Gold prices across India saw a significant dip recently, following heightened volatility driven by fluctuations in the US dollar, policy updates from Donald Trump, and key macroeconomic data from the United States. After reaching a record high of ₹99,358 per 10 grams on April 22, 2025, gold prices have fallen by nearly ₹7,000. This drop is attributed to easing trade tensions between the US and its major trade partners, especially China.
Despite market fluctuations, investors continue to rely on precious metals like gold and silver as safe-haven assets, preserving value during uncertain economic periods.
Gold Price Today in India – May 3, 2025
As of 8:40 AM on May 3, 2025, the MCX gold price stood at ₹92,700 per 10 grams. Silver dropped slightly to ₹94.063 per kilogram. According to the Indian Bullion Association (IBA), the following rates were recorded:
- 24-Carat Gold: ₹92,980 per 10 grams
- 22-Carat Gold: ₹85,232 per 10 grams
- Silver (999 Fine): ₹94,130 per kilogram
Here’s a detailed look at gold and silver prices in six major Indian cities:
Gold and Silver Rates in Mumbai – May 3, 2025
- Gold Bullion: ₹92,810 per 10 grams
- MCX Gold: ₹92,700 per 10 grams
- Silver Bullion: ₹93,960 per kilogram
- MCX Silver (999): ₹94,063 per kilogram
Bengaluru
- Gold Bullion: ₹92,890 per 10 grams
- MCX Gold: ₹92,700 per 10 grams
- Silver Bullion: ₹94,030 per kilogram
- MCX Silver (999): ₹94,063 per kilogram
New Delhi
- Gold Bullion: ₹92,650 per 10 grams
- MCX Gold: ₹92,700 per 10 grams
- Silver Bullion: ₹93,800 per kilogram
- MCX Silver (999): ₹94,063 per kilogram
Chennai
- Gold Bullion: ₹93,080 per 10 grams
- MCX Gold: ₹92,700 per 10 grams
- Silver Bullion: ₹94,230 per kilogram
- MCX Silver (999): ₹94,063 per kilogram
Kolkata
- Gold Bullion: ₹92,690 per 10 grams
- MCX Gold: ₹92,700 per 10 grams
- Silver Bullion: ₹93,830 per kilogram
- MCX Silver (999): ₹94,063 per kilogram
Final Thoughts
Though gold prices have dipped from their all-time highs, demand for gold and silver remains steady as investors continue to seek financial safety during uncertain times. Always consult with certified financial advisors before making investment decisions.
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