Gold Rate Today, May 6: How much you have to pay for 18, 22, 24 carat gold

Amid hopes of a likely end to the US-Iran war, gold prices rose today on Wednesday (May 6, 2026). 24 carat gold was retailing at ₹1,55,190 per 10 gm in the National Capital.

Gold price in India mirror movement in the International bullion market. Other factors that determine gold price locally include factors like local demand, transportation cost etc.

As of May 6, 2026, here below are the latest rates across major brands.

Tanishq: 22 carat gold is priced at ₹1,39,900 per 10 gm, while the price of 24 carat gold is ₹1,52,620. Further, 18 carat gold was priced at ₹1,14,460.

Joyalukkas: 22 carat gold is priced at ₹1,39,450 per 10 gm.

Kalyan Jewellers: 22 carat gold is priced at ₹1,39,450 per 10 gm, while the price of 24 carat gold is ₹1,52,130. Similarly 18 carat gold has also surged in price to ₹1,14,100 per 10 gm.

Malabar Gold: 22 carat gold is priced for ₹1,39,450 and 24 carat gold is retailing at ₹ 1,52,130 per 10 gm.

India Bullion and Jewellers Association (IBJA's) indicative retail selling rates for gold jewellery are as below:

Fine gold (999): 15,086

22 carat: 14,724

18 carat: 12,220

14 carat: 9730

Factors influencing gold rate today

Gold prices on Wednesday recorded a surge amid hopes of peace talks between the US and Iran, and as the dollar index fell.

US President Donald Trump has halted the US military operation for opening the Strait of Hormuz, amid development towards a “complete and final agreement with the representatives of Iran”.

Trump has commented that the operation is being halted for “a short period” to assess if an agreement is being reached with Tehran.

Meanwhile, Iranian President Masoud Pezeshkian said the US is continuing with “a policy of maximum pressure” and is expecting "Iran to submit to their unilateral demands”, which is “impossible” for Tehran.

Alongside, the dollar index is trading with a cut of 0.6% at 97.91. Any losses in the dollar supports metal like gold as it makes gold cheaper for holders of other currencies.