Gold Prices Surge Up to ₹2,730, Silver Sees Minor Dip in Indian Markets

New Delhi, May 6 Gold prices in the Indian bullion market witnessed a sharp surge of up to ₹2,730 per 10 grams today, reflecting strong demand and international trends. In contrast, silver prices recorded a marginal decline, trading slightly lower in key domestic markets.

According to industry sources, 24-carat gold is currently being traded between ₹98,460 and ₹98,610 per 10 grams, while 22-carat gold is priced between ₹90,250 and ₹90,400 per 10 grams across major cities. The price jump marks one of the steepest single-day hikes in recent months.

Gold Rates Today in Major Cities (Per 10 Grams)

City 24-Carat Gold 22-Carat Gold

Delhi	₹98,610	₹90,400
Mumbai	₹98,460	₹90,250
Ahmedabad	₹98,510	₹90,300
Chennai	₹98,460	₹90,250
Kolkata	₹98,460	₹90,250
Lucknow	₹98,610	₹90,400
Patna	₹98,510	₹90,300
Jaipur	₹98,610	₹90,400
Bengaluru	₹98,460	₹90,250
Hyderabad	₹98,460	₹90,250
Bhubaneswar	₹98,460	₹90,250

Silver Prices See Mild Correction

Silver prices witnessed a minor drop today. In Delhi’s bullion market, silver was trading at ₹96,900 per kilogram, down slightly from the previous session. The correction is attributed to profit booking by investors and subdued industrial demand.

Market Sentiment and Outlook

Experts believe that global cues, including safe-haven buying amid geopolitical uncertainty and currency fluctuations, have contributed to the spike in gold prices. The sustained upward trend indicates continued investor interest in precious metals as a hedge against inflation and market volatility.

Key Takeaways

• Gold price surged by up to ₹2,730 per 10 grams

• 24-carat gold now trading near ₹98,610 in major cities

• 22-carat gold averaging ₹90,250 ₹90,400 per 10 grams

• Silver slipped slightly to ₹96,900 per kg in Delhi

• Strong demand and safe-haven buying drive price surge