Gold prices in India moved higher on May 7, 2026, continuing the strong upward trend seen over the past few sessions. Investors across the world are turning toward gold as tensions in the Middle East remain high. Concerns around the Israel-US-Iran situation, combined with uncertainty in global financial markets, have increased demand for precious metals.
As of 2:43 PM IST, most major Indian cities recorded a noticeable rise in gold prices. Chennai once again remained the most expensive market for gold buyers, with 24K gold touching Rs 15,383 per gram. In cities like Delhi, Patna, Jaipur and Lucknow, prices hovered around Rs 15,229 per gram for 24K purity.
Meanwhile, the Multi Commodity Exchange (MCX) also witnessed strong momentum. Gold futures surged above Rs 1.52 lakh per 10 grams during intraday trade, reflecting positive global sentiment and safe-haven buying.
| City | 24K (per gram) | 22K (per gram) | 18K (per gram) |
|---|---|---|---|
| Delhi | Rs 15,229 | Rs 13,961 | Rs 11,430 |
| Mumbai | Rs 15,214 | Rs 13,946 | Rs 11,415 |
| Chennai | Rs 15,383 | Rs 14,101 | Rs 11,771 |
| Kolkata | Rs 15,214 | Rs 13,946 | Rs 11,415 |
| Bangalore | Rs 15,214 | Rs 13,946 | Rs 11,415 |
| Hyderabad | Rs 15,214 | Rs 13,946 | Rs 11,415 |
| Kerala | Rs 15,214 | Rs 13,946 | Rs 11,415 |
| Pune | Rs 15,214 | Rs 13,946 | Rs 11,415 |
| Ahmedabad | Rs 15,229 | Rs 13,961 | Rs 11,430 |
| Jaipur | Rs 15,229 | Rs 13,961 | Rs 11,430 |
| Lucknow | Rs 15,229 | Rs 13,961 | Rs 11,430 |
| Patna | Rs 15,229 | Rs 13,961 | Rs 11,430 |
| Bhopal | Rs 15,229 | Rs 13,961 | Rs 11,430 |
Gold Rate per 10 Grams Today
| Purity | Rate per Gram | Rate per 10 Grams |
|---|---|---|
| 24K Gold | Rs 15,214 | Rs 1,52,140 |
| 22K Gold | Rs 13,946 | Rs 1,39,460 |
| 18K Gold | Rs 11,415 | Rs 1,14,150 |
Why Gold Prices Are Rising Today
The recent jump in gold prices is mainly linked to rising geopolitical uncertainty and global market volatility. Whenever international tensions increase, investors generally move their money toward safer assets like gold and silver.
At the same time, fluctuations in the US dollar, inflation concerns and crude oil price movements are also influencing bullion markets. Experts believe that as long as uncertainty remains in global markets, gold may continue to stay strong.
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Another important reason behind rising prices is strong buying interest from both retail investors and central banks worldwide. Many investors are treating gold as a safer long-term asset during uncertain times.
MCX Gold and International Market Update
On MCX, gold futures opened near Rs 1,52,000 per 10 grams and later climbed to an intraday high of Rs 1,52,450. By afternoon trade, gold was up nearly 1.78 percent from the previous session.
In the international market, COMEX gold was trading around $4,728 per ounce, showing steady gains due to increased global demand.
Silver Rate Today May 7, 2026
Silver prices also witnessed a strong rally in the domestic bullion market. The metal climbed close to Rs 2,65,100 per kilogram, while per gram silver rates hovered around Rs 265.
Compared to gold, silver remains a more affordable option for small investors and jewellery buyers. Market experts say silver could also remain volatile in the coming days depending on global economic developments.
Things to Know Before Buying Gold
If you are planning to buy gold jewellery today, remember that the prices mentioned above are indicative market rates and may vary slightly from one jeweller to another.
Jewellers also add making charges, GST and other taxes to the final bill. Making charges usually range between 5 percent and 25 percent depending on the jewellery design and brand.
Always check for the BIS Hallmark before purchasing gold jewellery. For 22K gold ornaments, look for the BIS 916 hallmark certification to ensure purity and authenticity.
FAQs
Q1. What is the gold rate today in Delhi and Mumbai?
In Delhi, 24K gold is priced at Rs 15,229 per gram, while in Mumbai it is trading at Rs 15,214 per gram.
Q2. Why are gold prices higher in Chennai?
Chennai usually records slightly higher gold prices due to strong local demand, transportation costs and regional pricing differences in the bullion market.
Q3. Is this the right time to invest in gold?
Gold prices are currently trading at elevated levels because of global uncertainty. Long-term investors may still consider options like Gold ETFs, Digital Gold or Sovereign Gold Bonds after proper financial planning.
