Current Gold and Silver Prices in Major Indian Cities - May 7
Gold, Silver Rate Today May 7: Gold prices crashes or rebound? Check 18, 22, 24 carat Gold prices in Chennai, Mumbai, Delhi, Kolkata
India
Image: India
On May 7, gold prices in India show fluctuations influenced by global market uncertainties, with rates varying across major cities. In New Delhi, 24K gold is priced at ₹15,229 per gram, while silver is at ₹265.10 per gram. The ongoing Israel-US conflict continues to impact market dynamics.
- 01Gold prices in New Delhi are ₹15,229 for 24K gold per gram.
- 02Silver prices are currently ₹265.10 per gram in India.
- 03Prices vary significantly across cities like Chennai, Mumbai, and Kolkata.
- 04The ongoing Israel-US conflict is causing fluctuations in gold prices.
- 05Market dynamics are influenced by both global factors and local consumption.
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As of May 7, gold prices in India are experiencing fluctuations due to global market uncertainties, particularly the ongoing Israel-US conflict. In New Delhi, the price for 24K gold is ₹15,229 per gram, while in Chennai, it stands at ₹15,383 per gram. Other cities like Mumbai and Kolkata report similar rates of ₹15,214 per gram for 24K gold. The prices for 22K gold are ₹13,961 in New Delhi and ₹14,101 in Chennai, while 18K gold is priced at ₹11,430 and ₹11,771 respectively. Silver prices are also notable, with a current rate of ₹265.10 per gram across India. The fluctuations in gold and silver prices are largely influenced by global market trends, including the strength of the US dollar and local demand for jewelry, especially during festive seasons.
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The fluctuations in gold and silver prices can affect consumers, especially those looking to invest in jewelry or precious metals during festive seasons.
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