Gold prices in India remained mostly steady on May 4, 2026, while silver saw a noticeable drop, reflecting a mixed trend in the bullion market. Despite global uncertainties, gold continued to trade close to the ₹1.50–1.51 lakh mark per 10 grams for 24-carat purity, showing little movement compared to previous sessions.
Across major cities like Delhi, Mumbai, Chennai, and Kolkata, gold prices stayed largely unchanged, with only minor differences due to local taxes and demand. The steady pricing suggests that buyers are still active, especially in the jewellery segment, but are also being cautious given the uncertain global environment.
In contrast, silver prices declined significantly during the day. The metal fell to around ₹2.64 lakh to ₹2.65 lakh per kilogram, with losses of up to ₹1,900 per kg reported in several markets. This drop highlights weaker demand and global pressure on silver prices compared to gold.
The difference in performance between gold and silver is largely due to their roles in the market. Gold, often seen as a safe-haven asset, continues to attract steady interest during uncertain times. Silver, which is more closely linked to industrial demand, tends to react more sharply to global economic concerns.
On the futures market, both metals showed some weakness. Gold prices slipped slightly, while silver recorded a sharper decline during intraday trading. Analysts say this reflects cautious sentiment among traders who are closely watching global developments.
Factors such as movements in crude oil prices, geopolitical tensions, and uncertainty around interest rates are currently influencing the bullion market. Investors are waiting for clearer signals before making big moves, which is keeping gold stable but putting pressure on silver.
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