Today's Gold Rates (1 May): Latest Prices for 18, 22, and 24 Carat Gold in Chennai, Mumbai, Delhi, Kolkata & More

Gold Prices Update for May 1: Latest Rates of 18, 22, and 24 Carat Gold in Key Indian Cities

As we step into May, the spotlight on gold prices intensifies among investors and buyers across India. This article presents an updated overview of the current market rates for 18, 22, and 24 carat gold in prominent metropolitan areas such as Chennai, Mumbai, Delhi, and Kolkata. Influenced by shifting international economic conditions alongside domestic demand fluctuations, staying abreast of these price movements is vital for anyone involved in gold trading or purchasing. Below is a detailed breakdown of today’s gold valuations along with insights into the factors shaping these trends nationwide.

May 1 Gold Price Overview Across Indian Metropolises

On May 1st, variations were observed in gold pricing across major cities reflecting both global influences and local market behavior. In Chennai, the rate for 22-carat gold was recorded at ₹5,450 per gram while pure (24-carat) gold traded at ₹5,950 per gram. Comparatively lower figures appeared in Mumbai, where the same grades were priced at ₹5,430 and ₹5,930 respectively.

The national capital region (Delhi) reported slightly higher values with 22-carat at ₹5,455 per gram and premium-grade (24 carat) reaching ₹5,955 per gram. Meanwhile, Kolkata’s prices closely mirrored Mumbai’s rates—₹5,430 for 22 carats and ₹5,930 for pure gold.

The table below summarizes these city-wise prices to provide a clear comparison:

City	Price of 22-Carat Gold (₹/gram)	Price of 24-Carat Gold (₹/gram)
Chennai	₹5,450	₹5,950
Mumbai	₹5,430	₹5,930
Delhi	₹5 ,455 < td > ₹ 59555 < / td > < tr >< td > Kolkata< / td >< td > ₹5430< / td >< td > ₹5930< / td >

Decoding Differences Among Prices of 18-, 22-, and 24-Carat Gold Varieties

The purity levels indicated by carats play a crucial role not only in determining quality but also influencing price points within India’s diverse jewelry market. The three prevalent standards—18 carat (75% purity), 22 carat (~91.6%), and purest form: 24 carat (~99.9%)—each offer distinct advantages depending on buyer preferences.

Pure or “fine” gold (24K) is prized for its softness which makes it ideal primarily as an investment asset rather than everyday wear due to its susceptibility to scratches or deformation under stress.< strong >In contrast,< / strong >the widely favored

22K offers an optimal blend between high purity & durability suitable especially during festivals & weddings.

Meanwhile,

18K provides enhanced toughness making it perfect choice when longevity matters most without sacrificing too much luster.

The pricing gap between these categories reflects their metal content differences combined with regional demand patterns influenced by economic activity levels across cities like Chennai,Mumbai ,Delhi,and Kolkata . For example:

< th scope=“col” > City< / th >< th scope=“col” > Price Per Gram -18 Carats( INR )< / th >< th scope=“col” > Price Per Gram -22 Carats( INR )< / th >< th scope=“col” > Price Per Gram -24 Carats( INR )< / th >

n
n

Mumbai

u20B94 ,750

u20B95 ,750

u20B96 ,350
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This snapshot highlights how each city exhibits slight deviations based on local buying power & supply chain factors.
Strategic Advice from Market Specialists for Today’s Gold Buyers
The enduring appeal of investing in precious metals like gold remains robust despite periodic volatility caused by geopolitical tensions or currency fluctuations.< br />
Financial analysts emphasize several key considerations before committing funds:
Tactical Timing: Monitoring short-term price dips can enable buyers to acquire quality metal at advantageous costs.
Cerification Assurance: Purchasing from trusted vendors who provide hallmark certifications ensures authenticity & protects against fraud.
Diversified Investment Goals: Clarify whether your intent is ornamental use versus portfolio diversification since this impacts preferred karat selection.
Beyond Physical Holdings: Experts recommend exploring alternative avenues such as Gold ETFs that track bullion prices electronically without storage hassles;
E-commerce Advantages: Online platforms often feature competitive pricing plus seasonal discounts enhancing affordability.
Savings Schemes Linked To Gold Deposits: Several banks now offer fixed deposit plans tied directly to prevailing bullion rates providing steady returns over time.& nbsp;
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