Gold Rate Today, May 4, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities
Gold rates (gold prices) in India edged higher today, May 4, with 24K gold at INR 1,50,920 per 10 grams and 22K at INR 1,38,340 per 10 grams. Prices varied by city, with Chennai maintaining the highest rates. Market volatility is driven by a firm US dollar and geopolitical tensions, while silver remained steady at INR 2,64,900 per kg.
Gold prices in India saw a marginal uptick on Monday, May 4, 2026, as domestic markets responded to cautious global sentiments and fluctuating currency values. According to the latest data from Good Returns, the price for 24-carat gold stands at approximately INR 1,50,920 per 10 grams, while 22-carat gold - commonly used for jewellery - is trading at INR 1,38,340 per 10 grams. The slight rise reflects a broader trend of market consolidation as investors weigh geopolitical tensions and inflation concerns against a firm US dollar.
Scroll down to check the gold rate today, May 04, in Delhi, Chennai, Mumbai, Kolkata, Lucknow, Pune, Bengaluru, Hyderabad, Jodhpur, Jaipur, Srinagar, Noida, Ghaziabad, Gurugram and Ahmedabad. Gold Rate Today, May 3, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.
City-Wise Retail Rates of Gold
Gold prices vary across Indian metropolitan areas due to local taxes, octroi, and varying demand patterns. As of Monday morning, the retail rates for 10 grams of gold in major hubs are as follows:
Gold Rate Today, May 4, 2026
| City | 22K Gold (per 10g) | 24K Gold (per 10g) |
| Delhi | INR 1,38,490 | INR 1,51,220 |
| Mumbai | INR 1,38,340 | INR 1,50,920 |
| Chennai | INR 1,39,990 | INR 1,52,720 |
| Ahmedabad | INR 1,38,390 | INR 1,51,020 |
| Kolkata | INR 1,38,340 | INR 1,50,920 |
| Bengaluru | INR 1,38,340 | INR 1,50,920 |
| Hyderabad | INR 1,38,340 | INR 1,50,920 |
| Jaipur | INR 1,38,490 | INR 1,51,120 |
| Pune | INR 1,38,340 | INR 1,50,920 |
| Noida | INR 1,38,490 | INR 1,51,220 |
| Gurugram | INR 1,38,490 | INR 1,51,220 |
| Ghaziabad | INR 1,38,490 | INR 1,51,220 |
| Lucknow | INR 1,38,490 | INR 1,51,220 |
| Bhopal | INR 1,38,390 | INR 1,51,020 |
| Jodhpur | INR 1,38,540* | INR 1,51,170* |
| Srinagar | INR 1,38,630* | INR 1,51,360* |
Factors Influencing Today's Market
Market analysts attribute the current price action to several overlapping factors. Internationally, spot gold has struggled to maintain its footing above the USD L4,600 per ounce mark. A significant headwind is the US dollar, which remains firm near the 98-point mark, making gold more expensive for holders of other currencies. Domestically, the Multi-Commodity Exchange (MCX) has shown range-bound movement, with gold recently trading between INR 1,50,000 and INR 1,53,000 per 10 grams. While retail demand remains supported by the ongoing wedding season, high prices have led some consumers to adopt a "wait-and-watch" approach, favouring staggered purchases over large-scale buying. Dubai Gold Rate Today: 18K, 22K, 24K Gold Prices for May 3, 2026.
Silver Prices Follow Suit
Silver has mirrored the volatile trend seen in the yellow metal. On May 4, silver was trading at approximately INR 2,64,900 per kilogram, reflecting a minor decline of roughly INR 100 from the previous session. In industrial hubs like Chennai and Hyderabad, silver rates remain slightly higher at INR 2,69,900 per kg due to sustained demand for silver ornaments and industrial applications.
Looking ahead, the World Gold Council has noted that central banks globally increased their gold reserves in the first quarter of 2026, providing a long-term bullish undertone for the metal. However, in the short term, traders are expected to keep a close eye on US economic data and developments in the Middle East, both of which are likely to dictate the next significant move in precious metal prices.
(The above story first appeared on LatestLY on May 04, 2026 09:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
