- Gold and silver prices fell Monday due to easing US-Iran tensions.
- MCX gold futures declined, trading below Rs 1,51,000 per 10 grams.
- Silver prices also dropped on MCX, extending last week’s weakness.
Gold Silver Rate Today:Gold and silver prices edged lower on Monday, extending recent weakness as signs of easing tensions between the US and Iran reduced safe-haven demand for precious metals.
On the Multi Commodity Exchange (MCX), gold futures for June 5 opened at Rs 1,51,150, down Rs 382 from the previous close of Rs 1,51,532. By around 11.30 am, the yellow metal was trading at Rs 1,50,623, a decline of Rs 729 or 0.48 per cent. During the session, gold touched a low of Rs 1,50,400 and a high of Rs 1,51,347.
Silver prices also remained under pressure. MCX July 3 contracts opened slightly lower at Rs 2,50,699 compared to the previous close of Rs 2,50,937. The metal slipped further to Rs 2,49,600, down Rs 1,337 or 0.53 per cent. Intraday, silver hit a low of Rs 2,49,600 and a high of Rs 2,51,231.
In global markets, the trend remained weak. COMEX gold was down 0.55 per cent at $4,619 per ounce, while silver declined 0.48 per cent to $76.065 per ounce.
Market experts said bullion extended last week’s decline, hovering near one-month lows, as a stronger US dollar and elevated crude oil prices weighed on sentiment. The easing of US-Iran tensions has also reduced the appeal of safe-haven assets.
US President Donald Trump announced plans to assist vessels stranded in the Strait of Hormuz under ‘Project Freedom’, aimed at ensuring safe passage. However, he warned of a strong response if Iran posed any threat.
Meanwhile, crude oil prices also softened, with Brent crude falling 0.61 per cent to $107.51 per barrel and WTI declining 2.77 per cent to $99.11 per barrel.
Analysts expect bullion to remain volatile in the near term, with global cues, currency movements and geopolitical developments continuing to drive price action.
Also Read : Oil Prices Fall Nearly 3% As Hormuz Relief Hopes Emerge, Stay Above $100
Gold Rates Across Major Cities In India On May 4
Gold Prices in Delhi Today (Per 1 Gram)
24 Karat – 15,113
22 Karat- 13,850
18 Karat- 11,350
Gold Prices in Chennai Today (Per 1 Gram)
24 Karat – 15,273
22 Karat- 14,000
18 Karat- 11,680
Gold Prices in Bengaluru Today (Per 1 Gram)
24 Karat – 15,093
22 Karat- 13,835
18 Karat- 11,320
Gold Prices in Mumbai Today (Per 1 Gram)
24 Karat – 15,093
22 Karat- 13,835
18 Karat- 11,320
Gold Prices in Pune Today (Per 1 Gram)
24 Karat – 15,093
22 Karat- 13,835
18 Karat- 11,320
Gold Prices in Kolkata Today (Per 1 Gram)
24 Karat – 15,093
22 Karat- 13,835
18 Karat- 11,320
Gold Price Today in Major Indian Cities
| City | 24k Gold Per Gram | 22k Gold Per Gram | 18k Gold Per Gram |
| Gold Rate in Hyderabad | 15,093 | 13,835 | 11,320 |
| Gold Rate in Ahmedabad | 15,103 | 13,840 | 11,330 |
| Gold Rate in Indore | 15,103 | 13,840 | 11,330 |
| Gold Rate in Lucknow | 15,113 | 13,850 | 11,350 |
| Gold Rate in Coimbatore | 15,273 | 14,000 | 11,680 |
| Gold Rate in Bhubaneswar | 15,093 | 13,835 | 11,320 |
| Gold Rate in Mysore | 15,093 | 13,835 | 11,320 |
| Gold Rate in Kanpur | 15,113 | 13,850 | 11,350 |
| Gold Rate in Salem | 15,273 | 14,000 | 11,680 |
| Gold Rate in Visakhapatnam | 15,093 | 13,835 | 11,320 |
| Gold Rate in Vijayawada | 15,093 | 13,835 | 11,320 |
| Gold Rate in Patna | 15,103 | 13,840 | 11,330 |
To check Silver price in India today, click here.
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Silver Price Across Major Cities In India On May 4
Silver Price In Delhi Today
The current silver price in Delhi stands at Rs 265 per gram and Rs 265,000 per kg.
Silver Price In Chennai Today
The current silver price in Chennai stands at Rs 270 per gram and Rs 270,000 per kg.
Silver Price In Bengaluru Today
The current silver price in Bengaluru stands at Rs 265 per gram and Rs 265,000 per kg.
Silver Price In Mumbai Today
The current silver price in Mumbai stands at Rs 265 per gram and Rs 265,000 per kg.
Silver Price In Pune Today
The current silver price in Pune stands at Rs 265 per gram and Rs 265,000 per kg.
Silver Price In Kolkata Today
The current silver price in Kolkata stands at Rs 265 per gram and Rs 265,000 per kg.
Silver Price Today in Major Indian Cities
| City | Per Gram | Per KG |
| Silver Rate in Hyderabad | 270 | 270,000 |
| Silver Rate in Ahmedabad | 265 | 265,000 |
| Silver Rate in Indore | 265 | 265,000 |
| Silver Rate in Lucknow | 265 | 265,000 |
| Silver Rate in Coimbatore | 270 | 270,000 |
| Silver Rate in Bhubaneswar | 270 | 270,000 |
| Silver Rate in Mysore | 265 | 265,000 |
| Silver Rate in Kanpur | 265 | 265,000 |
| Silver Rate in Salem | 270 | 270,000 |
| Silver Rate in Visakhapatnam | 270 | 270,000 |
| Silver Rate in Vijayawada | 270 | 270,000 |
| Silver Rate in Patna | 265 | 265,000 |
To check Gold price in India today, click here.
