As global pressures ease, gold remains a safe-haven asset. Check the latest bullion and MCX rates across major Indian cities on Labour Day 2025.
New Delhi, May 1:
On Labour Day and Maharashtra Day, gold prices remained strong across major Indian cities, reflecting investor preference for safe-haven assets amid market volatility. While prices slightly cooled due to easing global pressure, the yellow metal continues to show robust year-on-year gains.
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On the Multi Commodity Exchange (MCX), gold was priced at ₹94,611 per 10 grams, down ₹91 from the previous session. Meanwhile, MCX silver fell sharply by ₹2,301/kg, trading at ₹94,561/kg.
According to the Indian Bullion Association (IBA) at 7:20 am:
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- 24-carat gold stood at ₹94,880/10 gm
- 22-carat gold at ₹86,973/10 gm
- Silver (999 fine) was priced at ₹95,950/kg
Please note: Due to the May 1 holiday, MCX trading will remain closed during the morning session (9:00 AM–5:00 PM) and resume in the evening session from 5:00 PM to 11:30 PM.
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City-wise Gold and Silver Rates on May 1, 2025:
| City | Gold (Bullion) | MCX Gold | Silver (Bullion) | MCX Silver 999 |
|---|---|---|---|---|
| Mumbai | ₹94,710/10 gm | ₹94,611/10 gm | ₹95,780/kg | ₹94,561/kg |
| Delhi | ₹94,550/10 gm | ₹94,611/10 gm | ₹95,610/kg | ₹94,561/kg |
| Chennai | ₹94,990/10 gm | ₹94,611/10 gm | ₹96,060/kg | ₹94,561/kg |
| Bengaluru | ₹94,780/10 gm | ₹94,611/10 gm | ₹95,850/kg | ₹94,561/kg |
| Kolkata | ₹94,580/10 gm | ₹94,611/10 gm | ₹95,650/kg | ₹94,561/kg |
| Hyderabad | ₹94,860/10 gm | ₹94,611/10 gm | ₹95,930/kg | ₹94,561/kg |
Investment Insight:
Gold has delivered exceptional returns:
- 30% rise over the past year (Akshaya Tritiya 2024 to 2025)
- 100% rise over the past few years, according to industry estimates
As economic uncertainties continue, gold remains a preferred hedge for portfolio protection.
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