Gold Becomes Costlier Amid Wedding Season Demand; Silver Price Also Rises Slightly on May 3, 2025
If you’re planning to buy gold or silver this weekend, take note — the prices have changed once again. After fluctuating twice on Friday, gold prices have risen sharply on Saturday (May 3, 2025). With the ongoing wedding season, demand for gold jewellery is increasing, pushing prices upward. Silver rates have also witnessed a minor increase today.
Let’s take a look at the latest gold and silver rates in India:
📈 Gold and Silver Price Today – May 3, 2025
| Metal | Purity | Weight | Price (INR) |
|---|---|---|---|
| Gold | 24 Karat (995 Fine) | 1 gram | ₹9,331 |
| Gold | 22 Karat (Buying Rate) | 1 gram | ₹8,865 |
| Gold | 22 Karat (Selling Rate) | 1 gram | ₹8,491 |
| Gold | 18 Karat | 1 gram | ₹7,280 |
| Silver | 999 Purity | 1 kg | ₹93,358 |
🔍 Why Are Prices Rising?
Experts say the ongoing wedding season has led to higher demand for gold, particularly in the form of jewellery. Additionally, rising international prices have contributed to the domestic spike. This trend is expected to continue in the coming weeks.
🪙 Gold as an Investment: Is It Still Profitable?
Gold isn’t just a cultural or festive symbol — it’s also a popular long-term investment. Pure 24-karat gold, sold mostly as coins or bars, is typically preferred by investors looking to store wealth. With today’s rising rates, early investors could be seeing increased returns.
💍 Planning to Buy Jewellery? Be Aware of Real Costs
Jewellery is generally made from 22-karat gold, and its price includes not just the gold value, but also making charges and GST. This means the final cost could be significantly higher than just the per-gram rate.