Gold prices across key Indian cities saw a rise on May 6, driven by increased spot demand and fluctuating US Dollar rates. The uncertain backdrop of ongoing US-China trade talks and the looming US Federal Reserve policy decision on May 7 has contributed to gold’s upward momentum this week, building on the growth seen in the past year.
The yellow metal continues to be a preferred investment choice for safeguarding portfolios against market volatility. Over the last year, gold prices have surged by 30%, with an impressive 15% compound annual growth rate (CAGR) since 2001. Additionally, gold has outperformed inflation by 2-4% since 1995, according to recent data.
Gold hit a record ₹1 lakh per 10 grams on April 22, 2025, but briefly declined as global concerns eased regarding the effects of US President Donald Trump’s trade policies and tariffs.
Gold and Silver Rates in India – May 6, 2025
As of 9 a.m. on May 6, 2025, the price of gold on the MCX index was ₹95,865 per 10 grams, marking a slight decrease of ₹101 from the previous day. Silver prices saw a substantial increase, rising by ₹2,077 to ₹96,501 per kilogram.
The Indian Bullion Association (IBA) reported the following prices for gold:
24-carat gold: ₹96,220 per 10 grams
22-carat gold: ₹88,202 per 10 grams
Silver 999 Fine: ₹96,520 per kilogram
City-wise Gold and Silver Prices on May 6, 2025
Chennai
Gold Bullion Rate: ₹96,290 per 10 grams
MCX Gold Rate: ₹95,865 per 10 grams
Silver Bullion Rate: ₹96,660 per kilogram
MCX Silver 999 Rate: ₹96,501 per kilogram
Mumbai
Gold Bullion Rate: ₹96,150 per 10 grams
MCX Gold Rate: ₹95,865 per 10 grams
Silver Bullion Rate: ₹96,420 per kilogram
MCX Silver 999 Rate: ₹96,501 per kilogram
Hyderabad
Gold Bullion Rate: ₹96,210 per 10 grams
MCX Gold Rate: ₹95,865 per 10 grams
Silver Bullion Rate: ₹96,630 per kilogram
MCX Silver 999 Rate: ₹96,501 per kilogram
Kolkata
Gold Bullion Rate: ₹96,000 per 10 grams
MCX Gold Rate: ₹95,865 per 10 grams
Silver Bullion Rate: ₹96,390 per kilogram
MCX Silver 999 Rate: ₹96,501 per kilogram
New Delhi
Gold Bullion Rate: ₹95,960 per 10 grams
MCX Gold Rate: ₹95,865 per 10 grams
Silver Bullion Rate: ₹96,350 per kilogram
MCX Silver 999 Rate: ₹96,501 per kilogram
Bengaluru
Gold Bullion Rate: ₹96,200 per 10 grams
MCX Gold Rate: ₹95,865 per 10 grams
Silver Bullion Rate: ₹96,600 per kilogram
MCX Silver 999 Rate: ₹96,501 per kilogram
Conclusion
The persistent demand for gold, combined with global economic uncertainties, continues to push its prices higher. As investors seek stability in a volatile market, gold remains a go-to asset, with price trends showing strong growth over the past year. Silver, too, has seen significant price movements, highlighting its increasing appeal in the current economic climate.
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