Gold Price Today: Gold Drops ₹2,960 in a Week, Silver Jumps ₹5,000 — Check Latest Rates

India’s bullion market has seen a sharp shift this week. While gold prices have cooled off significantly, silver has moved in the opposite direction, recording a strong surge. Here’s a complete breakdown of the latest rates, weekly trend, and what’s driving the change.

📉 Gold Becomes Cheaper This Week

Gold prices have declined notably over the past 7 days:

• 24 Carat Gold: Down by ₹2,960 per 10 grams
• 22 Carat Gold: Down by ₹2,850 per 10 grams

📍 Latest Gold Prices (3 May 2026)

• Delhi:
  • 24K: ₹1,51,230 / 10g
  • 22K: ₹1,38,500 / 10g
• Mumbai & Kolkata:
  • 24K: ₹1,50,930 / 10g
  • 22K: ₹1,38,350 / 10g
• Chennai:
  • 24K: ₹1,52,730 / 10g
  • 22K: ₹1,40,000 / 10g
• Bengaluru & Pune:
  • 24K: ₹1,50,930 / 10g
  • 22K: ₹1,38,350 / 10g

👉 The recent dip comes after a short rally, showing how volatile gold has become in the current global scenario.

📈 Silver Shines with Strong Rally

Unlike gold, silver prices have surged:

• Weekly Gain: ₹5,000 per kg
• Current Price: ₹2,65,000 per kg (approx)

Just days ago, silver had corrected sharply, but it has now bounced back strongly—indicating high volatility in the metal.

🌍 Global Market Impact

Both metals are heavily influenced by international trends:

• Spot Gold: ~$4,627 per ounce
• Spot Silver: ~$75.91 per ounce

Global uncertainty, especially geopolitical tensions and fluctuations in crude oil and currency markets, continue to impact bullion prices in India.

🤔 Why Gold Fell but Silver Rose?

Here’s the key difference:

• Gold:
  • Profit booking after recent highs
  • Short-term correction phase
• Silver:
  • Industrial demand boost
  • Strong recovery after previous dip

🔮 What’s the Outlook?

Market experts believe:

• Gold may remain volatile in the short term
• Long-term outlook still positive due to central bank buying
• Silver could see further movement depending on global demand trends

🧾 Final Takeaway

• Gold has become cheaper this week, offering a potential buying opportunity
• Silver is gaining momentum, reflecting strong demand and recovery

👉 If you’re planning to invest, it’s important to track both global cues and domestic trends before making a decision.