Gold prices in India showed a marginal dip on May 6, 2025, amid increased investor interest and global macroeconomic uncertainty. On the Multi Commodity Exchange (MCX), gold traded at ₹95,865 per 10 grams, down ₹101 from the previous session. Silver, meanwhile, surged sharply by ₹2,077 to ₹96,501 per kg.
The Indian Bullion Association (IBA) reported 24-carat gold at ₹96,220/10 gm and 22-carat at ₹88,202/10 gm. The price movement follows a strong uptick last month, when gold touched ₹1 lakh per 10 gm amid global tensions linked to U.S. tariffs and policy uncertainty.
Gold has delivered an impressive 30% YoY return and a 15% CAGR since 2001, consistently outperforming inflation by 2-4% over the long term.
City-wise Gold and Silver Prices (May 6)
| City | Gold (24K) | Silver (kg) |
|---|---|---|
| Chennai | ₹96,290 | ₹96,660 |
| Mumbai | ₹96,150 | ₹96,420 |
| Hyderabad | ₹96,210 | ₹96,630 |
| Kolkata | ₹96,000 | ₹96,390 |
| New Delhi | ₹95,960 | ₹96,350 |
| Bengaluru | ₹96,200 | ₹96,600 |
The sustained demand for precious metals, along with volatile equity markets and a softening U.S. dollar, continue to make gold a preferred safe-haven asset ahead of the U.S. Federal Reserve’s policy decision on May 7.
