Gold rate today opened on a cautious note for Monday, 5 May 2025, with most Indian jewellers quoting slightly lower prices than last Friday’s close. Because live retail quotes are published only after 9:30 AM IST, the numbers below use the last available data from the evening of 4 May plus the first global trades of the Asian session. They give an early sense of direction for buyers who track bullion before markets open.
| City | 24 K gold (₹/10 g) | 22 K gold (₹/10 g) |
|---|---|---|
| Delhi | 95,410 | 87,420 |
| Mumbai | 95,250 | 87,300 |
| Chennai | 95,720 | 87,600 |
| Bengaluru | 95,250 | 87,300 |
| Hyderabad | 95,250 | 87,300 |
| Kolkata | 95,380 | 87,350 |
Indicative prices use last confirmed retail quotes from 4 May. Final 5 May prices will be updated by jeweller associations after 9:30 AM IST. Figures already include basic making charges.
Global cues influencing gold rate today
- Dollar strength – The US Dollar Index edged up to 103.2 in early Asian trading after robust US payroll data. A stronger dollar usually presses gold lower because foreign buyers need more local currency to purchase the metal.
- Stable US bond yields – Ten-year Treasury yields held near 4.53 percent. Yield stability removes some urgency for safe-haven gold flows.
- Federal Reserve meeting this week – Traders prefer to sit on the sidelines until Wednesday’s FOMC statement. Any hint of a rate cut delay could add resistance to gold prices.
- Central bank demand – The World Gold Council reported 290 tonnes of central bank buying in Q1 2025, the third highest quarter on record. Institutional accumulation continues to offer a floor for prices.
Domestic drivers to watch
Wedding season purchases – May is one of the busiest months for Indian weddings, and jewellers in Delhi’s Karol Bagh and Mumbai’s Zaveri Bazaar say advance bookings made during April’s Akshaya Tritiya festival are now being delivered. While retail footfall dipped slightly over the weekend, volume remains healthy for bridal ornaments.
Physical versus paper gold – April saw modest outflows from gold exchange traded funds as some investors booked profits after domestic futures hit an all-time high of ₹96 200. Physical demand, however, is holding steady, indicating that households still see jewellery as a long term store of value.
Rupee factor – The rupee traded at 83.18 per US dollar in late deals on 4 May. If the currency weakens, imported bullion becomes more expensive even when global prices remain flat. Conversely, any rupee strength would cushion domestic buyers from international volatility.
Technical outlook and price levels
On the Multi Commodity Exchange, June gold futures closed at ₹95,530 per 10 grams on Friday. Chart analysts identify immediate support at ₹94,800 and secondary support at ₹93,900. Resistance stands at ₹96,500 followed by ₹97,200. Given the tight range, many short term traders are expected to adopt a wait and watch approach until after the Fed decision.
Investment tips for 5 May 2025
- Long term investors – Continue systematic purchases through Sovereign Gold Bonds or monthly digital gold plans. Averaging cost over time reduces the impact of short spikes.
- Short term traders – Maintain tight stop losses. Key data releases in the United States and Europe can spark intraday swings of two hundred rupees per 10 grams.
- Jewellery shoppers – If you are buying for an upcoming wedding, today’s slight dip could be an opportunity. Always check for BIS hallmark and ask for a GST invoice.
Silver snapshot
Silver followed gold lower in overnight futures trade. MCX May silver contracts were last seen near ₹1,13,300 per kilogram, about ₹150 down from Friday. Industrial demand remains firm, but profit taking is evident after last week’s rally.
Bottom line
Gold rate today in India is marginally softer, reflecting a stronger dollar and pre-Fed caution. Underlying support from wedding demand, central bank purchases, and inflation hedging remains intact. Prices may consolidate in the ₹94 800 – ₹96 500 band until a clear policy signal or new geopolitical trigger shifts sentiment. Investors should track rupee movement and US economic releases for the next decisive move.
Sources
World Gold Council
Multi Commodity Exchange
Goodreturns
Reuters