Gold & silver rate in May 2024
In May 2024, 24K gold (999) in India rose 2.4%, opening at ₹70,955 and closing at ₹72,654 per 10 g. It ranged between ₹69,905 on 3 May 2024 and ₹73,757 on 21 May 2024, across 31 trading days. Silver 999 rose 13.3% to ₹91,392 per kg.
India-wide reference rates. A city price differs by the local premium a dealer applies there. Recorded at 03:00 IST each weekday, covering the overnight international session.
May 2024 in figures
Hover, drag or use the arrow keys to read any day.
Gold 999Silver 999
Indexed to 100 at the start of the range, so two very different prices can be compared on one scale.
- Gold 999
- +2.39%
- Silver 999
- +13.30%
- Gold : silver ratio
- 79.5
- Ran harder
- Silver 999
₹72,654
₹91,392
10 g of gold per 10 g of silver
1 May 2024 → 31 May 2024
Gold, day by day
999 (24K) per 10 g. Recorded at 03:00 IST each weekday, covering the overnight international session.
| Date | Rate (per 10 g) | Change |
|---|---|---|
| 31 May 2024 | ₹72,654 | −₹52 |
| 30 May 2024 | ₹72,706 | −₹30 |
| 29 May 2024 | ₹72,736 | +₹134 |
| 28 May 2024 | ₹72,602 | −₹106 |
| 27 May 2024 | ₹72,708 | +₹441 |
| 26 May 2024 | ₹72,267 | ₹0 |
| 25 May 2024 | ₹72,267 | +₹66 |
| 24 May 2024 | ₹72,201 | −₹277 |
| 23 May 2024 | ₹72,478 | −₹803 |
| 22 May 2024 | ₹73,281 | −₹476 |
| 21 May 2024 | ₹73,757 | +₹582 |
| 20 May 2024 | ₹73,175 | +₹34 |
| 19 May 2024 | ₹73,141 | +₹1 |
| 18 May 2024 | ₹73,140 | +₹246 |
| 17 May 2024 | ₹72,894 | +₹463 |
| 16 May 2024 | ₹72,431 | +₹372 |
| 15 May 2024 | ₹72,059 | +₹418 |
| 14 May 2024 | ₹71,641 | −₹127 |
| 13 May 2024 | ₹71,768 | −₹890 |
| 12 May 2024 | ₹72,658 | ₹0 |
| 11 May 2024 | ₹72,658 | +₹22 |
| 10 May 2024 | ₹72,636 | +₹808 |
| 9 May 2024 | ₹71,828 | +₹751 |
| 8 May 2024 | ₹71,077 | +₹129 |
| 7 May 2024 | ₹70,948 | +₹451 |
| 6 May 2024 | ₹70,497 | +₹473 |
| 5 May 2024 | ₹70,024 | ₹0 |
| 4 May 2024 | ₹70,024 | +₹119 |
| 3 May 2024 | ₹69,905 | −₹116 |
| 2 May 2024 | ₹70,021 | −₹934 |
| 1 May 2024 | ₹70,955 | — |
Silver, day by day
999 per kg.
| Date | Rate (per kg) | Change |
|---|---|---|
| 31 May 2024 | ₹91,392 | −₹737 |
| 30 May 2024 | ₹92,129 | −₹884 |
| 29 May 2024 | ₹93,013 | +₹510 |
| 28 May 2024 | ₹92,503 | +₹1,136 |
| 27 May 2024 | ₹91,367 | +₹3,042 |
| 26 May 2024 | ₹88,325 | +₹2 |
| 25 May 2024 | ₹88,323 | −₹296 |
| 24 May 2024 | ₹88,619 | −₹70 |
| 23 May 2024 | ₹88,689 | −₹1,748 |
| 22 May 2024 | ₹90,437 | −₹2,269 |
| 21 May 2024 | ₹92,706 | +₹2,078 |
| 20 May 2024 | ₹90,628 | +₹1,868 |
| 19 May 2024 | ₹88,760 | +₹1 |
| 18 May 2024 | ₹88,759 | +₹1,335 |
| 17 May 2024 | ₹87,424 | +₹2,233 |
| 16 May 2024 | ₹85,191 | +₹1,238 |
| 15 May 2024 | ₹83,953 | +₹292 |
| 14 May 2024 | ₹83,661 | +₹308 |
| 13 May 2024 | ₹83,353 | +₹32 |
| 12 May 2024 | ₹83,321 | −₹1 |
| 11 May 2024 | ₹83,322 | +₹388 |
| 10 May 2024 | ₹82,934 | +₹117 |
| 9 May 2024 | ₹82,817 | +₹589 |
| 8 May 2024 | ₹82,228 | +₹7 |
| 7 May 2024 | ₹82,221 | +₹315 |
| 6 May 2024 | ₹81,906 | +₹1,471 |
| 5 May 2024 | ₹80,435 | −₹1 |
| 4 May 2024 | ₹80,436 | +₹345 |
| 3 May 2024 | ₹80,091 | −₹549 |
| 2 May 2024 | ₹80,640 | −₹21 |
| 1 May 2024 | ₹80,661 | — |
Average weights and purities in May 2024
A 22K figure is a metal value at 916 fineness, not a jewellery invoice — making charges, wastage and 3% GST come on top.
Gold
| 24K per gram | ₹7,204 |
|---|---|
| 24K per 8 grams | ₹57,629 |
| 24K per 10 grams | ₹72,037 |
| 24K per tola1 tola = 11.6638 g | ₹84,022 |
| 24K per 100 grams | ₹7,20,367 |
| 22K per gramDerived at 916 fineness | ₹6,599 |
| 22K per 10 gramsDerived at 916 fineness | ₹65,986 |
| 22K per tolaDerived at 916 fineness | ₹76,964 |
Silver
| 999 per gram | ₹86 |
|---|---|
| 999 per 10 grams | ₹861 |
| 999 per 100 grams | ₹8,614 |
| 999 per kilogram | ₹86,137 |
Questions, answered
Gold and silver in May 2024 — common questions
What was the gold rate in May 2024?
24K gold (999) opened May 2024 at ₹70,955 per 10 g and closed at ₹72,654, averaging ₹72,037 across 31 trading days.
What was the highest gold rate in May 2024?
₹73,757 per 10 g of 24K gold, on 21 May 2024. The lowest was ₹69,905 on 3 May 2024.
Did gold go up or down in May 2024?
Gold rose 2.39% over May 2024, a gain of ₹1,699 per 10 g.
What was the 22K gold rate in May 2024?
22K is 916 fine, so the average of ₹72,037 per 10 g of 24K corresponds to about ₹65,986 per 10 g of 22K, or ₹6,599 per gram. This is a derived metal value, not a jewellery invoice.
What was the silver rate in May 2024?
999 silver averaged ₹86,137 per kg in May 2024, ranging from ₹80,091 on 3 May 2024 to ₹93,013 on 29 May 2024.
Why do some dates have no rate?
The Indian bullion market is closed on Saturdays and Sundays, so no reading is taken. Nothing is carried forward or interpolated — a gap is a closed market, not a missing number.
