Rally in Gold, Silver Rates Today Continue in Delhi; 24K Gold Jumps Rs 31,600 in Two Days; 7 May Latest Prices

Gold rates in Delhi extended their upward momentum on Thursday, May 7, 2026, continuing the recovery seen after the sharp correction earlier this week. The price of 24 Karat (24K) gold climbed to Rs 15,239 per gram, rising by Rs 11 from the previous session, while 22 Karat (22K) gold advanced to Rs 13,990 per gram, up by Rs 30.

Rally in Gold, Silver Prices Today Continue Amid US-Iran Tension

The gains come after Wednesday's strong rally, with gold prices surging by a total of Rs 31,600 in just two sessions, marking a sharp rebound in the precious metal market.

Silver prices also moved higher in the national capital. Silver is currently priced at Rs 270 per gram, up by Rs 5, while the rate per kilogram has increased to Rs 2,70,000, marking a gain of Rs 5,000. Market sentiment remained cautious as investors stayed on the sidelines awaiting further clarity on a possible US-Iran peace deal and its broader impact on global markets.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 7 May 2026

24 Karat Gold Rate Today in Delhi

On Thursday, May 7, 2026, 24K gold prices in Delhi continued to edge higher across all major weight categories. The price of 1 gram of 24 Karat gold stood at Rs 15,239, up by Rs 11 from Wednesday's Rs 15,228. For 8 grams, the rate increased to Rs 1,21,912, marking a gain of Rs 88 over the previous day's Rs 1,21,824.

Meanwhile, the widely tracked 10-gram rate of 24K gold in Delhi rose to Rs 1,52,390 on Thursday, up by Rs 110 from Rs 1,52,280 recorded on May 6. On a larger scale, 100 grams of 24 Karat gold is now priced at Rs 15,23,900, reflecting an increase of Rs 1,100 compared to Wednesday's Rs 15,22,800.

22 Karat Gold Rate Today in Delhi

Similarly, 22K gold prices in Delhi also witnessed an upward movement on May 7, 2026. The rate for 1 gram of 22 Karat gold climbed to Rs 13,990, gaining Rs 30 from the previous session. For 8 grams, the price reached Rs 1,11,920, up by Rs 240 from Rs 1,11,680.

The 10-gram price of 22K gold in the national capital stood at Rs 1,39,900 on Thursday, higher by Rs 300 compared to Rs 1,39,600 a day earlier. Meanwhile, 100 grams of 22 Karat gold is currently valued at Rs 13,99,000, rising by Rs 3,000 from Wednesday's Rs 13,96,000.

18 Karat Gold Rate Today in Delhi

In the case of 18K gold, rates also remained firm in Delhi on Thursday. The price of 1 gram of 18 Karat gold rose to Rs 11,449, marking a gain of Rs 20 from the previous day's Rs 11,429. For 8 grams, the rate moved up to Rs 91,592, reflecting an increase of Rs 160.

The 10-gram price of 18K gold in Delhi climbed to Rs 1,14,490 on May 7, 2026, up by Rs 200 from Rs 1,14,290 recorded on Wednesday. Meanwhile, 100 grams of 18 Karat gold is now priced at Rs 11,44,900, registering a rise of Rs 2,000 from the earlier Rs 11,42,900.

Silver Rate Today: Check Latest Silver Prices Per Kg and Grams on May 7, 2026

Silver prices in Delhi continued to move higher on Thursday, May 7, 2026, tracking the positive momentum seen in precious metals this week. The price of 1 gram of silver rose to Rs 270, gaining Rs 5 from Wednesday's Rs 265.

For 8 grams, silver is currently priced at Rs 2,160 in the national capital, up by Rs 40 compared to the previous session's Rs 2,120. Meanwhile, the 10-gram silver rate climbed to Rs 2,700 on Thursday, reflecting an increase of Rs 50 from Rs 2,650 recorded a day earlier.

In bulk quantities, 100 grams of silver in Delhi is priced at Rs 27,000 on Thursday, higher by Rs 500 from the previous day's Rs 26,500. Meanwhile, the 1 kg silver rate has climbed to Rs 2,70,000, registering a notable jump of Rs 5,000 compared to Wednesday's Rs 2,65,000.

What is Impacting Gold Rates in May 2026?

"Reports of missile exchanges, attacks on vessels, and an Iranian strike on UAE's Fujairah oil hub intensified supply disruption fears, pushing crude prices sharply higher and amplifying global inflation concerns. This has reinforced expectations of a more hawkish stance from major central banks, including the Federal Reserve, weighing on non-yielding assets like gold," said Manav Modi Commodities Analyst, Motilal Oswal Financial Services Ltd.

"Despite heightened geopolitical risks, bullion struggled to gain as higher bond yields and a firm dollar capped upside," added the expert.

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