Gold and Silver Prices Decline on May 1st, 2025 (Labor Day)
Gold Silver Price: For those considering purchasing gold or silver on May 1st, 2025 (Labor Day), it's important to note that markets were closed. Therefore, today's prices remain unchanged from the closing rates of Wednesday, April 30th, 2025.
Markets Closed, but What Were Wednesday's Final Rates?
According to the India Bullion and Jewellers Association (IBJA), 24-karat gold closed at ₹94,361 per 10 grams on Wednesday, a decrease from the previous day. Similarly, silver prices also fell, settling at ₹94,114 per kilogram. This indicates a decline in both gold and silver prices in the domestic market, mirroring a global price decrease.
Rates for Other Carat Gold?
If you are considering purchasing 23K, 22K, 18K, or 14K gold, the prices were as follows:
995 Purity (approx. 23K): ₹93,983 per 10 grams
916 Purity (22K): ₹86,435 per 10 grams
750 Purity (18K): ₹70,771 per 10 grams
585 Purity (14K): ₹55,201 per 10 grams
Gold Prices in Your City?
In major cities like Delhi, Mumbai, Chennai, Kolkata, Lucknow, Jaipur, and Hyderabad, 22-karat gold ranged from approximately ₹89,390 to ₹89,890 per 10 grams, while 24-karat gold ranged from ₹97,520 to ₹98,030 per 10 grams. 18-karat gold prices were between ₹73,140 and ₹73,550 per 10 grams.
The Steepest Decline in Delhi
According to the All India Sarafa Association, 99.9% pure gold in Delhi fell by ₹900, reaching ₹98,550 per 10 grams. 99.5% pure gold was priced at ₹98,100 per 10 grams. Silver prices also experienced a sharp decline, falling from ₹1,02,000 to ₹98,000 per kilogram.
International Market Trends
International markets also witnessed a decline in gold and silver prices. Spot gold fell by $43.35, reaching $3,273.90 per ounce. Spot silver decreased by 1.83%, settling at $32.33 per ounce.
