Gold Silver Rate 5 May: Gold and silver prices have been witnessing continuous fluctuations, and over the past few days, gold rates have been steadily declining. At the beginning of May, a drop in gold prices was recorded, making it a potentially good opportunity for investment and jewellery purchases.
In the national capital, New Delhi, prices of both 24-carat and 22-carat gold have decreased. A decline has been recorded in both categories today. As for silver, it has also been getting cheaper over the past few days, indicating a possible investment window for investors, as its price per kilogram has fallen.
Gold Silver Rate 5 May: Latest Gold & Silver Prices
- 24-carat gold: ₹1,49,760 per 10 grams
- Silver: ₹2,64,900 per kilogram
Let’s take a look at the latest city-wise rates:
Gold Rate Today (Per 10 grams)
| Purity | Gold Rate |
|---|---|
| 24 Carat (99.9%) | ₹1,49,760 |
| 22 Carat (95.8%) | ₹1,37,290 |
| 18 Carat (75%) | ₹1,12,360 |
City-wise Gold Prices
| City | 24K (₹) | 22K (₹) | 18K (₹) |
|---|---|---|---|
| Lucknow | 14,976 | 13,729 | 11,236 |
| Jaipur | 14,976 | 13,729 | 11,236 |
| Delhi | 14,976 | 13,729 | 11,236 |
| Patna | 14,966 | 13,719 | 11,226 |
| Mumbai | 14,961 | 13,714 | 11,221 |
| Ahmedabad | 14,966 | 13,719 | 11,226 |
| Pune | 14,961 | 13,714 | 11,221 |
| Kolkata | 14,961 | 13,714 | 11,221 |
| Meerut | 14,976 | 13,729 | 11,236 |
| Ludhiana | 14,976 | 13,729 | 11,236 |
Silver Rate Today (Per kg)
Across major cities including Delhi, Mumbai, Jaipur, Lucknow, and others, silver is priced at ₹2,64,900 per kilogram.
Why Are Gold & Silver Prices Falling?
Typically, during times of war, precious metal prices tend to rise. However, despite ongoing tensions in Gulf countries, gold and silver prices have declined sharply in recent days.
Experts suggest that factors such as:
- Weakening of the Indian rupee
- The US Federal Reserve keeping interest rates unchanged
- Rising crude oil prices
have increased pressure on gold and silver, leading to a price drop.
Also Read: Gold Silver Rate 4 May: Check latest gold and silver rates in Your City
