- By Aditya Pratap Singh
- Thu, 01 May 2025 01:24 PM (IST)
- Source:JND
Gold Rate Today: Gold prices in India saw a dramatic correction, falling more than Rs 2,000 as sentiment toward international trade improved on Thursday, May 1. The drop occurs as global markets have become more optimistic due to a reduction in tensions between the US and its major trading partners, which has decreased investor demand for safe-haven assets like gold.
24-carat gold costs Rs 95,7300 per 10 grams in the nation's capital, while 22-carat gold costs Rs 87,750 per 10 grams. After months of consistent increases that had driven prices above Rs 1 lakh due to concerns about a possible US recession and uncertainty in the global economy, this represents a notable reversal.
Gold futures on the Multi Commodity Exchange (MCX) opened at Rs 94,611 per 10 grams, down Rs 91 from the previous close. Silver suffered a greater setback, falling Rs 2,301 per kg to Rs 94,561 per kg.
The abrupt decline indicates a change in investor mood as the bullion market starts to feel the effects of geopolitical instability and optimism for an economic recovery.
Gold Rate in Chennai, Delhi, Kolkata, Mumbai and Other Cities
| City Name | 22 Karat Gold Price | 24 Karat Gold Price |
| Delhi | Rs 87,900 | Rs 95,880 |
| Mumbai | Rs 85,750 | Rs 95,730 |
Ahmedabad | Rs 87,800 | Rs 95,780 |
| Bangalore | Rs 87,750 | Rs 95,730 |
| Chennai | Rs 87,750 | Rs 95,730 |
| Chandigarh | Rs 87,900 | Rs 95,880 |
| Hyderabad | Rs 87,750 | Rs 95,730 |
Jaipur | Rs 87,900 | Rs 95,880 |
| Kolkata | Rs 87,750 | Rs 95,730 |
| Lucknow | Rs 87,900 | Rs 95,880 |
| Patna | Rs 85,800 | Rs 95,780 |
| Gurugram | Rs 87,900 | Rs 95,880 |
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