Gold-Silver Price Update (May 1, 2025): Markets Shut on Labor Day, Previous Rates Applicable

Due to Labor Day on May 1, all major bullion markets across India are closed, and no fresh rates for gold and silver have been issued today. As a result, Wednesday’s closing prices are being treated as the effective rates for today.

Recent Dip in Prices Brings Relief to Buyers

Both gold and silver prices have witnessed a slight decline lately, offering some relief to consumers ahead of the wedding season.

As per the latest data from the India Bullion and Jewellers Association (IBJA) (dated April 30, 2025), here are the benchmark rates:

IBJA Gold Rates (Per 10 Grams):

• 24 Carat (999 purity): ₹94,361
• 995 purity: ₹93,983
• 22 Carat (916 purity): ₹86,435
• 18 Carat (750 purity): ₹70,771
• 14 Carat (585 purity): ₹55,201

IBJA Silver Rate (999 purity):

• ₹94,114 per kg

Gold & Silver Price Drop in Delhi Market

In the Delhi bullion market, gold and silver both traded lower on Wednesday:

• Gold (99.9% purity): Down ₹900 to ₹98,550 per 10 grams
• Gold (99.5% purity): ₹98,100 per 10 grams
• Silver: Dropped ₹4,000 to ₹98,000 per kg

For reference, on Tuesday, gold had closed at ₹99,450, while silver stood at ₹1,02,000 per kg.

International Market Trends Also Bearish

The global precious metal market has also experienced a slump:

• Spot Gold: Fell by $43.35 to $3,273.90/oz
• Spot Silver: Dropped 1.83% to $32.33/oz

This international correction has directly impacted prices in India as well.

City-wise Gold Price Snapshot (Per 10 Grams)

Here’s a comparative look at today’s gold prices in major Indian cities, based on Wednesday’s data:

What Should Buyers and Investors Do?

Gold and silver rates are influenced by international economic trends, the US dollar’s strength, and domestic market demand. As prices fluctuate daily, those planning to buy or invest in gold or silver are advised to check updated rates once markets reopen.