Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on May 5
In fact, historical data shows that since 1995, gold has beaten inflation by over 2-4 per cent. Last month, on April 22, gold prices also touched ₹ 1 lakh per 10 grams, before slipping on global ease of worries over Donald Trump's tariffs.
Yogesh Kansal, co-founder and CBO of Appreciate told Mint that he suggests 5-15 per cent of an investor's portfolio be gold, another 5-15 per cent in short-term bonds, and the rest in a mix of Indian and international stocks.
So, if you are looking to invest in gold on May 5, check here for the rates for gold and silver in Delhi Mumbai, Bengaluru, Chennai, Hyderabad, and Kolkata.
On May 5, the MCX gold index was ₹ 92,700 per 10 gm, up ₹ 61/10 gms, the official website showed. Meanwhile, MCX Silver prices slumped by ₹ 138/kg, to ₹ 93,151/kg, it showed.
Further, 24-carat gold was priced at ₹ 93,000/10 gm, according to data on the Indian Bullion Association (IBA) at 8 am on May 5. Further, 22-carat gold was priced at ₹ 85,250/10 gms. And, silver prices today are at ₹ 94,140/kg (Silver 999 Fine), as per the IBA website.
As we begin a new month, take a look at how much gold and silver cost in your city today. Check here for prices of the precious metals in your city on May 5 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
First Published: 5 May 2025, 08:11 AM IST
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