Gold Prices Today on 7th May, Rise Again to Touch New May Highs

Gold prices in India continued their upward momentum on 7th May 2025, inching higher to hit fresh monthly highs. After a strong rally yesterday, both 22K and 24K gold have extended their gains. Currently, 22K gold is priced at ₹9,075 per gram, while 24K gold stands at ₹9,900 per gram.

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Cost of Gold in India Increases Again on 7th May 2025

As of 10:45 AM on 7th May, gold rate today across major Indian cities have witnessed another notable increase. The price of 22K gold is up by ₹50 per gram, and 24K gold has gained ₹54 per gram. These mark the highest price levels seen in May so far. Here’s a look at today’s city-wise rates:

• Gold Price Today in Mumbai: 22K gold is now at ₹9,075 per gram, while 24K gold has reached ₹9,900 per gram.
• Gold Price Today in Chennai: Chennai follows the national trend with 22K gold priced at ₹9,075 and 24K gold at ₹9,900.
• Gold Price Today in Bangalore: In Bangalore, 22K gold is at ₹9,075 per gram and 24K gold is at ₹9,900.
• Gold Price Today in Hyderabad: Hyderabad also reflects the latest uptick—22K gold is ₹9,075, and 24K gold is ₹9,900 per gram.
• Gold Price Today in Kerala: Gold prices in Kerala have moved in sync, with 22K gold at ₹9,075 and 24K gold at ₹9,900 per gram.
• Gold Price Today in Delhi: In the capital, 22K gold has touched ₹9,090 per gram, while 24K gold stands at ₹9,915 per gram.
   

Recent Gold Price Trends in India

Gold prices have shown consistent strength over the past two days. Here's a quick summary of recent movement:

• May 6: Gold prices witnessed a strong rally. 22K gold surged by ₹250 to ₹9,025 per gram, 24K gold jumped by ₹273 to ₹9,846 per gram.
• May 5: Gold rates increased slightly with 22K gold up ₹20 to ₹8,775 per gram, 24K gold rose ₹22 to ₹9,573 per gram.
• May 3: Gold prices saw no change.
• May 2: Price dip — 22K gold down ₹20 to ₹8,755 per gram, 24K gold down ₹22 to ₹9,551 per gram.
• May 1: Rates fell sharply — 22K gold dropped ₹200 to ₹8,775 per gram, 24K gold declined ₹218 to ₹9,573 per gram.

Conclusion

The continuous surge in gold prices into 7th May shows a bullish sentiment in the domestic bullion market. With rates now at their highest for the month, both global cues and domestic demand may be driving this rally. For investors and buyers, staying informed on daily price changes is key to making timely decisions in this dynamic market.