Gold rate today (May 6, 2026): Check 24K, 22K, 18K prices in Delhi, Mumbai, Kolkata, Chennai, Lucknow and other major cities

Gold Rate Today (May 6, 2026): Gold prices in India continued to fluctuate on Wednesday, May 6, reflecting ongoing uncertainty linked to tensions in West Asia involving the US. In Delhi’s bullion market, 24-carat gold was quoted at Rs 1,52,500 per 10 grams (inclusive of taxes). Meanwhile, data from Indian Bullion and Jewellers Association showed the morning rate for 24-carat gold at Rs 1,47,636 per 10 grams. On the Multi Commodity Exchange (MCX), gold futures for August delivery rose marginally by 0.06 percent, or Rs 85, to Rs 1,49,838 per 10 grams in early trade. This follows a previous close of Rs 1,49,753.

Despite the slight uptick, prices remain well below the all-time high of Rs 1,80,779 per 10 grams recorded on January 29 in the futures market.

As per GoodReturns, the retail price of 24-carat gold stood at Rs 149,230 per 10 grams.

24K, 22K, 18K Gold Rate In Delhi, Chennai, Mumbai And Other Major Cities

In international markets, spot gold hovered around $4,549.57 per ounce. Market sentiment has been shaped by geopolitical developments and movements in crude oil prices, particularly around the Strait of Hormuz.

According to PTI, Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities, said that gold remained under pressure on Tuesday as well. Investor sentiment was affected by concerns about rising tensions in West Asia and its implications for the overall macroeconomic outlook. He said that the fragile security situation around the Strait of Hormuz has further increased concerns about energy-induced inflation and the continuation of tight monetary policies by central banks for a longer period. Gandhi said that now that the conflict is in its tenth week, investors are preferring the dollar and bonds in response to the changing macroeconomic situation, while they are staying away from gold. This is further increasing pressure on precious metals.

Praveen Singh of Mirae Asset Sharekhan noted in the report that spot gold remained around $4,550 per ounce. This was due to the softening of crude oil prices on expectations of US military protection of commercial ships, although this decline in oil prices will likely be temporary.

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