Gold Prices Today on 9th May, Retreat Sharply After Hitting Monthly High

Gold prices in India pulled back sharply on 9th May 2025, reversing the bullish trend seen over the past few days. After hitting new monthly highs yesterday, both 22K and 24K gold have recorded significant drops. Currently, 22K gold is priced at ₹9,015 per gram, while 24K gold stands at ₹9,835 per gram.

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Cost of Gold in India Falls on 9th May 2025

As of 10:25 AM on 9th May, gold rate today across major Indian cities have dipped notably. The price of 22K gold is down by ₹115 per gram, and 24K gold has fallen by ₹125 per gram. This marks the first substantial correction for May, coming just a day after prices touched their highest levels this month. Here’s a look at today’s city-wise rates:

• Gold Price Today in Mumbai: In Mumbai, 22K gold is now at ₹9,015 per gram, while 24K gold is at ₹9,835 per gram.
• Gold Price Today in Chennai: Chennai displays similar trends, with 22K gold priced at ₹9,015 and 24K gold at ₹9,835.
• Gold Price Today in Bangalore: In Bangalore, 22K gold is currently at ₹9,015 per gram and 24K gold stands at ₹9,835.
• Gold Price Today in Hyderabad: Hyderabad prices are aligned with national levels—22K gold at ₹9,015, and 24K gold at ₹9,835 per gram.
• Gold Price Today in Kerala: In Kerala, 22K gold is priced at ₹9,015 and 24K gold at ₹9,835 per gram.
• Gold Price Today in Delhi: In Delhi, 22K gold has dropped to ₹9,030 per gram, while 24K gold stands at ₹9,850 per gram.
   

Recent Gold Price Trends in India

Following several consecutive sessions of gains, today’s sharp correction may signal profit booking or global headwinds. Here’s a recap of the recent price movements:

• May 8: Gold prices surged—22K gold rose by ₹55 to ₹9,130 per gram, 24K gold increased ₹60 to ₹9,960 per gram.
• May 7: Gold continued gains—22K gold up ₹50 to ₹9,075, 24K gold rose ₹54 to ₹9,900.
• May 6: Major rally was witnessed in gold prices—22K gold jumped ₹250 to ₹9,025, 24K gold climbed ₹273 to ₹9,846.
• May 5: Gold saw minor gains—22K up ₹20 to ₹8,775, 24K gold rose ₹22 to ₹9,573.
• May 3: No price movement noted.
   

Conclusion

After four strong sessions, gold prices cooled off significantly on 9th May. This dip may offer an entry opportunity for buyers waiting on the sidelines. However, with the market still volatile and driven by global and regional cues, investors should track daily trends closely to navigate the fluctuations effectively.