Gold Prices Drop to ₹14,918 on May 5 After Brief Uptick: 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, ₹15,066 on April 30, and further to ₹14,918 on May 5, indicating sustained volatility and continued downward pressure after 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 ₹14,918, 22K at ₹13,675, 18K at ₹11,189.
• Gold Price Today in Chennai: 24K at ₹15,077, 22K at ₹13,820, 18K at ₹11,530.
• Gold Price Today in Bangalore:24K at ₹14,918, 22K at ₹13,675, 18K at ₹11,189.
• Gold Price Today in Hyderabad: 24K at ₹14,918, 22K at ₹13,675, 18K at ₹11,189.
• Gold Price Today in Kerala: 24K at ₹14,918, 22K at ₹13,675, 18K at ₹11,189.
• Gold Price Today in Delhi: 24K at ₹14,923, 22K at ₹13,690, 18K at ₹11,204.

Recent Gold Price Movements in India

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

• May 5th: 24K at ₹14,918, 22K at ₹13,675, 18K at ₹11,189.
• 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.

Gold prices in India remained volatile through late April and early May. 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 to ₹15,093 on May 4 and then dropping again to ₹14,918 on May 5.

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, ticked up to ₹13,835 on May 4, and fell further to ₹13,675 on May 5.

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, rising slightly to ₹11,320 on May 4, and declining again to ₹11,189 on May 5.

Gold Market Outlook

Gold prices in India remain volatile, with the recent stabilisation proving short-lived. 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. A brief uptick to ₹15,093 on May 4 was followed by a sharper drop to ₹14,918 on May 5, indicating renewed weakness. Chennai and Delhi continue to trade at a premium.

Conclusion

As of May 5, gold prices across most major cities have declined to around ₹14,918 per gram for 24K, ₹13,675 for 22K, and ₹11,189 for 18K. Chennai remains the highest-priced market with 24K gold at ₹15,077, followed by Delhi at ₹14,923.

The fresh decline after a brief recovery suggests continued selling pressure and weak momentum. Gold prices are likely to remain sensitive to global cues, currency movements, and investor sentiment in the near term.