Gold and Silver Price Rates of May 6: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata

Gold prices in India showed a marginal dip on May 6, 2025, amid increased investor interest and global macroeconomic uncertainty. On the Multi Commodity Exchange (MCX), gold traded at ₹95,865 per 10 grams, down ₹101 from the previous session. Silver, meanwhile, surged sharply by ₹2,077 to ₹96,501 per kg.

The Indian Bullion Association (IBA) reported 24-carat gold at ₹96,220/10 gm and 22-carat at ₹88,202/10 gm. The price movement follows a strong uptick last month, when gold touched ₹1 lakh per 10 gm amid global tensions linked to U.S. tariffs and policy uncertainty.

Gold has delivered an impressive 30% YoY return and a 15% CAGR since 2001, consistently outperforming inflation by 2-4% over the long term.

City-wise Gold and Silver Prices (May 6)

The sustained demand for precious metals, along with volatile equity markets and a softening U.S. dollar, continue to make gold a preferred safe-haven asset ahead of the U.S. Federal Reserve’s policy decision on May 7.

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

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