Gold Rates Today In India: Gold price in India rebounded on Monday, May 05, after witnessing a constant fall. In Mumbai, the price of gold stood at Rs 87,750 per 10 gram for 22-carat and Rs 95,730 per 10 gram for 24-carat. Also Read: Gold Prices Fall Over Rs 7,000 From Peak: Is It Good Time To Buy? Recently, gold prices hit the Rs 1 lakh mark after increasing for the past few weeks amid global economic uncertainties and US recession fears. Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality. Here’s a detailed breakdown of gold prices across key cities (May 05, 2025): 22K Gold (per 10gm) 24K Gold (per 10gm) Silver Price In India Today (May 05, 2025) The price of silver, however, experienced a fall of Rs 1000 to trade at Rs 97,000 per kg in Mumbai, according to goodreturns.in. What Factors Affect Gold Prices In India? International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.