Gold prices climbed sharply across major Indian cities on Thursday, May 7, with both 24-karat and 22-karat rates rising by up to Rs 2,000<\/strong> and silver registering a near Rs 10,000 jump \u2014 extending a global bullion rally driven by easing geopolitical tensions.<\/p>\n<\/p>\n Bullion markets remained firm following their biggest single-day gain since late March. According to Bloomberg, the surge was driven by hopes of reduced tensions in the US-Iran conflict<\/strong>, which simultaneously pushed oil prices lower and tempered inflation concerns.<\/p>\n<\/p>\n Gold was trading above $4,690 per ounce<\/strong> after recording a 3 percent jump on Wednesday, May 6, providing a strong floor for domestic Indian rates.<\/p>\n<\/p>\n Among major metros, Chennai recorded the highest gold prices<\/strong>, followed by Hyderabad, Bengaluru, and Mumbai. Kerala posted notably different figures, particularly for silver, reflecting regional pricing variations.<\/p>\n<\/p>\n The rates listed above reflect base bullion prices and do not represent the final cost at jewellery stores. Retailers typically add making charges, applicable taxes, and GST<\/strong>, which can meaningfully increase the total amount paid by consumers.<\/p>\n<\/p>\n India’s domestic gold rates are shaped by a convergence of global and local factors. The most significant include:<\/p>","protected":false},"excerpt":{"rendered":" Gold and Silver Prices Surge Across India on May 7: City-by-City Breakdown Gold prices climbed sharply across major Indian cities on Thursday, May 7, with both 24-karat and 22-karat rates rising by up to Rs 2,000 and silver registering a near Rs 10,000 jump \u2014 extending a global bullion rally driven by easing geopolitical tensions. […]<\/p>\n","protected":false},"author":3,"featured_media":3675,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,24],"tags":[],"class_list":["post-3676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-trending"],"blocksy_meta":[],"yoast_head":"\nGlobal Rally Underpins Domestic Prices<\/h2>\n<\/p>\n
Chennai Leads Metro Cities; Kerala Rates Diverge<\/h2>\n<\/p>\n
City-wise Gold and Silver Rates \u2014 May 7, 2026<\/h3>\n<\/p>\n
What Retail Buyers Actually Pay<\/h2>\n<\/p>\n
Key Drivers Behind India’s Gold Prices<\/h2>\n<\/p>\n