and transportation costs. Industrial demand centres like Chennai and Hyderabad typically see a modest premium over the national benchmark.
Silver’s Stellar Run: Silver in India has surged dramatically — up over 124% in the past year in USD terms. Even accounting for rupee movement, domestic silver prices have more than doubled since May 2025, driven by solar panel manufacturing demand, electric vehicle production, and electronics exports from India’s growing manufacturing sector.
City-Wise Silver Rates – 6 May 2026
| City | Silver per gram | Silver per 10g | Silver per kg (999) | Trend |
|---|---|---|---|---|
| 🏙️ Delhi | ₹265 | ₹2,650 | ₹2,65,000 | → Stable |
| 🏙️ Mumbai | ₹265 | ₹2,650 | ₹2,65,000 | → Stable |
| 🏙️ Kolkata | ₹265 | ₹2,650 | ₹2,65,000 | → Stable |
| 🏙️ Chennai | ₹270 | ₹2,700 | ₹2,70,000 | ↑ Premium |
| 🏙️ Hyderabad | ₹269 | ₹2,690 | ₹2,69,900 | ↑ Slight Premium |
| 🏙️ Bengaluru | ₹265 | ₹2,650 | ₹2,65,000 | → Stable |
| 🏙️ Ahmedabad | ₹265 | ₹2,650 | ₹2,65,000 | → Stable |
| 🏙️ Jaipur | ₹265 | ₹2,650 | ₹2,65,000 | → Stable |
| 🏙️ Lucknow | ₹265 | ₹2,650 | ₹2,65,000 | → Stable |
| 🏙️ Patna | ₹265 | ₹2,650 | ₹2,65,000 | → Stable |
*Source: GoodReturns, BusinessToday (May 5–6, 2026). Rates are indicative. Chennai and Hyderabad command a small premium due to industrial and jewellery demand. Prices exclude GST.
“Gold touching ₹1.5 lakh per 10 grams is a watershed moment for Indian investors. At current levels, the yellow metal has rewarded patient investors with nearly 20% returns in one year — outpacing most fixed deposits and equity funds on a risk-adjusted basis.” — Indian Bullion Market Analysis, May 2026
What Is Driving Prices Today?
Gold prices in India are mainly influenced by international bullion rates, rupee-dollar movements, import duties, and seasonal jewellery demand. Here are the key forces at play right now:
Ongoing tensions in the Middle East — now in their 10th week — have kept energy prices elevated and inflation fears high globally, pushing investors toward safe-haven precious metals.
The Rupee has fallen to around ₹95.43 against the US dollar amid Gulf tensions and an oil price surge, making imported gold more expensive in domestic markets and supporting prices.
Continued gold accumulation by central banks globally has supported prices at historic highs throughout the first half of 2026, providing a structural price floor.
India’s peak wedding season is creating steady retail demand. While retail demand remains supported by the ongoing wedding season, high prices have led some consumers to adopt a “wait-and-watch” approach, favouring staggered purchases over large-scale buying.
Growing requirements in sectors like solar panel manufacturing, electric vehicles (EVs), and electronics have provided strong support to silver prices at lower levels.
India’s basic customs duty on gold and GST (3%) add significantly to the domestic price. MCX gold futures provide real-time benchmarks; MCX has shown range-bound movement, with gold recently trading between ₹1,50,000 and ₹1,53,000 per 10 grams.
2026 Price Outlook — Gold & Silver in India
Gold Price Outlook
International gold reached an all-time high of $5,595/oz (approximately ₹5.32 lakh per 10 grams at current exchange rates) in late January 2026 before pulling back. Most analysts expect the metal to remain range-bound in the ₹1,45,000–₹1,60,000 per 10 gram zone in the near term, with a bullish bias through year-end. Gold funds have given average returns of 26.84% over the past year.
| Timeframe | Gold Target (per 10g) | Silver Target (per kg) | Basis |
|---|---|---|---|
| May 2026 (Now) | ₹1,47,000–₹1,51,000 | ₹2,60,000–₹2,70,000 | Current market |
| June–July 2026 | ₹1,50,000–₹1,58,000 | ₹2,65,000–₹2,85,000 | Monsoon season |
| Oct–Dec 2026 | ₹1,60,000–₹1,80,000 | ₹2,90,000–₹3,20,000 | Festive season + global cues |
| End of 2026 | ₹1,75,000–₹2,00,000+ | ₹3,00,000–₹3,50,000 | Analyst consensus (bullish case) |
*Projections are indicative, based on analyst consensus and international forecasts. Exchange rate assumptions: ~₹93–96/USD. Not financial advice.
Silver Price Outlook
Silver’s outlook in India is particularly compelling. The global silver market is seeing a supply-demand mismatch — mine production grows at only 1–2% annually while industrial usage surges. India’s rapidly expanding solar manufacturing sector (targeting 500 GW by 2030) is a massive structural demand driver. If geopolitical risks ease and the rupee stabilises, silver could correct short term, but the multi-year bull case remains intact.
Buying Tips — Gold & Silver in India
Whether you are buying gold for a wedding, an investment, or adding silver to your portfolio, keep these practical points in mind:
- Always check BIS Hallmark: The Bureau of Indian Standards (BIS) Hallmark with a 6-digit HUID (Hallmark Unique ID) is mandatory on all gold jewellery sold in India. Never buy unmarked gold.
- Verify the day’s rate: Check the MCX spot rate or GoodReturns before visiting a jeweller. Rates fluctuate during market hours (9 AM – 11:30 PM IST).
- Understand making charges: Making charges range from 5% to 25% of gold value depending on design complexity. Machine-made jewellery has lower making charges than handcrafted pieces.
- GST is non-negotiable: A flat 3% GST applies on the value of gold and silver. There is an additional 5% GST on making charges. This cannot be waived.
- Consider Sovereign Gold Bonds (SGBs): Issued by RBI, SGBs offer 2.5% annual interest plus capital appreciation — without storage risk. Ideal for pure investment buyers.
- For silver, buy 999 purity: Investment-grade silver should be 999 pure. Coins and bars from certified mints (MMTC, India Government Mint) carry guaranteed purity.
- Compare before buying: Gold rates can vary by ₹100–₹500 per 10 grams across jewellers in the same city. Always compare 2–3 shops before purchasing.
- Stagger large purchases: Given current price volatility, financial planners recommend staggered purchases using a Systematic Investment Plan (SIP) in Gold ETFs rather than lump-sum physical buying.
Frequently Asked Questions (FAQ)
Today’s gold price in India stands at ₹14,918 per gram for 24 karat gold (99.9% purity), ₹13,675 per gram for 22 karat gold (91.6% purity), and ₹11,189 per gram for 18 karat gold (75% purity). These rates are before GST and making charges.
The price of silver in India today is ₹265 per gram and ₹2,65,000 per kilogram. Chennai sees a slight premium at ₹2,70,000/kg due to higher local industrial demand.
As of May 5–6, 2026, the price for 24-karat gold is hovering just below the ₹1.5 lakh mark per 10 grams, standing at approximately ₹1,49,610. Meanwhile, 22-karat gold is retailing at approximately ₹1,37,140 per 10 grams.
Today’s gold price in Chennai stands at ₹15,077 per gram for 24 karat gold — slightly higher than Delhi’s ₹14,918. This difference is due to local state taxes, transportation costs, and higher jewellery demand in Tamil Nadu, which is one of India’s largest gold-consuming states.
Gold has delivered approximately 20% returns year-on-year in rupee terms. While prices are near historical highs, the long-term outlook remains bullish due to central bank buying, inflation hedging demand, and global uncertainty. For long-term investors, Sovereign Gold Bonds (SGBs) or Gold ETFs are tax-efficient alternatives to physical gold.
Gold prices in India are mainly influenced by international bullion rates, rupee-dollar movements, import duties, and seasonal jewellery demand. The Multi Commodity Exchange (MCX) sets the benchmark domestic price, to which retailers add GST (3%), making charges, and local margins.
24 karat gold is 99.9% pure and is the softest form — used for coins, bars, and investment products. 22 karat (91.6% pure) is the most popular for jewellery in India, offering a balance of purity and durability. 18 karat (75% pure) is commonly used for studded and designer jewellery due to its hardness. Each karat grade has a different price, with 24K being the most expensive.
Short-term corrections are possible, especially if US-dollar strengthens or geopolitical tensions ease. However, most analysts maintain a bullish medium-to-long-term view for gold in 2026, with year-end targets ranging from ₹1,75,000 to ₹2,00,000+ per 10 grams, driven by central bank demand, global inflation, and festive-season buying in India (Navratri, Diwali, Dhanteras).