- Gold, silver prices rise amid geopolitical uncertainty, dollar weakness.
- MCX gold futures climb; silver prices show stronger gains.
- International bullion prices firm; crude oil also higher.
Gold Silver Rate Today:Gold and silver prices traded higher on Thursday, supported by rising crude oil prices, weakness in the US dollar and continued geopolitical uncertainty surrounding the US-Iran negotiations.
On the Multi Commodity Exchange (MCX), gold futures for June 5 delivery climbed 0.49 per cent, or Rs 755, to touch an intraday high of Rs 1,52,887 around 10:49 am. The yellow metal also touched a session low of Rs 1,52,400 earlier in the day.
Silver prices outperformed gold, with MCX July 3 futures surging 1.49 per cent, or Rs 3,790, to Rs 2,57,055 after hitting an intraday high. The white metal had opened the session at Rs 2,54,998, up 0.68 per cent or Rs 1,733, and slipped to an intraday low of Rs 2,54,722.
Commodity market analysts said the near-term outlook for precious metals remains positive, aided by improving investor sentiment and sustained safe-haven demand amid geopolitical risks.
In international markets, bullion prices also remained firm. COMEX gold rose 0.21 per cent to $4,703 per ounce, while silver advanced 1.12 per cent to $78.17 per ounce.
The rally in precious metals has largely been driven by weakness in the dollar index, which remained below the 98 mark. Investors are also closely tracking developments in West Asia, where the US and Iran continue talks aimed at ending the ongoing conflict.
According to reports, the US has asked Iran to halt its nuclear programme and reopen the Strait of Hormuz. Iran’s Foreign Ministry said Tehran would respond to the proposal, while US President Donald Trump stated that he believes Iran is willing to strike a deal.
Adding to the momentum in bullion markets, crude oil prices also moved higher. Brent crude rose 1.21 per cent to $102.50 per barrel, while US West Texas Intermediate (WTI) gained 1.47 per cent to trade at $96.48 per barrel.
Earlier this week, silver prices had already witnessed fresh buying interest amid the West Asia crisis. On Tuesday, silver futures for July delivery on the MCX rose 0.09 per cent to Rs 2.44 lakh per kg, supported by fresh positions built by traders.
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Gold Rates Across Major Cities In India On May 7
Gold Prices in Delhi Today (Per 1 Gram)
24 Karat – 15,239
22 Karat- 13,990
18 Karat- 11,449
Gold Prices in Chennai Today (Per 1 Gram)
24 Karat – 15,383
22 Karat- 14,101
18 Karat- 11,771
Gold Prices in Bengaluru Today (Per 1 Gram)
24 Karat – 15,246
22 Karat- 13,975
18 Karat- 11,434
Gold Prices in Mumbai Today (Per 1 Gram)
24 Karat – 15,246
22 Karat- 13,975
18 Karat- 11,434
Gold Prices in Pune Today (Per 1 Gram)
24 Karat – 15,246
22 Karat- 13,975
18 Karat- 11,434
Gold Prices in Kolkata Today (Per 1 Gram)
24 Karat – 15,246
22 Karat- 13,975
18 Karat- 11,434
Gold Price Today in Major Indian Cities
| City | 24k Gold Per Gram | 22k Gold Per Gram | 18k Gold Per Gram |
| Gold Rate in Hyderabad | 15,246 | 13,975 | 11,434 |
| Gold Rate in Ahmedabad | 15,251 | 13,980 | 11,439 |
| Gold Rate in Indore | 15,251 | 13,980 | 11,439 |
| Gold Rate in Lucknow | 15,239 | 13,990 | 11,449 |
| Gold Rate in Coimbatore | 15,383 | 14,101 | 11,771 |
| Gold Rate in Bhubaneswar | 15,246 | 13,975 | 11,434 |
| Gold Rate in Mysore | 15,246 | 13,975 | 11,434 |
| Gold Rate in Kanpur | 15,239 | 13,990 | 11,449 |
| Gold Rate in Salem | 15,383 | 14,101 | 11,771 |
| Gold Rate in Visakhapatnam | 15,246 | 13,975 | 11,434 |
| Gold Rate in Vijayawada | 15,246 | 13,975 | 11,434 |
| Gold Rate in Patna | 15,251 | 13,980 | 11,439 |
To check Silver price in India today, click here.
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Silver Price Across Major Cities In India On May 7
Silver Price In Delhi Today
The current silver price in Delhi stands at Rs 270 per gram and Rs 270,000 per kg.
Silver Price In Chennai Today
The current silver price in Chennai stands at Rs 275 per gram and Rs 275,000 per kg.
Silver Price In Bengaluru Today
The current silver price in Bengaluru stands at Rs 270 per gram and Rs 270,000 per kg.
Silver Price In Mumbai Today
The current silver price in Mumbai stands at Rs 270 per gram and Rs 270,000 per kg.
Silver Price In Pune Today
The current silver price in Pune stands at Rs 270 per gram and Rs 270,000 per kg.
Silver Price In Kolkata Today
The current silver price in Kolkata stands at Rs 270 per gram and Rs 270,000 per kg.
Silver Price Today in Major Indian Cities
| City | Per Gram | Per KG |
| Silver Rate in Hyderabad | 275 | 275,000 |
| Silver Rate in Ahmedabad | 270 | 270,000 |
| Silver Rate in Indore | 255 | 255,000 |
| Silver Rate in Lucknow | 270 | 270,000 |
| Silver Rate in Coimbatore | 275 | 275,000 |
| Silver Rate in Bhubaneswar | 275 | 275,000 |
| Silver Rate in Mysore | 270 | 270,000 |
| Silver Rate in Kanpur | 270 | 270,000 |
| Silver Rate in Salem | 275 | 275,000 |
| Silver Rate in Visakhapatnam | 275 | 275,000 |
| Silver Rate in Vijayawada | 275 | 275,000 |
| Silver Rate in Patna | 270 | 270,000 |
To check Gold price in India today, click here.
