Gold Price Today 5 May 2025: Talking about silver, it is being sold at Rs 97,900 per kg in Delhi, Kolkata and Mumbai. Silver is Rs 1,08,900 in Chennai.
Gold Price Today: The price of gold is falling during early trade on Monday and 24 carat gold is selling at Rs 95,500 per 10 grams. Similarly, according to the Good Returns website, silver has also slipped by about Rs 100 and is selling at Rs 97,900 per kg. Whereas if we talk about 22 carat gold, it is selling at Rs 87,540.
In Mumbai, Kolkata, Chennai, 24 carat gold is trading at a price of Rs 95,500. Whereas in the national capital Delhi, the price of 24 carat gold is Rs 95,650. In Mumbai, 22 carat gold is being sold at the rate of Rs 87,540, just like Bengaluru, Chennai and Hyderabad. In Delhi, 22 carat gold is trading at Rs 87,690.
falling gold price
Talking about silver, it is being sold at Rs 97,900 per kg in Delhi, Kolkata and Mumbai. In Chennai, silver is being sold at the rate of Rs 1,08,900 per kg. The reason behind the increased price of gold in the international market on Monday is the weakening of the dollar. Along with this, investors are still waiting for more clarity between the US and its trading partner countries as well as the policy of the Federal Reserve Bank coming this week.
Spot gold prices rose 0.2 percent to $3,245.01 per ounce, while US gold futures rose 0.3 percent to $3,252.00 per ounce. The dollar fell by about 0.1 percent against its rival currency, making gold the most suitable investment for those holding other currencies. Spot silver prices also rose 0.1 percent to $32.02 per ounce, while platinum fell 0.5 percent to $954.88.
Still a favorite of investors
It is worth noting that last month the price of gold had crossed Rs 1 lakh. This was the first time when gold had crossed the lakh-rupee mark. However, after that, its price was seen falling rapidly. The reason for this rise in the price of gold was the fear of the turmoil seen in the international market last month among the investors. Investors are considering it the safest for investment. Apart from this, Akshaya Tritiya and the beginning of the wedding season is also a major reason for the demand for gold.
