Evening Market Update: Gold Rates Fall Further, Silver Holds Steady
Gold prices have continued their downward trend in the evening session on May 1, 2026, following the slight dip recorded earlier in the morning. This comes after yesterday’s (April 30) price recovery, indicating ongoing fluctuations in the market.
As per the latest update, the price of 22-carat gold has dropped by ₹130 per gram and is now trading at ₹13,920 per gram. Accordingly, the price of one sovereign (8 grams) stands at ₹1,11,360.
Similarly, 18-carat gold has declined by ₹140 per gram and is currently priced at ₹11,610 per gram.
Meanwhile, silver prices have remained stable with no change. Silver is currently trading at ₹265 per gram, which translates to ₹2,65,000 per kilogram.
This continued decline follows the brief upward movement seen on April 30 evening and the mild dip observed this morning. The sharper fall in the evening session suggests that the market remains highly volatile.
Market experts note that global economic factors, currency fluctuations, and shifting demand patterns continue to influence gold and silver prices. While recent movements showed signs of recovery, today’s consistent decline indicates uncertainty in the short-term trend.
Traders and buyers are keeping a close watch, as further fluctuations are expected in the coming sessions based on market conditions.
