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Gold and silver prices on May 4: Check latest rates in your city
For gold, term ‘K’ or carat determines its purity. A 24K gold is called ‘pure gold’ and has a purity of 99.9%.
On Thursday, the rates of gold rose by ₹50 per gram as compared to yesterday, with 1 gram of 22 carat (K) gold available for ₹5,700, as against ₹5,650 on Wednesday. according to Goodreturns website. 8 gram, 10 gram, and 100 gram of 22K gold can be bought for ₹45,600, ₹57,000, and ₹5,70,000, respectively. A day ago, these were priced at ₹45,200, ₹56,500, and ₹5,65,000.
For 24K gold, on the other hand, the price of 1 gram of the metal is up by ₹54, and it can now be purchased for ₹6,218, as against ₹6,164 a day ago. Similarly, 8 gram, 10 gram, and 100 gram are at ₹49,744, ₹62,180, and ₹6,21,800, an increase of ₹432, ₹540, and ₹5,400, respectively.
Gold prices for top 5 Indian cities on May 3, 2023
| City | 22K Gold (per 10 gram) | 24K Gold (per 10 gram) |
| Delhi | ₹57,150 | ₹62,330 |
| Mumbai | ₹57,000 | ₹62,180 |
| Chennai | ₹57,500 | ₹62,730 |
| Kolkata | ₹57,000 | ₹62,180 |
| Bengaluru | ₹57,050 | ₹62,230 |
| Hyderabad | ₹57,000 | ₹62,180 |
It must be noted, however, that the rates mentioned above do not include various taxes. Local jewellers will be in a better position to tell customers what the actual prices are.
Silver prices
Also, as per Goodreturns, the cost of silver increased by 30 paise on Thursday. 1 gram of of the meral costs ₹77.10. The price of 10 gram of silver in Delhi, Mumbai and Kolkata is at ₹771. In Bengaluru, Chennai and Hyderabad, it is at ₹818.
