Gold Price Update: Over the past few weeks, the demand for gold has surged significantly, pushing prices to record highs. While fluctuations in gold and silver rates are common, investors and buyers are advised to stay informed about the latest price trends before making any purchases.
As of today, Friday, May 2, 2025, gold prices in India have witnessed a slight dip after recently crossing the ₹1 lakh mark.
Current Gold and Silver Prices in India – May 2, 2025According to the India Bullion and Jewellers Association (IBJA), here are the latest national-level bullion rates:
Gold Prices (per 10 grams):-
24 Carat (999 purity): ₹93,393
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23 Carat (995 purity): ₹93,019
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22 Carat (916 purity): ₹84,448
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18 Carat (750 purity): ₹70,045
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14 Carat (585 purity): ₹54,635
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999 purity silver: ₹94,200
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Gold rates remain above ₹93,000 for 24K gold.
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Silver prices have also seen an upward trend, crossing ₹94,000 per kg.
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After crossing ₹1 lakh recently, gold has seen a minor correction in price.
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These rates are issued by IBJA and are uniform across the country, excluding GST and making charges.
The above-mentioned rates do not include GST or making charges. If you're planning to buy gold jewellery:
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3% GST is levied on the final bill.
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Making charges vary by jeweller and are taxed separately.
Gold continues to be a preferred investment option in India, especially in times of economic uncertainty. With the price of 24K gold hovering around ₹93,000 per 10 grams, it's crucial for buyers and investors to track the market closely. Whether you're buying jewellery or investing in gold bars or coins, staying updated with real-time rates helps you make smarter financial decisions.
Would you like a visual comparison chart of current gold rates by purity?
