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Gold & Silver Prices in Kashmir Today – 7 May 2026

  • RK Online Desk
  • Comments 0
  • 07 May 2026

Srinagar, May 7: Gold and silver prices in Kashmir witnessed another sharp rise on Wednesday amid strong global demand and fluctuations in international bullion markets. The increase follows renewed investor interest in safe-haven assets due to geopolitical developments and volatility in the US dollar.

According to the latest bullion market updates, the price of 22-carat gold in Srinagar has climbed to around ₹14,075 per gram, while 24-carat gold is trading near ₹14,779 per gram. Silver prices have also surged, with 1 kilogram of silver crossing ₹2.75 lakh in local markets.

Gold Rates in Srinagar Today

Gold Purity Price Per Gram Price for 10 Grams
22 Carat Gold ₹14,075 ₹1,40,750
24 Carat Gold ₹14,779 ₹1,47,790

The latest data shows that gold rates have increased by more than ₹100 per gram compared to yesterday’s prices. Market analysts believe the rally is being driven by global uncertainty and increased investment demand for precious metals.

Silver Prices in Kashmir Today

Silver Weight Latest Price
1 Gram Silver ₹275
10 Grams Silver ₹2,750
1 Kilogram Silver ₹2,75,000

Silver prices in Srinagar have also recorded a notable jump over the last two trading sessions. Bullion traders say rising industrial demand and global market momentum are pushing silver prices upward.

Why Gold and Silver Prices Are Rising

Experts attribute the latest rise in bullion prices to several international and domestic factors, including:

  • Weakening US dollar
  • Increased global demand for safe-haven assets
  • Geopolitical tensions in the Middle East
  • Fluctuations in crude oil prices
  • Rising inflation concerns

International gold prices climbed for the third consecutive day as investors reacted to developments surrounding a possible US-Iran peace agreement and declining Treasury yields.

Gold Buying Trends in Kashmir

In Kashmir, demand for gold and silver traditionally increases during the wedding season and festive occasions. Jewellery traders in Srinagar’s markets have reported steady customer footfall despite the sharp increase in prices.

Many buyers are also turning towards lightweight jewellery and digital gold investments as bullion prices continue to remain volatile.

Should You Buy Gold Now?

Financial experts advise buyers and investors to closely monitor market trends before making large purchases. While gold remains one of the safest long-term investment options, short-term price fluctuations may continue due to changing global economic conditions.

Investors looking for long-term wealth protection may still consider gradual buying through systematic investment approaches.

Conclusion

Gold and silver prices in Kashmir remain on an upward trajectory as global bullion markets continue to strengthen. With 22-carat gold above ₹14,000 per gram and silver touching nearly ₹2.75 lakh per kilogram, buyers are advised to stay updated with daily market rates before making purchases.

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