Current Gold Prices in India: Trends and Influencing Factors
Gold Price Update for May 3, 2026
Gold Rate Today (May 3, 2026): On Sunday, May 2, 2026, gold prices in India exhibited significant fluctuations, influenced by global uncertainties and a robust demand for safe-haven assets. As reported by the All India Sarafa Association, the cost of 24-carat gold has surged to Rs 1,54,800 for every 10 grams, taxes included. In contrast, gold futures on the Multi Commodity Exchange (MCX) were priced at Rs 1,51,363 per 10 grams, showing a slight increase from the previous closing of Rs 1,51,352. Fresh statistics from the Indian Bullion and Jewellers Association (IBJA) indicate that the prices for gold per 10 grams are Rs 1,50,263 for 24 carat, Rs 1,49,661 for 23 carat, Rs 1,37,641 for 22 carat, Rs 1,12,697 for 18 carat, and Rs 87,904 for 14 carat. As the bullion markets are closed over the weekend, these rates apply for both Saturday and Sunday.
Gold Rates in Major Cities
| City | 24 Carat Gold Rate (10g) | 22 Carat Gold Rate (10g) | 18 Carat Gold Rate (10g) |
| Delhi | Rs 151230 | Rs 138500 | Rs 113500 |
| Mumbai | Rs 150930 | Rs 138350 | Rs 113200 |
| Kolkata | Rs 150930 | Rs 138350 | Rs 113200 |
| Chennai | Rs 152730 | Rs 140000 | Rs 116800 |
| Patna | Rs 151030 | Rs 138400 | Rs 113300 |
| Lucknow | Rs 151230 | Rs 138500 | Rs 113500 |
| Ayodhya | Rs 151230 | Rs 138500 | Rs 113500 |
| Meerut | Rs 151230 | Rs 138500 | Rs 113500 |
| Kanpur | Rs 151230 | Rs 138500 | Rs 113500 |
| Ghaziabad | Rs 151230 | Rs 138500 | Rs 113500 |
| Noida | Rs 151230 | Rs 138500 | Rs 113500 |
| Gurugram | Rs 151230 | Rs 138500 | Rs 113500 |
| Chandigarh | Rs 151230 | Rs 138500 | Rs 113500 |
| Jaipur | Rs 151130 | Rs 138500 | Rs 113400 |
| Ludhiana | Rs 151230 | Rs 138500 | Rs 113500 |
| Guwahati | Rs 150930 | Rs 138350 | Rs 113200 |
| Indore | Rs 151030 | Rs 138400 | Rs 113300 |
| Vadodara | Rs 151030 | Rs 138400 | Rs 113300 |
| Ahmedabad | Rs 151030 | Rs 138400 | Rs 113300 |
| Surat | Rs 151030 | Rs 138400 | Rs 113300 |
| Nagpur | Rs 150930 | Rs 138350 | Rs 113200 |
| Pune | Rs 150930 | Rs 138350 | Rs 113200 |
| Nashik | Rs 150960 | Rs 138380 | Rs 113230 |
| Bangalore | Rs 150930 | Rs 138350 | Rs 113200 |
| Bhubaneswar | Rs 150930 | Rs 138350 | Rs 113200 |
| Cuttack | Rs 150930 | Rs 138350 | Rs 113200 |
| Raipur | Rs 150930 | Rs 138350 | Rs 113200 |
| Hyderabad | Rs 150930 | Rs 138350 | Rs 113200 |
| Kerala | Rs 150930 | Rs 138350 | Rs 113200 |
Factors Influencing Gold Price Increases
Recently, gold experienced a significant increase during the last trading session. In Delhi's bullion market, the price of 24-carat gold rose by Rs 2,000, or 1.31%, reaching Rs 1,54,800 per 10 grams, compared to Rs 1,52,800 earlier. On a global scale, gold prices also saw an uptick, climbing by $91.80 (2.02%) to $4,635.52 per ounce. Futures markets reflected this trend, with MCX June contracts increasing by Rs 1,791 (1.2%) to Rs 1,50,841 per 10 grams. In New York's Comex, June gold futures rose by $72.41 (1.59%) to $4,633.91 per ounce. Analysts attribute this surge to several factors, including a weaker US dollar, falling bond yields, and ongoing geopolitical tensions in West Asia. Additionally, sustained buying interest at lower price levels has contributed to the support of gold prices. Experts also note that the US Federal Reserve's decision to maintain interest rates has enhanced gold's attractiveness. With ongoing global uncertainties, more investors are turning to gold as a secure investment option.