Gold Prices, MCX, May 6: Rates Soar Amid Global Uncertainty — Check Prices in Major Indian Cities

Gold remains a top investor choice amid US Fed policy concerns and US-China trade tensions; check current rates in Delhi, Mumbai, Chennai, Bengaluru, Kolkata and Hyderabad.

Gold Prices Today, May 6: Check Rates Across Indian Cities

Gold prices have climbed this week amid heightened global market uncertainty, driven by fluctuations in the US dollar and investor anxiety over upcoming policy announcements from the US Federal Reserve. The precious metal remains a safe-haven investment choice, especially with growing concerns around US-China trade negotiations and macroeconomic volatility.

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Gold surged nearly 30% year-on-year, delivering a 15% CAGR since 2001, and continues to outperform inflation trends. Last month, prices briefly touched ₹1 lakh per 10 grams, before correcting slightly.

As of 8:20 AM on May 6, the MCX gold rate stood at ₹94,750 per 10 grams, down by ₹101. Silver also dipped slightly to ₹94,406 per kg. According to the Indian Bullion Association, 24-carat gold is priced at ₹95,060 per 10 grams, while 22-carat gold stands at ₹87,138. Silver 999 (fine grade) is retailing at ₹94,490/kg.

Also Read: Rupee Hits Multi-Month High vs US Dollar Amid Crude Price Crash, FPI Inflows

City-Wise Gold & Silver Prices – May 6, 2025

🔹Chennai

Gold Bullion: ₹94,750/10 gm
MCX Gold: ₹95,221/10 gm
Silver Bullion: ₹95,460/kg
MCX Silver: ₹96,524/kg

🔹Mumbai

Gold Bullion: ₹94,430/10 gm
MCX Gold: ₹95,221/10 gm
Silver Bullion: ₹95,120/kg
MCX Silver: ₹96,524/kg

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🔹Hyderabad

Gold Bullion: ₹94,620/10 gm
MCX Gold: ₹95,221/10 gm
Silver Bullion: ₹95,330/kg
MCX Silver: ₹96,524/kg

🔹Kolkata

Gold Bullion: ₹94,350/10 gm
MCX Gold: ₹95,221/10 gm
Silver Bullion: ₹95,060/kg
MCX Silver: ₹96,524/kg

🔹New Delhi

Gold Bullion: ₹94,260/10 gm
MCX Gold: ₹95,221/10 gm
Silver Bullion: ₹94,960/kg
MCX Silver: ₹96,524/kg

🔹Bengaluru

Gold Bullion: ₹94,500/10 gm
MCX Gold: ₹95,221/10 gm
Silver Bullion: ₹95,200/kg
MCX Silver: ₹96,524/kg

As global economic pressures persist, bullion remains a robust hedge against inflation and policy-induced volatility. Traders and investors are advised to stay alert ahead of the US Fed’s May 7 policy announcement which could further influence commodity markets.

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Gold Prices May 6, Silver Rates Today, Gold in Delhi, Gold in Mumbai, Bullion Market India, MCX Gold Rate, US Fed Policy Impact, Global Trade Tensions, Inflation Hedge, Gold Investment India