Gold prices continued to move higher today (Thursday, May 7, 2026) with both gold and silver witnessing a sharp rally amid easing global inflation concerns and improving diplomatic signals between the US and Iran.
Gold outlook
Prithviraj Kothari, managing director, RiddiSiddhi Bullions Ltd., president, India Bullion and Jewellers Association Ltd. (IBJA), “Gold and silver rallied sharply — rising 3% and 6%, respectively — as US-Iran de-escalation prospects weighed on oil prices and eased inflation fears. Diplomatic progress is accelerating, with both sides close to a 14-point framework covering nuclear curbs and phased sanctions relief.”
Check the latest gold prices at leading jewellery brands such as Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas today. Also see the latest retail jewellery prices of gold and silver at IBJA.
22k gold price at Tanishq today
Tanishq's current price for 22k gold jewellery is Rs 14,020 per gram as of May 7, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on May 6, 2026, was Rs 13,990.
22k gold rate at Joyalukkas today
The current price for 22k gold jewellery at Joyalukkas is Rs 13,975 per gram as of May 7, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of 22k gold on May 6, 2026, was Rs 13,870.
22k gold rate at Kalyan Jewellers today
The latest price for 22k gold jewellery at Kalyan Jewellers is Rs 13,975 per gram as of May 7, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of 22k gold on May 6, 2026, was Rs 13,870.
22k gold price at Malabar Gold & Diamonds
Malabar Gold & Diamonds' latest price for 22k gold jewellery is Rs 13,975 per gram as of May 7, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of 22k gold on May 6, 2026, was Rs 13,870.
IBJA indicative retail selling rates for gold jewellery (May 7, 2026, AM rates)
- Fine Gold (999) Rs 15,124
- 22 KT Gold Rs 14,761
- 20 KT Gold Rs 13,460
- 18 KT Gold Rs 12,250
- 14 KT Gold Rs 9,755
- Silver (999) Rs 2,51,385 per kg
IBJA gold and silver rates (May 6, 2026 – PM rates)
- Fine Gold (999) Rs 15,086 per gram
- 22 KT Gold Rs 14,724 per gram
- 20 KT Gold Rs 13,427 per gram
- 18 KT Gold Rs 12,220 per gram
- 14 KT Gold Rs 9,730 per gram
- Silver (999) Rs 2,49,067 per kg
Comparing IBJA indicative retail selling rates for gold May 7 vs May 6
| Gold/Silver Type | 7 May 2026 (AM) | 6 May 2026 (PM) | Change |
| Fine Gold (999) | Rs 15,124 | Rs 15,086 | Rs 38 |
| 22 KT Gold | Rs 14,761 | Rs 14,724 | Rs 37 |
| 20 KT Gold | Rs 13,460 | Rs 13,427 | Rs 33 |
| 18 KT Gold | Rs 12,250 | Rs 12,220 | Rs 30 |
| 14 KT Gold | Rs 9,755 | Rs 9,730 | Rs 25 |
| Silver (999) | Rs 2,51,385 per kg | Rs 2,49,067 per kg | ▲ Rs 2,318 per kg |
