Gold, silver rates today: Check city-wise rates on May 6

Gold and silver prices in India witnessed an uptick on May 6, 2026, amid ongoing geopolitical tensions in West Asia and mixed movement in the US dollar.

Precious metals, often seen as safe-haven investments during uncertain times, continued to remain firm in the domestic bullion market.

While gold prices recorded a marginal rise across major Indian cities, silver rates surged sharply by nearly ₹10,000 per kilogram, reflecting increased investor interest and industrial demand.

According to the latest retail market rates, 24-carat gold is trading at around ₹15,131 per gram, while 22-carat gold is priced near ₹13,870 per gram.

Meanwhile, silver is hovering close to ₹2,65,000 per kilogram in several domestic markets. Rates differ slightly from city to city due to local taxes, transportation charges, and jewellers’ margins.

Gold prices in major cities (per gram)

Silver prices in major cities

Silver prices remained elevated compared to long-term averages, supported by robust industrial demand and steady investment buying.

Market experts note that silver tends to react more sharply to global manufacturing trends and economic uncertainty, making it comparatively more volatile than gold.

MCX closing prices (May 5, 2026)

On the Multi Commodity Exchange (MCX), gold June futures and silver July futures recovered mildly in the previous trading session after witnessing earlier losses.

The rebound came amid heightened geopolitical concerns and cautious global market sentiment.

Analysts said bullion markets continue to remain volatile as traders closely monitor macroeconomic indicators, currency fluctuations, and developments in global conflicts.

Silver, in particular, experienced sharper corrections than gold in recent sessions, highlighting the metal’s sensitivity to industrial and economic cues.