Gold Rate Today (May 7, 2026): Gold prices in India continued to fluctuate on Thursday, May 7, reflecting ongoing uncertainty linked to tensions in West Asia involving the US and Iran. At the MCX, 24-carat gold was quoted at Rs 1,52,446 per 10 grams, up by Rs 306.00 or 0.20 per cent. In Delhi’s bullion market, 24-carat gold was quoted at Rs 1,52,390 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), was trading at Rs 1,52,446 per 10 grams in early trade. This follows a previous close of Rs 1,49,838. 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 152,460 per 10 grams.
Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities on gold prices said, “Gold witnessed a sharp rally as markets reacted positively to reports that the US and Iran are moving closer to a one-page agreement framework aimed at ending the conflict. MCX gold surged nearly ₹3000 to ₹152800 (+2%), while COMEX gold rallied around 3.45% towards $4710."
"Despite strong international gains, rupee strength limited the upside in domestic gold prices. The market is now highly focused on final confirmation and execution of the proposed deal. Any negative surprise or breakdown in negotiations could trigger a sharp selloff in gold, while a successful agreement and sustained ceasefire could push COMEX gold towards $4800 and MCX gold towards ₹155000 and above in the near term."
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