The cost of gold in your city May 3: Amid rising dollar volatility, Donald Trump tariff updates, and US macroeconomic data, yellow metal prices have somewhat decreased in recent days.
With indications of a reduction in trade tensions between the United States and its trading partners, particularly China, gold prices fell by about 7,000 baht after reaching a record high of ₹99,358 per 10 kilos on April 22.
Investors continue to look for safe-haven assets like gold and silver to protect their portfolios in spite of these market swings.
Current Gold Prices: Verify Indian Gold Rates — May 3 :
According to data on the official website on May 3, 2025, at 8:40 am, the price of gold on the MCX was ₹92,700 per 10 grams, up ₹63/10 gms, while the price of silver on the MCX decreased by ₹1/kg to ₹94,063/kg.
Additionally, data from the Indian Bullion Association (IBA) on May 3 at 8:40 showed that 24-carat gold was priced at ₹92,980/10 gm, while 22-carat gold was marketed at ₹85,232/10 gms. According to the IBA website, the price of silver was ₹94,130/kg (Silver 999 Fine).
Let’s examine the current prices of gold and silver in your city as May 2025 gets underway. For the May 3 precious metal prices in Delhi,Mumbai.
Mumbai’s Gold and Silver Prices, May 3 :
Mumbai’s gold bullion rates are 92,810/10 gm.
Mumbai’s MCX Gold rate is 92,700/10 gm.
Mumbai’s silver bullion rate is 93,960 rupees per kilogram.
In Mumbai,the price of MCX Silver 999 is 94,063/kg.
Prices of Gold and Silver in New Delhi on May 3 :
New Delhi’s gold bullion prices are 92,650/10 gm.
New Delhi’s MCX Gold rate is 92,700/10 gm.
New Delhi’s silver bullion rate is 93,800 rupees per kilogram.
In New Delhi,the price of MCX Silver 999 is 94,063/kg.
Disclaimer: bharatbulletin24x7.com does not endorse the opinions or suggestions expressed above; rather,these represent the opinions of individual analysts or brokerage firms. Before making any financial decisions,we encourage investors to consult with qualified professionals.
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