Gold Prices: As the country celebrates Maharashtra Day and Labour Day on May 1, 2025, the Indian stock markets are taking a well-deserved pause. But for investors and gold lovers, the sparkle of gold and silver remains as strong as ever, even with market hours shortened on this special day.
Gold Remains the Emotion of India
In India, gold has long been more than just a metal, it’s an emotion, a symbol of prosperity, tradition, and safety. Even though global uncertainties are slowly settling, the demand for gold remains resilient. It continues to be considered one of the safest investment options, especially when the future looks uncertain.
Gold Prices See a 30% Rise Since Last Akshaya Tritiya
This year, something interesting stands out gold prices have surged almost 30% when compared to the same time last year during Akshaya Tritiya. Industry reports even suggest that over the past few years, the price of gold has doubled. It’s a clear sign that this precious metal still holds the trust of the people, and its value only seems to grow stronger with time.
Today’s Gold and Silver Rates Across India
As of 7:20 AM on May 1, gold on the Multi Commodity Exchange (MCX) was trading at ₹94,611 per 10 grams, showing a slight drop of ₹91. In contrast, silver witnessed a significant dip of ₹2,301, trading at ₹94,561 per kilogram.
According to the Indian Bullion and Jewellers Association (IBJA):
- 24-carat gold was priced at ₹94,880 per 10 grams
- 22-carat gold stood at ₹86,973 per 10 grams
- Silver (999 fine) was selling at ₹95,950 per kilogram
City-Wise Bullion Rates Show Minor Variations
Mumbai
- Gold: ₹95,710 per 10 grams
- Silver: ₹95,780 per kg
Chennai
- Gold: ₹94,990 per 10 grams
- Silver: ₹96,060 per kg
Kolkata
- Gold: ₹94,580 per 10 grams
- Silver: ₹95,650 per kg
Meanwhile, the MCX remains open for trading during the second half of the day, from 5:00 PM to 11:30 PM, despite the holiday.
A Precious Investment That Still Holds Emotional Value
Gold and silver continue to be emotional investments for Indian households, symbolising wealth, tradition, and financial security. And even with minor price corrections, the long-term growth and emotional value attached to these metals ensure they remain close to the hearts of millions.
Disclaimer: The prices mentioned in this article are based on publicly available data as of the morning of May 1, 2025. Market rates may fluctuate throughout the day. Investors are advised to consult certified financial experts before making any investment decisions.
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