Gold Price Today: Gold rates jump by ₹330 as Middle East tensions rise. Check 24K and 22K gold prices in Delhi, Mumbai, and Chennai for May 2, 2026.
The bullion market in India is witnessing a significant upward trend as geopolitical uncertainties continue to impact global trade. On May 02, 2026, the Gold Price Today saw a notable jump, reflecting the volatility caused by ongoing conflicts in the Middle East. For investors and buyers keeping a close watch on precious metals, the surge comes as a reminder of gold’s status as a safe-haven asset during times of global crisis.
Significant Jump in Gold and Silver Rates
Over the last 24 hours, gold prices across the country have climbed steadily. The Gold Price Today for 24-carat gold increased by Rs 330, bringing the rate to Rs 1,50,930 per 10 grams. Similarly, 22-carat gold, which is widely used for jewelry making, rose by Rs 300, reaching Rs 1,38,350 per 10 grams.
Even 18-carat gold did not remain untouched by the hike. It recorded an increase of Rs 250, with the current rate standing at Rs 1,13,200 per 10 grams.
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City-Wise Breakdown of Gold Price Today
While the national average shows a sharp climb, the Gold Price Today varies slightly across major metropolitan hubs due to local taxes and octroi.
Delhi: The national capital recorded a high of Rs 1,51,230 for 24-carat gold and Rs 1,38,500 for 22-carat gold.
Mumbai & Kolkata: Both financial and cultural hubs saw the Gold Price Today settle at Rs 1,50,930 for 24-carat and Rs 1,38,350 for 22-carat gold.
Chennai: As is often the case, Chennai remains the most expensive market, with 24-carat gold priced at Rs 1,52,730.
Bhubaneswar: In Odisha’s capital, the rate mirrored the national trend, costing Rs 1,50,930 for 24-carat gold.
Silver Prices Skyrocket
It isn’t just gold that is making headlines; silver has outpaced the yellow metal in terms of percentage growth. The silver rate in India surged by a massive Rs 10,000 in just 24 hours. As of Saturday, May 02, 2026, silver is trading at Rs 2,65,000 per kilogram. In specific markets like Bhubaneswar, the price hit a staggering Rs 2,70,000 per kilogram, marking a local increase of Rs 5,000.
Why are Prices Rising?
The primary driver behind the hike in the Gold Price Today is the escalating tension in the Middle East. War-like situations often lead to a “flight to safety,” where investors pull money out of risky stock markets and pour it into gold. Additionally, the weakening of the rupee against the dollar has made imports costlier, further inflating the domestic Gold Price Today.
Future Outlook for Buyers
Market analysts suggest that as long as geopolitical instability remains, the Gold Price Today may continue its upward trajectory. For those planning weddings or long-term investments, experts advise monitoring the market closely, as any signs of de-escalation in global conflicts could lead to a temporary cooling of prices.
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