Gold Prices Edge Up to ₹15,093 on May 4 After Recent Decline: Latest 24K, 22K and 18K Rates Across Major Cities

Gold prices in India have remained volatile after the sharp rally seen earlier in March. The 24K rate, which had surged to ₹16,980 on March 2, declined steadily through mid-March to ₹15,093 on March 20 before dropping sharply to ₹14,002 on March 23. Prices rebounded to ₹14,667 on March 25, eased to ₹14,471 on March 27, and climbed back to ₹15,148 on April 1.

A pullback followed, with prices slipping to ₹14,913 on April 6, before recovering to ₹14,984 on April 7. The rebound strengthened further, with 24K gold rising to ₹15,148 on April 9 and extending gains to ₹15,300 on April 10. Prices then saw a mild correction on April 13, easing to ₹15,246, but the uptrend resumed with gold climbing to ₹15,535 on April 15 and further to ₹15,577 on April 16. Prices dipped to ₹15,420 on April 17 before stabilising at ₹15,529 on April 20 and April 21.

However, the correction deepened thereafter, with prices falling to ₹15,355 on April 22 and further to ₹15,295 on April 23. A rebound followed, with prices rising to ₹15,442 on April 27, but the recovery proved short-lived, with gold easing again to ₹15,300 on April 28, ₹15,137 on April 29, and further to ₹15,066 on April 30, indicating sustained volatility and continued resistance near recent highs.

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Gold Prices Today in India May 4, 2026

On May 4, gold rate today across major Indian cities jumps compared to the previous session. Below are the latest per-gram prices for 24K, 22K, and 18K gold across key regions:

• Gold Price Today in Mumbai: 24K at ₹15,093, 22K at ₹13,835, 18K at ₹11,320.
• Gold Price Today in Chennai: 24K at ₹15,273, 22K at ₹14,000, 18K at ₹11,680.
• Gold Price Today in Bangalore:24K at ₹15,093, 22K at ₹13,835, 18K at ₹11,320.
• Gold Price Today in Hyderabad: 24K at ₹15,093, 22K at ₹13,835, 18K at ₹11,320.
• Gold Price Today in Kerala: 24K at ₹15,093, 22K at ₹13,835, 18K at ₹11,320.
• Gold Price Today in Delhi: 24K at ₹15,113, 22K at ₹13,850, 18K at ₹11,350.

Recent Gold Price Movements in India

Here’s a snapshot of how gold prices have moved over the past few days:

• May 4th: 24K at ₹15,093, 22K at ₹13,835, 18K at ₹11,320.
• April 30th: 24K at ₹15,066, 22K at ₹13,810, 18K at ₹11,299.
• April 29th: 24K at ₹15,137, 22K at ₹13,875, 18K at ₹11,353.
• April 28th: 24K at ₹15,300, 22K at ₹14,025, 18K at ₹11,475.
• April 27th: 24K at ₹15,442, 22K at ₹14,155, 18K at ₹11,582.

Gold prices in India remained volatile through late April. After peaking at ₹15,577 on April 16, 24K gold slipped to ₹15,420 on April 17 and stabilised at ₹15,529 on April 20–21. The correction deepened to ₹15,355 on April 22 and ₹15,295 on April 23. A brief rebound to ₹15,442 on April 27 was followed by renewed weakness, with prices falling to ₹15,300 on April 28 and ₹15,066 on April 30, before edging up slightly to ₹15,093 on May 4.

Similarly, 22K gold eased from ₹14,260 on April 16 to ₹14,020 by April 23, rebounded to ₹14,155 on April 27, then declined to ₹13,810 on April 30, with a minor recovery to ₹13,835 on May 4.

The 18K rate followed the same trend, dropping from ₹11,668 on April 16 to ₹11,471 on April 23, rebounding briefly, then falling to ₹11,299 on April 30 before ticking up to ₹11,320 on May 4, indicating mild stabilisation after a broader correction.

Gold Market Outlook

Gold prices in India remain volatile, with signs of mild stabilisation after a recent downtrend. After peaking at ₹15,577 on April 16, prices dipped to ₹15,420 on April 17 and stabilised at ₹15,529 on April 20–21. The decline extended to ₹15,355 on April 22 and ₹15,295 on April 23. Although prices rebounded to ₹15,442 on April 27, they slipped again to ₹15,300 on April 28, ₹15,137 on April 29, and ₹15,066 on April 30. Prices have since edged slightly higher to ₹15,093 on May 4, suggesting tentative stabilisation. Chennai and Delhi continue to trade at a premium.

Conclusion

As of May 4, gold prices across most major cities are around ₹15,093 per gram for 24K, ₹13,835 for 22K, and ₹11,320 for 18K. Chennai remains the highest-priced market with 24K gold at ₹15,273, followed by Delhi at ₹15,113.

The slight uptick after the recent decline indicates early signs of stabilisation, though momentum remains weak. Gold prices are likely to stay sensitive to global cues, currency movements, and investor sentiment in the near term.