Gold Price In India Update: Flat Trends Continue on May 3; Check Latest 24k,22k,18k Rates In Your City

Gold prices in India remained largely stable today on Sunday May 3. This plateau follows a brief recovery on Saturday, as investors weigh international market pressures against a surge in domestic demand driven by the peak wedding season.

International spot gold is at around $4,613 per ounce with US-Iran tensions and inflation fears keeping prices elevated.

Year-on-year, 24K gold rate has risen nearly 20% from around Rs. 12,500 per gram in May 2025 to Rs. 15,093 per gram today.

Gold prices today saw no major movement across major cities including Delhi, Mumbai, Chennai, Bengaluru, and Hyderabad.

Gold Rate in India Today

As of 3rd May, gold rates in India for 22 carats, or standard gold fell slightly by Rs. 200 and currently cost Rs. 1,48,200 per 10 grams, whereas the 24-carat gold rate in India is currently at Rs. 1,61,680 per 10 grams after slipping by Rs. 210. Just like that, 18-carat gold rates also underwent a decline of Rs. 160 per 10 grams to retail at Rs. 1,21,260.

Similarly, the 100 grams of 24-carat gold are now costing Rs. 16,16,800, and the 22-carat gold per 100 grams is now at Rs. 14,82,000. The cheaper variant, 18-carat gold, is now at Rs. 12,12,600.

City-Wise Gold Rates: Latest 22-Carat & 24-Carat Prices Across India

Here's a look at the latest gold prices for 22-carat and 24-carat gold in major Indian cities:

Gold Price in Chennai

24-carat gold: Rs. 1,62,770 per 10 grams

22-carat gold: Rs. 1,49,200 per 10 grams

Gold Rate in Bengaluru

22-carat gold: Rs. 1,48,200 per 10 grams

24-carat gold: Rs. 1,61,680 per 10 grams

Gold Price in Hyderabad

22-carat gold: Rs. 1,48,200 per 10 grams

24-carat gold: Rs. 1,61,680 per 10 grams

Gold Price in Mumbai

22-carat gold: Rs. 1,48,200 per 10 grams

24-carat gold: Rs. 1,61,680 per 10 grams

Spot Gold Price and Spot Silver Rate

According to Trading Economics, "Gold rose slightly to above $4,600 on Friday, extending gains of nearly 2% from the prior session, supported by a decline in oil prices and U.S. dollar depreciation. WTI prices were down more than 3% on Friday morning after Pakistani officials confirmed that Iran had sent an updated peace proposal. At the same time, the dollar index hovered at a two-month low, pressured by a sharp rally in the yen following suspected intervention by Japanese authorities. Still, bullion prices are down almost 15% since the beginning of the war, as energy supply disruptions have heightened inflation concerns, reinforcing expectations that major central banks may keep interest rates elevated for longer or potentially tighten further. Meanwhile, data from the World Gold Council showed that central banks increased their gold reserves in the first quarter