KKN Gurugram Desk | Gold and silver prices in India continue to show volatility amid global economic cues and domestic market factors. As of Friday, May 9, 2025, the gold rate has dropped by ₹1,250 per 10 grams, while silver remains unchanged.
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If you’re planning to invest in gold or silver this May, here’s everything you need to know — including city-wise pricing, hallmark purity details, and expert commentary on market trends.
Latest Gold Price in India (May 9, 2025)
According to data from top bullion associations and sarafa markets across India:
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24 Carat Gold: ₹98,500 per 10 grams
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22 Carat Gold: ₹90,300 per 10 grams
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18 Carat Gold: ₹73,890 per 10 grams
Despite today’s drop, gold prices remain high — nearing the ₹98,000 to ₹99,000 range in most metros. Here’s a city-wise breakdown:
City-Wise Gold Rates in India (Per 10 Grams)
24 Carat Gold Rate:
| City | 24K Rate (₹) |
|---|---|
| Delhi | 98,500 |
| Mumbai | 98,350 |
| Kolkata | 98,350 |
| Chennai | 98,350 |
| Jaipur | 98,500 |
| Hyderabad | 98,350 |
| Bengaluru | 98,350 |
| Indore & Bhopal | 98,400 |
| Chandigarh | 98,500 |
22 Carat Gold Rate:
| City | 22K Rate (₹) |
|---|---|
| Delhi | 90,300 |
| Mumbai | 90,150 |
| Kolkata | 90,150 |
| Hyderabad | 90,150 |
| Indore & Bhopal | 90,200 |
| Jaipur | 90,300 |
| Chennai | 90,350 |
| Lucknow | 90,300 |
18 Carat Gold Rate:
| City | 18K Rate (₹) |
|---|---|
| Delhi | 73,890 |
| Mumbai | 73,760 |
| Indore & Bhopal | 73,800 |
| Chennai | 74,350 |
Silver Price Today (May 9, 2025)
Unlike gold, silver prices remain steady. As of today, the standard rate for 1 kg of silver is ₹99,000 in most parts of India, with some southern cities quoting a premium.
City-Wise Silver Price (1 Kilogram)
| City | Silver Rate (₹) |
|---|---|
| Delhi | 99,000 |
| Mumbai | 99,000 |
| Jaipur | 99,000 |
| Kolkata | 99,000 |
| Lucknow | 99,000 |
| Ahmedabad | 99,000 |
| Hyderabad | 1,11,000 |
| Chennai | 1,11,000 |
| Kerala & Madurai | 1,11,000 |
| Indore & Bhopal | 99,000 |
Why Are Gold Prices Fluctuating?
Gold is considered a safe-haven asset, and its price is influenced by several factors including:
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International Market Trends (U.S. dollar strength, oil prices, global inflation)
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Central Bank Decisions (interest rate changes)
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Local Demand and Supply (especially during festivals and wedding seasons)
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Geopolitical Uncertainties (wars, elections, etc.)
In May 2025, prices are reacting to international economic trends, anticipation of interest rate cuts, and upcoming Indian festivals boosting demand.
How to Check the Purity of Gold Before Buying
Before investing, it’s crucial to confirm the purity of gold. Here’s how:
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Look for the BIS Hallmark:
Issued by the Bureau of Indian Standards (BIS), this is the most reliable indicator. -
Understand the Hallmark Numbers:
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24 Carat – Marked as 999 (99.9% pure)
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22 Carat – Marked as 916 (91.6% pure)
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21 Carat – Marked as 875
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18 Carat – Marked as 750
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Check for the Jeweler’s Identification Mark and Year of Certification
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Use a Gold Purity Testing Machine at the store for real-time verification.
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Invoice Clarity: Ensure the receipt mentions the purity, weight, and price breakdown.
Difference Between 24K, 22K, and 18K Gold
| Karat | Purity | Composition | Usage |
|---|---|---|---|
| 24K | 99.9% | Pure gold | Coins, bars (no jewellery) |
| 22K | ~91.6% | Gold mixed with other metals (copper, zinc) | Common for jewellery |
| 18K | 75% | Gold + 25% alloy | Diamond-studded ornaments |
Is It the Right Time to Buy Gold or Silver?
Gold:
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With a dip of ₹1,250, gold buyers may consider this an entry point.
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Suitable for long-term investments and diversification.
Silver:
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Prices remain high in the south due to supply constraints.
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Industrial demand, especially in electronics and solar, may drive prices higher.
Experts advise buyers to monitor international cues and invest in staggered amounts rather than lump sums.
Safe Practices While Buying Precious Metals
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Buy only from BIS-certified jewelers
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Request a purity certificate
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Keep receipts and invoices safe for resale or exchange
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Check live prices from trusted sources before buying
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Avoid unverified online sources or social media offers
Gold & Silver Outlook for May 2025
Industry analysts expect continued volatility through May due to:
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Global inflation uncertainties
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Anticipation of US Fed interest rate decisions
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Domestic wedding season increasing demand
Whether you’re buying gold for a wedding, investment, or festive occasion, staying informed about daily price fluctuations is essential. On May 9, 2025, gold saw a dip, making it a potentially favorable day for buyers. Silver prices held steady, though some southern markets show significant premiums.
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