Sharp Drop in Gold, Silver Rates Today: 24K Gold Down Rs 20,000 per 100gm in Delhi; Latest 22K & 18K Prices

The decline in gold rates continued for the second consecutive session this week, with Delhi witnessing a fresh dip on Tuesday, May 05, 2026. In the capital, 24 Karat (24K) gold fell to Rs 14,923 per gram (down Rs 54), while 22 Karat (22K) eased to Rs 13,690 per gram (down Rs 40). Cumulatively, the two-day correction has led to a sharp erosion of nearly Rs 20,000 per 100 grams in 24K gold, reflecting sustained selling pressure in the bullion market.

Gold, Silver Rates Today Under Pressure Amid Middle East Tensions

Meanwhile, silver rates also came under pressure in Delhi. The white metal is currently priced at Rs 255 per gram and Rs 2,55,000 per kilogram, registering a steep fall of Rs 10,000 per kg on Tuesday. The decline comes amid heightened geopolitical tensions in the Middle East, which have pushed energy prices higher and deepened inflation concerns, weighing on overall precious metals sentiment.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 5 May 2026

24 Karat Gold Rate Today in Delhi

In Delhi, the 24K gold rate today is Rs 14,923 per gram, compared to Rs 14,977 yesterday, marking a decline of Rs 54. For 8 grams, the price stands at Rs 1,19,384, down Rs 432 from Rs 1,19,816, while 10 grams is priced at Rs 1,49,230, lower by Rs 540 from Rs 1,49,770.

On a larger scale, 100 grams of 24 Karat gold is valued at Rs 14,92,300, reflecting a drop of Rs 5,400 from Rs 14,97,700.

22 Karat Gold Rate Today in Delhi

The 22 Karat gold rate in Delhi is currently Rs 13,690 per gram, down Rs 40 from Rs 13,730 in the previous session. For 8 grams, the price is Rs 1,09,520, a fall of Rs 320 from Rs 1,09,840, while 10 grams is priced at Rs 1,36,900, down Rs 400 from Rs 1,37,300.

For 100 grams of 22K on Tuesday, the rate has slipped to Rs 13,69,000, marking a decline of Rs 4,000 from Rs 13,73,000.

18 Karat Gold Rate Today in Delhi

Meanwhile, the 18K gold rate in Delhi also witnessed a decline. The price stands at Rs 11,204 per gram, compared to Rs 11,237 yesterday, a fall of Rs 33. For 8 grams, the rate is Rs 89,632, down Rs 264 from Rs 89,896, while 10 grams is priced at Rs 1,12,040, lower by Rs 330 from Rs 1,12,370.

On a higher quantity basis, 100 grams of 18 Karat gold is now valued at Rs 11,20,400, down Rs 3,300 from Rs 11,23,700.

Silver Rate Today: Check Latest Silver Prices Per Kg and Grams on May 5, 2026

In Delhi, the silver price on 5 May 2026 has witnessed a sharp decline across all measures. The rate stands at Rs 255 per gram, down Rs 10 from Rs 265 yesterday. For 8 grams, the price is Rs 2,040, lower by Rs 80 from Rs 2,120, while 10 grams is priced at Rs 2,550, a drop of Rs 100 from Rs 2,650.

On a larger scale, 100 grams of silver is now valued at Rs 25,500, marking a decline of Rs 1,000 from Rs 26,500 recorded in the previous session. Meanwhile, 1 kilogram of silver is priced at Rs 2,55,000, registering a steep fall of Rs 10,000 from Rs 2,65,000 yesterday.

Gold Price Outlook May 2026 Amid Iran-US Tension; Check Technical Analysis on Gold By Expert

"Gold prices are currently hovering around the 150,350 level, reflecting a moderately bearish trend in the near term as the market consolidates after recent volatility. The yellow metal continues to face resistance at higher levels, indicating a lack of strong bullish momentum for now," said Kaveri More, Commodity Analyst, Commodity Technical Research at Choice Broking

"For a directional move, a decisive breakout above the 153,100-155,500 zone will be crucial to trigger fresh buying interest and shift sentiment towards the upside. On the downside, immediate support is seen in the 147,900-142,500 range, where value buying may emerge," the expert noted.

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