Gold, silver Rate Today: 999 silver on 4 May in Delhi, Mumbai, others
On 4 May, gold prices in India remained steady, and silver prices also showed limited movement as traders await clarity on the US-Iran peace deal. Check retail rates of 24K, 22K gold, and 999 silver in your city.
Gold and silver prices today on 4 May:
The price of the yellow metal in India’s retail market remained broadly stable on Monday, 4 May, with both 24-karat and 22-karat gold rates witnessing marginal changes across major cities. Silver prices also showed limited movement in the domestic bullion market.
MCX gold June futures were 0.16% up at ₹1,51,360 per 10 grams, while MCX silver futures were 3.72% up at ₹2,47,500 per kilogram around 9:13 am.
The price of 24-karat gold in India stood at ₹151,320 per 10 grams at 10:35 AM on Sunday. Meanwhile, 22-Karat gold was priced at ₹139,168 per 10 grams in the physical bullion. Silver 999 Fine was priced at ₹251,190 per 1 kg, according to the data available on the Indian Bullion Association (IBA).
In the retail market, gold is sold in 24-karat and 22-karat purity. Whereas 24-karat gold is considered the purest form, 22-karat gold is commonly used for jewelry because it’s more durable. Here’s a look at the latest gold prices across major Indian cities on 4 May, 2026.
Gold Prices in Mumbai — 4 May
24 karat gold rate in Mumbai — ₹151,560/10 gm
22 karat gold rate in Mumbai — ₹138,930/10 gm
Silver 999 Fine rate in Mumbai — ₹250,760/1 kg
Gold Prices in New Delhi — 4 May
24 karat gold rate in New Delhi — ₹151,300/10 gm.
22 karat gold rate in New Delhi — ₹138,692/10 gm
Silver 999 Fine rate in New Delhi — ₹250,330/1 kg
Gold Prices in Ahmedabad — 4 May
24 karat gold price in Ahmedabad — ₹151,760/10 gm
22 karat gold rate in Ahmedabad — ₹139,113/10 gm
Silver 999 Fine rate in Ahmedabad — ₹251,090/1 kg
Gold Prices in Bengaluru — 4 May
24 karat gold rate in Bangalore — ₹151,680/10 gm
22 karat gold price in Bengaluru — ₹139,040/10 gm
Silver 999 Fine price in Bengaluru — ₹250,960/1 kg
Gold Prices in Kolkata — 4 May
24 karat gold rate in Kolkata — ₹151,360/10 gm
22 karat gold rate in Kolkata — ₹138,747/10 gm
Silver 999 Fine rate in Kolkata — ₹250,430/1 kg
Gold Prices in Hyderabad — 4 May
24 carat gold rate in Hyderabad — ₹151,800/10 gm
22 karat gold rate in Hyderabad — ₹139,150/10 gm
Silver 999 Fine rate in Hyderabad — ₹251,160/1 kg
Gold Prices in Chennai — 4 May
24 carat gold rate in Chennai — ₹152,000/10 gm
22 carat gold rate in Chennai — ₹139,333/10 gm
Silver 999 Fine price in Chennai — ₹251,490/1 kg
Gold prices over the years
Notably, gold prices last year experienced their strongest bull run since 1979, increasing by over 75%. In recent months, gold prices have risen modestly amid strong safe-haven demand and global economic uncertainty.
Nations across the world are anxiously waiting for a peace resolution between the US and Iran, with the chokepoint Strait of Hormuz a serious concern. This is because the Strait of Hormuz is a critical global throttlepoint, accounting for roughly 20% of the world’s oil and liquefied natural gas (LNG) consumption. Disruptions in traffic through this chokepoint have impacted global oil and energy prices.
Project Freedom
US President Donald Trump announced ‘Project Freedom’ to guide stranded ships through the Strait of Hormuz, although the risks of a blockade and fragile peace prospects kept markets on edge.
In India, the yellow metal climbed from ₹135,257 in early January to ₹157,480 in early March, marking an appraisal of around 16%. In May, the precious metal is trading below those highs as investors booked profits.
Meanwhile, silver prices have seen even steeper increases due to stronger demand and currency fluctuations, rising from roughly ₹78,600/kg in 2023-2024 to over ₹200,000/kg in the early months of 2026.
Gold rates and silver rates in India are likely to be unstable on Monday, May 4, as the international market trades cautiously. In the early hours, spot gold price traded marginally lower and struggled to hold around $4,600 mark, while spot silver surged marginally to trade a little above $75 per ounce.
Investors are estimating US President Donald Trump’s next course of action for Strait of Hormuz and against Iran. Meanwhile, Iran has sent a revised peace proposal. Gold presently remains down by 12% since US-Israel-Iran war started. Amidst this, the data of World Gold Council revealed that central banks globally have increased their gold reserves in the first quarter.
The dollar index traded close to 98 on Friday after dropping nearly 1% in the prior session, with losses driven largely by a sharp advance in the yen following suspected interference by Japanese authorities in currency markets. Reports suggested US officials were informed in advance of the move, consistent with a G7 understanding that major currency interventions are typically communicated amongst members, as per Trading Economics.
Oil Prices Live Updates:
Brent Crude Dips Below 108 Brent crude slipped beneath 8 per barrel mark, extending its losses for the third session straight. As per Trading Economics, Oil prices have risen sharply this year as the Middle East conflict and the effective closure of the Strait of Hormuz disrupted global markets. Elsewhere, OPEC+ agreed to a symbolic increase in June production quotas, signaling a business-as-usual stance following the United Arab Emirates’ departure.
Reports suggested US officials were informed in advance of the move, consistent with a G7 understanding that major currency interventions are typically communicated amongst members. On the macroeconomic front, fresh data showed the US economy expanded at an annualized 2% in the first quarter, rebounding from a late 2025 recession tied to a government shutdown. Consumer spending increased 1.6%, supported by resilient demand for services, while separate labor data indicated jobless claims falling to multi-decade lows. The releases followed the recent decision by the Federal Reserve to keep interest rates unchanged, although policymakers acknowledged growing internal divisions as economic uncertainty persists stemming from the Middle East conflict, as per Trading Economics.
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