KKN Gurugram Desk | Gold and silver prices in India continue to show volatility amid global economic cues and domestic market factors. As of Friday, May 9, 2025, the gold rate has dropped by ₹1,250 per 10 grams, while silver remains unchanged.
If you’re planning to invest in gold or silver this May, here’s everything you need to know — including city-wise pricing, hallmark purity details, and expert commentary on market trends.
According to data from top bullion associations and sarafa markets across India:
24 Carat Gold: ₹98,500 per 10 grams
22 Carat Gold: ₹90,300 per 10 grams
18 Carat Gold: ₹73,890 per 10 grams
Despite today’s drop, gold prices remain high — nearing the ₹98,000 to ₹99,000 range in most metros. Here’s a city-wise breakdown:
| City | 24K Rate (₹) |
|---|---|
| Delhi | 98,500 |
| Mumbai | 98,350 |
| Kolkata | 98,350 |
| Chennai | 98,350 |
| Jaipur | 98,500 |
| Hyderabad | 98,350 |
| Bengaluru | 98,350 |
| Indore & Bhopal | 98,400 |
| Chandigarh | 98,500 |
| City | 22K Rate (₹) |
|---|---|
| Delhi | 90,300 |
| Mumbai | 90,150 |
| Kolkata | 90,150 |
| Hyderabad | 90,150 |
| Indore & Bhopal | 90,200 |
| Jaipur | 90,300 |
| Chennai | 90,350 |
| Lucknow | 90,300 |
| City | 18K Rate (₹) |
|---|---|
| Delhi | 73,890 |
| Mumbai | 73,760 |
| Indore & Bhopal | 73,800 |
| Chennai | 74,350 |
Unlike gold, silver prices remain steady. As of today, the standard rate for 1 kg of silver is ₹99,000 in most parts of India, with some southern cities quoting a premium.
| City | Silver Rate (₹) |
|---|---|
| Delhi | 99,000 |
| Mumbai | 99,000 |
| Jaipur | 99,000 |
| Kolkata | 99,000 |
| Lucknow | 99,000 |
| Ahmedabad | 99,000 |
| Hyderabad | 1,11,000 |
| Chennai | 1,11,000 |
| Kerala & Madurai | 1,11,000 |
| Indore & Bhopal | 99,000 |
Gold is considered a safe-haven asset, and its price is influenced by several factors including:
International Market Trends (U.S. dollar strength, oil prices, global inflation)
Central Bank Decisions (interest rate changes)
Local Demand and Supply (especially during festivals and wedding seasons)
Geopolitical Uncertainties (wars, elections, etc.)
In May 2025, prices are reacting to international economic trends, anticipation of interest rate cuts, and upcoming Indian festivals boosting demand.
Before investing, it’s crucial to confirm the purity of gold. Here’s how:
Look for the BIS Hallmark:
Issued by the Bureau of Indian Standards (BIS), this is the most reliable indicator.
Understand the Hallmark Numbers:
24 Carat – Marked as 999 (99.9% pure)
22 Carat – Marked as 916 (91.6% pure)
21 Carat – Marked as 875
18 Carat – Marked as 750
Check for the Jeweler’s Identification Mark and Year of Certification
Use a Gold Purity Testing Machine at the store for real-time verification.
Invoice Clarity: Ensure the receipt mentions the purity, weight, and price breakdown.
| Karat | Purity | Composition | Usage |
|---|---|---|---|
| 24K | 99.9% | Pure gold | Coins, bars (no jewellery) |
| 22K | ~91.6% | Gold mixed with other metals (copper, zinc) | Common for jewellery |
| 18K | 75% | Gold + 25% alloy | Diamond-studded ornaments |
With a dip of ₹1,250, gold buyers may consider this an entry point.
Suitable for long-term investments and diversification.
Prices remain high in the south due to supply constraints.
Industrial demand, especially in electronics and solar, may drive prices higher.
Experts advise buyers to monitor international cues and invest in staggered amounts rather than lump sums.
Buy only from BIS-certified jewelers
Request a purity certificate
Keep receipts and invoices safe for resale or exchange
Check live prices from trusted sources before buying
Avoid unverified online sources or social media offers
Industry analysts expect continued volatility through May due to:
Global inflation uncertainties
Anticipation of US Fed interest rate decisions
Domestic wedding season increasing demand
Whether you’re buying gold for a wedding, investment, or festive occasion, staying informed about daily price fluctuations is essential. On May 9, 2025, gold saw a dip, making it a potentially favorable day for buyers. Silver prices held steady, though some southern markets show significant premiums.
This post was published on May 9, 2025 15:00
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