Gold Rate in India Falls Below Rs 1.5 Lakh; Silver Down Too; Will 24K, 22K, 18K Rebound Today? May 5 Outlook

Gold Rate in India: Gold prices across 24 karat, 22 karat, and 18 karat categories declined on Monday, May 4, amid rising energy prices driven by escalating tensions in West Asia. Silver prices in India also edged lower in the previous session. As investors gear up for the next trading day, here's a look at how gold and silver prices are expected to trend on Tuesday, May 5.

Gold Rate in India

The price of 24 karat gold in India remained below Rs 1.5 lakh/10 gram on Monday. The rate of 24 karat gold in India stood at Rs 14962 per gram and at Rs 149620 per 10 gram. The rate of 22 karat gold in India declined to Rs 13715 per gram and at Rs 137150 per 10 gram.

Silver Rate in India

The price of silver in India remained stable on Monday. Silver rate in India stood at Rs 26,490 per gram and at Rs 2,64,900 per kilogram. Silver rate in India saw a sharp volatility in February and March.

International Gold Price

Gold prices hovered near 4,500 USD per troy ounce on 5 May 2026, after a sharp fall of almost 2% in the previous session, as per Trading Economics data. The data showed gold at 4,539.41 USD/t.oz on 5 May 2026, up 0.36% from 4,523.19 USD/t.oz a day earlier. Over the past month, the metal slipped 2.40%, yet prices remained 33.48% higher than one year earlier, based on contracts for difference that track the main market benchmark.

Gold Price Outlook For May 5

Gold rate in India today is likely to see a range-bound movement on Tuesday. The precious metal may see some downward presure as US-Iran ceasefire remains uncertain. In the long-term, commodity prices are likely to be driven by geopolitical tensions, central banks buying, US Dollar movement and Indian Rupee's performance.

"The broader outlook remains mixed, as geopolitical developments and central bank policy expectations continue to drive volatility, with commodities likely to stay range-bound in the near term," explained Gaurav Garg, research analyst at Lemonn markets desk.

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