Jump in Gold & Silver Rates Today in India After Sharp Drop: Check Latest 22K, 24K & 18K Gold Prices on 2 May

Gold and silver prices in India opened on a positive note on Saturday, May 02, 2026, recovering after the sharp decline seen a day earlier. While gold registered a modest rebound across 24 Karat (24K), 22 Karat (22K) and 18 Karat (18K) categories, silver prices witnessed a sharp surge.

The rise in bullion rates at the beginning of May is supported by easing global cues, including a decline in oil prices and a weakening U.S. dollar, which boosted overall market sentiment.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 2 May 2026

24 Karat Gold Rate Today in India

On May 02, the price of 24 Karat (24K) gold rose to Rs 15,093 per gram, marking an increase of Rs 33 compared to Friday, May 01, 2026, when it stood at Rs 15,060 after a steep fall of Rs 213. The recovery reflects renewed buying interest after the previous session's correction.

For 8 grams of 24K gold is priced at Rs 1,20,744, up by Rs 264 from Rs 1,20,480, while 10 grams now costs Rs 1,50,930, rising Rs 330 from Rs 1,50,600. On a bulk scale, 100 grams of 24K gold is valued at Rs 15,09,300, registering a gain of Rs 3,300 from the previous day's Rs 15,06,000.

22 Karat Gold Rate Today in India

Similarly, 22 Karat (22K) gold, which is widely used for jewellery, also saw a price increase on Saturday. The rate climbed to Rs 13,835 per gram, up Rs 30 from Rs 13,805 recorded on Friday. Prices for 8 grams rose to Rs 1,10,680 from Rs 1,10,440, showing an increase of Rs 240.

Meanwhile, 10 grams of 22K gold is now priced at Rs 1,38,350, up Rs 300 from Rs 1,38,050. For 100 grams, the price stands at Rs 13,83,500, reflecting a rise of Rs 3,000 compared to Rs 13,80,500 in the previous session.

18 Karat Gold Rate Today in India

The 18 Karat (18K) gold price increased to Rs 11,320 per gram on May 02, up Rs 25 from Rs 11,295 on May 01. For 8 grams, the rate is Rs 90,560, gaining Rs 200 from Rs 90,360, while 10 grams is priced at Rs 1,13,200, up Rs 250 from Rs 1,12,950. On a larger scale, 100 grams of 18K gold now costs Rs 11,32,000, marking an increase of Rs 2,500 from Rs 11,29,500.

Silver Rate Today: Check Latest Silver Prices Per Kg and Gram on May 2, 2026

Silver prices also registered a strong surge, continuing their upward momentum after gains in the previous session. On Saturday, May 02, 2026, the price of silver in India stands at Rs 265 per gram and Rs 2,65,000 per kilogram, witnessing a sharp jump of Rs 10,000 per kg after a rise of Rs 5,000 per kg on Friday.

For smaller quantities, 10 grams of silver is priced at Rs 2,650, up from Rs 2,550, while 100 grams costs Rs 26,500, increasing by Rs 1,000 from Rs 25,500. The steady rise highlights strong demand and supportive global trends in the precious metals segment.

"Gold and silver slipped to one-month lows amid stalled US-Iran talks and the Strait of Hormuz closure, which has severed roughly 20% of global oil supply - the largest supply shock on record per the IEA. Rising energy costs, a stronger dollar, and firm inflation expectations are compounding headwinds for precious metals," said Mr. Prithviraj Kothari, MD at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

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