Gold Rate In India Today Outlook: 24K Above Rs 1.5 Lakh, Silver Near Rs 2.7 Lakh | Will Price Rise on May 4?

Gold Rate in India: The price of 24 karat gold in India hovered near Rs 1.5 lakh per 10 grams while silver traded around Rs 2.65 lakh per kilogram. Both precious metals are currently witnessing range-bound movement, a contrast to the sharp volatility seen in 2025.Gold prices faced some correction last week amid uncertainty over the Iran-US ceasefire, which kept investors cautious, drove crude oil prices higher, and weighed on the domestic currency.

As investors prepare for the Monday, May 4, trading session, here are all the details to know about the gold price outlook.

Gold Rate in India

The price of 24 karat gold in India stood at Rs 15,093 per gram on Sunday, May 3, as per Goodreturns data. The rate of 22 karat gold in India remained at Rs 13,835 per gram and the rate of 18 karat gold in India stood at Rs 11,320 per gram on Sunday, May 3.

Silver Rate in India

The price of silver in India remained unchanged on Sunday, May 3. Silver rate in India stood at Rs 256 per gram and at Rs 2,65,000 per kilogram on Sunday. Silver prices in India saw a range bound movement in April, however the white metal saw wild swings in January and February.

Gold Rate in India Today Outlook

The price of gold in India is likely to showcase a range-bound movement on Monday, May 4. However, crude oil price trajectory, US Dollar and the Indian currency's movement can impact gold rate in India today.Additionally, investors sentiment due to Iran-US ceasefire updates can also trigger sharp movement in the precious metal.

In the long-term, investors can see mild price correction in gold prices. "Higher U.S. interest rates and elevated bond yields are expected to keep pressure on non-yielding assets like gold, though steady central bank buying-over 1,000 tonnes a year, should offer some support," according to Gaurav Maheshwari, CFO, Alankit Limited.

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