Gold and Silver Price Today in India: Gold Near ₹1.5 Lakh, Silver at ₹2.4 Lakh
Gold and silver prices in India on 5 May 2026 are witnessing mixed trends, influenced by global cues, inflation concerns, and geopolitical developments. While gold is holding relatively steady on the Multi-Commodity Exchange (MCX), silver has shown volatility after recent sharp corrections.
According to the latest market data, MCX gold is trading near ₹1,49,800 per 10 grams, while MCX silver is hovering around ₹2.40-2.46 lakh per kg, depending on contract expiry.
Gold and Silver Prices in India (5 May 2026)
| City | 24K Gold Price (10g) | Silver Price (1kg) |
|---|---|---|
| Mumbai | ₹1,49,472.90 angelone | ₹2,40,185.16 zerodhafundhouse |
| Chennai | ₹1,49,472.90 angelone | ₹2,40,185.16 zerodhafundhouse |
| Delhi | ₹1,49,472.90 angelone | ₹2,40,185.16 zerodhafundhouse |
| Kolkata | ₹1,49,472.90 angelone | ₹2,40,185.16 zerodhafundhouse |
| Bengaluru | ₹1,49,472.90 angelone | ₹2,40,185.16 zerodhafundhouse |
| Hyderabad | ₹1,49,472.90 angelone | ₹2,40,185.16 zerodhafundhouse |
| Ahmedabad | ₹1,49,472.90 angelone | ₹2,40,185.16 zerodhafundhouse |
| Pune | ₹1,49,472.90 angelone | ₹2,40,185.16 zerodhafundhouse |
Note: Prices are indicative and vary by jeweller, taxes, and making charges.
Gold Price Today in India (5 May 2026)
- 24K Gold: ₹14,918 per gram
- 22K Gold: ₹13,675 per gram
- 18K Gold: ₹11,189 per gram
Gold prices have slightly declined compared to previous sessions, tracking global weakness and rising oil prices, which are impacting investor sentiment.
Silver Price Today in India (5 May 2026)
- Silver Price (approx.): ₹2,40,000-₹2,46,000 per kg (MCX range)
- Recent trend: Volatile, with sharp corrections earlier this week
Silver saw a significant drop recently but is now attempting recovery on MCX amid fluctuating global demand and industrial usage trends.
MCX Gold & Silver Futures (Latest)
Source: MCX data via Moneycontrol & market updates
Why Gold & Silver Prices Are Fluctuating
Several key factors are driving today’s bullion prices:
1. Global Market Pressure
Gold recently dropped sharply in international markets due to rising bond yields and strong dollar trends.
2. Geopolitical Tensions
Ongoing tensions in the Middle East are keeping gold volatile, as it is considered a safe-haven asset.
3. Inflation & Oil Prices
Higher crude oil prices are increasing inflation concerns, which is weighing on gold demand.
4. Industrial Demand for Silver
Silver demand remains strong due to its usage in electronics and solar panels, though short-term corrections are visible.
Gold vs Silver: Which Is Performing Better?
Gold continues to be a safer long-term hedge, while silver offers higher upside potential but with volatility.
Investment Outlook (Short-Term)
- Gold: Likely to remain range-bound with slight downward bias
- Silver: May recover but remain volatile
- Best Strategy: Gradual buying on dips
Conclusion
Gold and silver prices in India on 5 May 2026 reflect a cautious market environment. While gold is relatively stable near ₹1.5 lakh per 10 grams, silver continues to fluctuate sharply. Investors should keep an eye on global cues, inflation data, and currency movements before making decisions.
