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Gold Rate Today, 6 May 2026: If you are planning to buy gold or silver, then there is good news for you. The shine of gold has faded in the Indian bullion market for the third consecutive day. Due to international pressure and the strength of the dollar, the prices of gold and silver are continuing to fall in the domestic market. Within the last three days, a huge reduction of ₹1760 per ten grams has been seen in the price of 24 carat gold.

Gold prices fell from Delhi to Mumbai

Today i.e. on May 6, a slight decline of ₹ 10 per ten grams was recorded in the price of 24 carat and 22 carat gold in the capital Delhi, but if we look at the total figure of the last three days, this fall is quite big. In these three days, 22 carat gold has also become cheaper by ₹ 1610. Experts believe that due to global cues, there is currently pressure on the yellow metal.

Huge movement in silver prices

Along with gold, silver has also surprised investors. After two days of stability, silver prices have fallen for the second consecutive day. Today in Delhi, silver has become cheaper by ₹ 100 per kg and is trading at ₹ 2,54,900. The surprising thing is that in the last two days, silver has fallen by a total of ₹ 10,100 per kg. However, silver prices in Chennai still remain high compared to other metros.

Today’s price in major cities of the country (per 10 grams)

Why are gold prices falling?

According to Kranti Bathini, Research Director, Wealthmills Securities, the strength of the US dollar and rising prices of crude oil have put a brake on the movement of gold. When the dollar strengthens, the trend of investors starts moving away from gold towards the currency. Apart from this, gold prices are also under pressure due to reduced expectations of interest rate cut in America. Currently, gold is in the ‘consolidation phase’, that is, after a big rise, the prices are now trying to stabilize.

Will the shine increase again? Experts’ opinion

Even though gold appears to be weak in the short term, institutions like Goldman Sachs are predicting a rise in the long term. Experts say that prices may rise again due to purchases of gold by central banks around the world and possible interest rate cuts by the end of the year. It is estimated that by the end of 2026, gold may touch the level of ₹1.63 lakh per 10 grams ($5,400 per ounce).