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Gold Prices Steady In India, May 3: Will Gold Fall Or Rise Next Week?

Gold Price Rises In India, May 22: 22K/100 Grams Gold Rallies 3.04% In 2-Days

Gold price today held steady in India amid declining trade tensions between US-China and robust job report kept prices pressured. 24K gold price today in the country is hovering at Rs 95,510/10 grams and 24k/100 grams prices stood at Rs 9,55,100 as prices did not witness any change on May 3, 2025. 22k gold price today stood flat at Rs 87,550/10 grams and 22k/100 grams precious metal rates stood at Rs 8,75,500 on Saturday.

18k gold price today are retailing at Rs 71,640/10 grams and 18k/100 grams yellow metal rates stood at Rs 7,16,400 as prices remained flat on May 03, 2025. 24k per gram gold price stood steady at Rs 9,551, 22k per gram gold remained unchanged at Rs 8,755, and 18k per gram yellow metal rate stayed flat at Rs 7,164 on Saturday.

Gold Price Steady In India, May 3: Will Gold Rate Fall Or Rise Next Week?

How Much Gold Prices Declined In Last 3-Days? Gold prices have been falling since April 30, 2025 and prices remained stable today. In last 3-days, gold prices plunged by Rs 2250 amid easing US-China trade tensions and strong dollar.

Will Gold Prices Fall Or Rise Next Week?

According to Reuters report, β€œ”With safe-haven demand softening, prices could ease back even more and potentially break this week’s support near the $3,200 area,” said Fawad Razaqzada, market analyst at City Index and FOREX.com.

On the other hand, Sugandha Sachdeva, Founder of SS WealthStreet said, β€œDespite recent declines, gold prices appear to be finding support near $3,200 per ounce and β‚Ή91,700 per 10 grams. This support is underpinned by growing concerns over the US economy, which contracted by 0.3% in Q1 2025, a sharp contrast to the previous quarter’s 2.4% growth. Additionally, the PCE price index for March remained flat, potentially opening the door for the Federal Reserve to consider rate cuts in its upcoming June and July meetings, which could act as a tailwind for gold.”

Meanwhile, Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said, β€œThe lack of clarity and shifting stances from the US on ongoing trade discussions has led market participants to unwind short positions in gold, providing fresh upside momentum. With trade talks showing little concrete progress, safe-haven interest is returning gradually. Volatility is expected to remain elevated, with gold likely to trade in a broad range of Rs 92,000–Rs 94,500 in the coming sessions.”

Spot Gold Price Today

Spot gold slipped 0.4% at $3,228.50 an ounce as of 1:41 p.m. ET (1741 GMT). Spot silver slid 1.3% to $31.98 an ounce, platinum surged 0.1% to $959.20 and palladium gained 0.6% to $946.18. All three metals were on track for weekly declines, added the Reuters report.

22k Gold Price In Last 5-Days In India (for 1 gram)

22k per gram gold price today stood unchanged, fell by Rs 20 on May 2, slipped steeply by Rs 200 on May 1, declined by Rs 5 on April 30, and rallied by Rs 40 on April 29..

Silver Prices Today In India

Silver prices continued to remain unchanged for 2nd consecutive day in India on May 3, 2025. 1 kg silver rates on May 3, 2025 retailed at Rs 98,000. Meanwhile, 100 grams silver rates stood flat on Saturday at Rs 9,800.

Silver Prices In Last 5-Days In India (1kg)

Silver prices remained flat on May 3, May 2, plunged by Rs 2000 on May 1, fell by Rs 500 on April 30, and stood flat on April 29.

Where Gold Prices Are Cheapest In World On May 03, 2025?

22k per gram yellow metal rates are lowest in England on May 03, 2025 at Rs 8,084 followed by Kuwait at Rs 8,188. On the other hand, 22k per gram precious metal rates stood highest in Nepal at Rs 9040 followed by Malaysia at Rs 8,736.

1 Gram Gold Rate In Key Metro Cities And States Of India On May 3, 2025

City 22K Gold Price Per Gram
Chennai Gold Price Today 22K gold rate is Rs 8,755
Mumbai Gold Price Today 22K gold price is Rs 8,755
Delhi Gold Rate Today 22K yellow metal price is Rs 8,770
Kolkata Gold Price Today 22K gold price is Rs 8,755
Bangalore Gold Price Today 22K gold rate is Rs 8,755
Hyderabad Gold Prices Today 22K gold rate is Rs 8,755
Kerala Gold Prices Today 22K gold rate is Rs 8,755
Gold Price In Lucknow Today 22K gold price is Rs 8,770
Patna Gold Rate Today 22K precious metal price is Rs 8,760

(Gold price figures source: Goodreturns.in)

Disclaimer: The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author.Β  Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.

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