Gold Today Rate, 1 May: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
As May begins, gold prices in India have opened with a slight dip, sparking interest among both investors and jewellery buyers. Whether you’re shopping for the wedding season, investing in gold, or tracking market trends, here’s a complete look at the latest 18K, 22K, and 24K gold rates across major Indian cities.
📍 Gold Rate Today May 1 2025 Across Indian Cities
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Mumbai | ₹9,580 | ₹8,775 | ₹7,185 |
| Delhi | ₹9,588 | ₹8,790 | ₹7,192 |
| Chennai | ₹9,573 | ₹8,775 | ₹7,180 |
| Kolkata | ₹9,573 | ₹8,775 | ₹7,180 |
| Hyderabad | ₹9,573 | ₹8,775 | ₹7,180 |
Prices are indicative and can vary slightly based on jeweller margin and local demand.
📉 What’s Driving the Gold Rate on May 1 2025?
Today’s mild price correction appears to be influenced by a combination of international gold trends and domestic buying behavior. As per insights from the World Gold Council, global prices have cooled slightly due to a stronger US dollar and profit-booking by investors.
Additionally, market experts suggest that gold prices are experiencing short-term fluctuations due to less demand in the domestic market, particularly after the wedding season. A strong US dollar tends to weaken gold prices, and as global investors focus on equities, we may see additional corrections in gold pricing.
In India, gold has been historically viewed as a safe haven during times of economic uncertainty. However, with the recent easing of geopolitical tensions and stable inflation, gold’s position as a hedge against inflation has softened slightly, contributing to today’s price correction. Monitoring updates from the Reserve Bank of India will give further clarity on any potential interest rate changes that could impact future price movements.
🛍️ Should You Buy Gold on May 1 2025?
If you’re a long-term investor or preparing for upcoming events like weddings, this price dip might be a favorable time to buy gold. Many investors turn to gold as a safe investment in uncertain economic conditions, and if you’re planning to buy jewellery, it could be a great time to lock in the current rates.
However, gold prices tend to be volatile in the short term. It is recommended to keep an eye on price movements daily and consult trustworthy sources like IBJA or follow live updates at MCX India before making a purchase.
