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Gold Prices Drop 0.6%: Check Gold and Silver Rates in Your City Today, May 7, 2025

Written by: Nikitha DeviUpdated on: May 7, 2025, 10:32 AM IST
Both gold and silver prices in India have dropped on Wednesday. Check the latest silver and gold prices in Hyderabad and other cities for May 7, 2025.
Gold Prices Drop 0.6%: Check Gold and Silver Rates in Your City Today, May 7, 2025
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Gold prices declined on Wednesday ahead of the Federal Reserve’s policy meeting. As of 00:49 NY Time, spot gold was down 0.90% at $3,384.67 per ounce. 

As of 10:20 AM (IST) in Chennai, 24-carat gold is priced at ₹9,733 per gram, while 22-carat gold costs ₹8,922 per gram. In Hyderabad, the price of 22-carat gold is ₹89,109 per 10 grams, while 24-carat gold is trading at ₹97,210 per 10 grams. 

Gold Prices Across Major Indian Cities on May 7, 2025 

Today, the gold price in India dropped around 0.6%. Here is a detailed breakdown of gold prices as of May 7, 2025. 

City  24 Carat Gold (per 10gm in ₹)  22 Carat Gold (per 10gm in ₹) 
Chennai  97,330  89,219 
Hyderabad  97,210  89,109 
Delhi  96,880  88,807 
Mumbai  97,050  88,963 
Bangalore  97,130  89,036 

Silver Prices Across Major Indian Cities on May 7, 2025 

Here are the latest silver (Silver 999 Fine) rates per kilogram in major Indian cities as of today. 

City  Silver Rate (₹/kg) 
Chennai  96,790 
Hyderabad  96,660 
Delhi  96,340 
Mumbai  96,510 
Bangalore  96,590 

 Also Read: Is Your Gold Real or Fake? Learn to Identify Gold Scams! 

Conclusion 

Gold and silver prices have dropped in both domestic and international markets. Investors and buyers should stay updated with the latest trends and consider multiple factors, including global market movements and local demand, before making any purchasing decisions.  

Since precious metal prices fluctuate frequently, checking real-time rates can help in making informed choices. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Published on: May 7, 2025, 10:32 AM IST

Nikitha Devi

Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.

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