New Delhi, May 2, 2025: The downtrend in precious metals prices continues in India’s bullion markets, with both gold and silver witnessing further declines today. Amid global economic factors and subdued demand, 24-carat gold is currently trading between ₹95,510 and ₹95,660 per 10 grams across most major Indian cities, while 22-carat gold ranges from ₹87,600 to ₹87,750 per 10 grams. Silvertoo, has seen a drop, trading at ₹ 98,000 per kilogram in Delhi’s bullion market.
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City-Wise Gold Rates (Per 10 Grams)
| City | 24-Carat Gold Price | 22-Carat Gold Price |
|---|---|---|
| Delhi | ₹95,660 | ₹87,750 |
| Mumbai | ₹95,510 | ₹87,600 |
| Ahmedabad | ₹95,560 | ₹87,650 |
| Chennai | ₹95,510 | ₹87,600 |
| Kolkata | ₹95,510 | ₹87,600 |
| Lucknow | ₹95,660 | ₹87,750 |
| Patna | ₹95,560 | ₹87,650 |
| Jaipur | ₹95,660 | ₹87,750 |
| Bengaluru | ₹95,510 | ₹87,600 |
| Hyderabad | ₹95,510 | ₹87,600 |
| Bhubaneswar | ₹95,510 | ₹87,600 |
The rates reflect the continuing pressure on precious metals due to volatile international markets, fluctuating currency exchange ratesand shifting investor sentiment.
Silver Prices Also Dip
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Silver Price in Delhi: ₹ 98,000 per kilogram
Silver has followed a similar trajectory, influenced by reduced industrial demand and global market uncertainties.
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What’s Driving the Price Drop?
-
Global rate corrections
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Stronger Indian rupee against the dollar
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MUTED RETAL Demand Post-CAKSHAYA Tritiya
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Profit-booking by traders
Despite seasonal buying interest earlier in the month, analysts note that prices may remain under pressure in the short term due to lack of strong triggers in the global commodities space.
