Gold Prices Today on May 7, 2026: Gold Edges Higher on Thursday; 24K Adds ₹1,150 Per 10 Gram

Mumbai, May 7: Gold prices in India extended their recovery for a second consecutive session on Thursday, building on Wednesday’s strong rebound as global risk sentiment stayed buoyant and the dollar remained under modest pressure. The precious metal continued to draw support from cautious investor positioning ahead of key US economic data, while domestic demand from jewellers ahead of the wedding season added a layer of underlying firmness to the market.

National Gold Prices

Today’s national benchmark for 24-karat gold (99.9% purity) stands at ₹1,52,460 per 10 grams, a gain of +₹1,150 over Wednesday’s rate of ₹1,51,310. The 22-karat rate (91.6% purity) is quoted at ₹1,39,750 per 10 grams, up +₹1,050 from Wednesday’s ₹1,38,700. The 18-karat rate (75% purity) is priced at ₹1,14,340 per 10 grams, advancing +₹860 compared to Wednesday’s close of ₹1,13,480. All three purities have now recouped the entirety of their recent two-session consolidation, signalling renewed bullish momentum in the domestic gold market.

Globally, spot gold traded firmer through Asian hours, with the metal finding traction above the psychologically significant $3,300 per troy ounce threshold. Market participants continued to monitor developments in US-China trade negotiations, and while some tariff relief announcements tempered immediate safe-haven flows, the broader structural demand for gold anchored by central bank buying, retail accumulation in India and China, and portfolio diversification strategies kept prices supported.

The domestic market largely mirrored the international trajectory, with currency dynamics the rupee holding relatively steady against the dollar limiting excessive imported inflation in gold prices on the day.

City-Wise Gold Prices – South, East and West

Chennai continues to command the highest gold rates among India’s ten major tracked cities, with 10 grams of 24-karat gold quoted at ₹1,53,830 on Thursday, while 22-karat is priced at ₹1,41,010 and 18-karat at ₹1,17,710 per 10 grams a reflection of the city’s structurally elevated rates driven by robust jewellery demand and localised association markups. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune are all uniformly priced at ₹1,52,460 for 24-karat, ₹1,39,750 for 22-karat, and ₹1,14,340 for 18-karat gold per 10 grams, maintaining the tightly harmonised pricing that has been a consistent feature across these six cities, with no local premium recorded above the national benchmark.

City-Wise Gold Prices  North and West

Delhi quotes 10 grams of 24-karat gold at ₹1,52,390, with 22-karat at ₹1,39,900 and 18-karat at ₹1,14,490 per 10 grams marginally below the Mumbai benchmark on 24-karat but carrying a slight premium on 22-karat, reflecting minor localised adjustments by Delhi bullion dealers.

Ahmedabad and Vadodara both quote 24-karat gold at ₹1,52,510 per 10 grams, 22-karat at ₹1,39,800, and 18-karat at ₹1,14,390, maintaining a consistent ₹50 premium above the national benchmark a stable pricing differential rooted in localised jeweller’s association norms rather than any demand-side divergence. Across all markets, the trajectory on Thursday remains upward, with buyers and investors alike closely tracking international cues and domestic festive season demand in the days ahead.

Gold Rates Across Indian Cities -10 Grams (May 7, 2026)

Source:

• goodreturns.in | Prices are for 10 grams of gold | Rates as of May 7, 2026