Gold rate today: 24K and 22K prices rise in Delhi, Chennai, Mumbai and Kochi
Mumbai: Gold prices in India remained elevated on May 9, 2026, with rates rising across several major cities including Delhi, Mumbai, Chennai and Kolkata. Market trends showed continued volatility driven by international bullion prices, inflation concerns, currency movements and domestic jewellery demand.
According to the Indian Bullion and Jewellers Association (IBJA), the price of 24-carat gold of 999 purity stood at ₹1,51,078 per 10 grams by the close of trading on Friday. Since bullion markets remain closed during weekends, the same benchmark rates are expected to continue through Saturday and Sunday.
On the Multi Commodity Exchange (MCX), 24-carat gold closed at ₹1,52,589 per 10 grams, recording a gain of ₹59 from the previous trading session.
Kerala gold prices see sharp increase
In Kerala, gold prices recorded a noticeable rise compared to earlier sessions.
- 22-carat gold price: ₹1,39,460
- Increase: ₹2,720
- 24-carat gold price: ₹1,52,140
- Increase: ₹2,970
The sharp increase reflects strong regional jewellery demand and fluctuations in global bullion rates.
City-wise gold rates on May 9
- Delhi gold price
24K gold: ₹1,52,880 per 10 grams
22K gold: ₹1,40,100 per 10 grams
18K gold: ₹1,14,660 per 10 grams
- Mumbai gold price
24K gold: ₹1,52,680 per 10 grams
22K gold: ₹1,39,950 per 10 grams
18K gold: ₹1,14,510 per 10 grams
- Kolkata gold price
24K gold: ₹1,52,680 per 10 grams
22K gold: ₹1,39,950 per 10 grams
18K gold: ₹1,14,510 per 10 grams
- Chennai gold price
24K gold: ₹1,53,840 per 10 grams
22K gold: ₹1,41,020 per 10 grams
18K gold: ₹1,17,720 per 10 grams
- Hyderabad gold price
24K gold: ₹1,52,680 per 10 grams
22K gold: ₹1,39,950 per 10 grams
18K gold: ₹1,14,510 per 10 grams
IBJA benchmark gold rates
The IBJA benchmark prices for different gold purity categories were listed as:
- 24-carat gold: ₹1,51,078 per 10 grams
- 23-carat gold: ₹1,50,473 per 10 grams
- 22-carat gold: ₹1,38,387 per 10 grams
- 18-carat gold: ₹1,13,309 per 10 grams
- 14-carat gold: ₹88,381 per 10 grams
Silver prices remain stable
Silver prices largely remained steady across major Indian cities on May 9.
Silver 999: Around ₹2,65,000 per kilogram
Sterling silver (Silver 925): Around ₹2,55,000 per kilogram
The silver rate in Delhi, Mumbai, Kolkata and Chennai was recorded at approximately ₹2,650 per 10 grams.
Why gold prices are fluctuating
Analysts say gold prices are currently being influenced by several international and domestic factors including global economic uncertainty, inflationary pressures, central bank policies, US dollar movement and increased safe-haven demand.
Domestic factors such as wedding season purchases, festive demand and investment buying are also contributing to price fluctuations in the Indian bullion market.
Despite recent corrections from January’s all-time highs, gold continues to remain one of the preferred investment assets amid uncertain global economic conditions.
(Disclaimer: Gold and silver prices may vary slightly across cities and jewellery retailers due to taxes, making charges, market fluctuations and local demand. Readers are advised to check live rates with authorised jewellers or bullion dealers before making any purchase or investment decision.)