Gold prices continued their downward trend for the third consecutive day on May 6, while silver prices also remained under pressure for the second straight session. Market experts say stronger movement in the US dollar and rising crude oil prices have added pressure on precious metals globally, impacting domestic bullion prices across India.

According to market reports, the price of 24-carat gold has declined sharply over the past three days, while silver has also witnessed a significant correction in major Indian cities.

Investors and jewellery buyers are closely tracking price movements as volatility in global markets continues to influence bullion rates.

Gold Prices Continue to Decline

Reports indicate that over the last three days:

• 24-carat gold has become cheaper by around ₹1,760 per 10 grams


• 22-carat gold has declined by approximately ₹1,610 per 10 grams

On May 6, gold prices in Delhi reportedly slipped slightly again, with both 24K and 22K gold becoming cheaper by ₹10 per 10 grams.

Market analysts say the strengthening US dollar and movement in crude oil prices are among the major factors currently affecting gold demand and global bullion sentiment.

Latest Gold Rates in Major Indian Cities

Here are the latest reported prices for 18K, 22K, and 24K gold across key Indian cities:

City 24K Gold Price (10 gm) 22K Gold Price (10 gm) 18K Gold Price (10 gm)

Delhi	₹1,49,220	₹1,36,890	₹1,12,030
Mumbai	₹1,49,170	₹1,36,740	₹1,11,880
Kolkata	₹1,49,170	₹1,36,740	₹1,11,880
Chennai	₹1,50,760	₹1,38,190	₹1,15,290
Bengaluru	₹1,49,170	₹1,36,740	₹1,11,880
Hyderabad	₹1,49,170	₹1,36,740	₹1,11,880
Lucknow	₹1,49,320	₹1,36,890	₹1,12,030
Patna	₹1,49,220	₹1,36,790	₹1,11,930
Jaipur	₹1,49,320	₹1,36,890	₹1,12,030
Ahmedabad	₹1,49,220	₹1,36,790	₹1,11,930

Prices may vary slightly depending on local taxes, jeweller margins, and making charges.

Silver Prices Also Under Pressure

Silver prices have also weakened after remaining stable earlier this week.

According to reports, silver prices in Delhi have fallen significantly over the past two days.

The price reportedly declined by:

Around ₹10,100 per kilogram

during the recent correction phase.

Silver often reacts strongly to:

• Industrial demand


• Global economic outlook


• Dollar movement


• Commodity market trends

Why Gold Prices Are Falling

Market experts say several international factors are currently influencing gold prices.

Major reasons include:

• Strengthening US dollar


• Rising crude oil prices


• Global economic uncertainty


• Interest rate expectations


• Profit booking by investors

When the dollar strengthens, gold often becomes relatively expensive for international buyers, which may reduce demand temporarily.

Gold Remains a Key Investment in India

Despite short-term volatility, Gold continues to remain one of the most preferred investment and savings options in India.

Gold is widely purchased for:

• Weddings


• Festivals


• Long-term savings


• Portfolio diversification


• Wealth protection

Many investors still consider gold a relatively safer asset during uncertain market conditions.

Experts Advise Tracking Market Trends Carefully

Financial experts suggest that investors and jewellery buyers should continue monitoring:

• International bullion markets


• Dollar index movement


• Crude oil prices


• Central bank policy updates

before making large purchases or investment decisions.

With global markets remaining volatile, precious metal prices may continue witnessing fluctuations in the coming days.