Gold Price in India: On Monday 04 May 2026 a decline was observed in the Price of 24 Carat, 22 Carat and 18 Carat Gold amidst a sharp surge in domestic energy Price, driven by rising tension in Asia. In the Previous Trading Session, a slight softening was also noted in silver price acros India. Let us take a look at how the Market trend for gold and Silver price is Expected to Unfold on Tuesday May 5, 2026.
Gold Prices in India
On Monday the Price of 24 Carat gold in India remained below the ₹1.5 Lakh Mark per 10 gram. The rate for 24 Carat gold in India stood at ₹14,960 per gram and ₹1,49,600 per 10 gram. Meanwhile, the Price of 22 Carat gold in India dipped to ₹13,710 Per gram and is Currently Trading at ₹1,37,100 per 10 gram.
Silver Rates in India
On Monday Silver Price in India remained Stable. The Price of Silver in India stood at ₹26,485 per 100 gram and ₹2,64,850 Per kilogram. Significant fluctuation were observed in Silver rate in India during the month of Feb and March.
International Gold Price
According to data from Trading Economics gold price hovered around $4,500 USD Per troy ounce on May 5, 2026, this followed a Substantial decline of approximately 2% observed in the previous market session. Market data indicated that on May 05, 2026, the Price of gold was $4,539.41 USD/t.oz an increase of 0.36% Compared to the Previou day rate of $4,523.19 USD/t.oz. Over the Past Month, the Price of this Metal witnessed a decline of 2.40%; nevertheles according to Contract for Difference (CFDs) based on key Market benchmark gold Price remained 33.48% Higher Compared to Level seen a Year ago.
Gold Price Forecast for May 05, 2026
In India, gold rate on Tuesday are likely to Experience Market fluctuation within a Limited range. Gold price may face downward Pressure as the Prospect of a ceasefire between the United States and Iran remain Uncertain. From a long-term Perspective, Gold Price are Primarily driven by Geopolitical tension, Gold Purchases by global Central bank the Value of the US Dollar and the relative strength of the Indian Rupee against the dollar.
Gaurav Garg a Research Analyst at the (Lemon Markets Desk) stated: The broader outlook remains Mixed. Geopolitical Development in Asia along with Expectation regarding Central Bank Policies are fueling Volatility in Gold Price Consequently, the Price of this Commodity Metal is expected to Trade within a Limited range in the near Future.
