Gold and Silver Prices on May 1: Rates in Mumbai, Delhi, Chennai, Bengaluru, Kolkata, and Hyderabad

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

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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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