Gold Price Today, May 7: Yellow metal opened at Rs 47,654 per 10 gram on Multi Commodity Exchange (MCX) on Friday, May 7. After opening in green on MCX, June Gold Futures was trading at Rs 47680, up Rs 85.00 or 0.18% at 9:40 am on Friday. It made its day's high at Rs 47742 per 10 gram in the opening trading session. Prithvi Commodity recommended buy around Rs 47300 for the target of Rs 47850, with Rs 46,980 stop-loss.  

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In the International market, gold prices on Friday hovered near a 2-1/2-month high, aided by a pullback in the dollar and Treasury yields as investors cautiously awaited US non-farm payrolls data for further cues on the health of the world's biggest economy, said Reuters

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Spot gold was steady at $1,814.33 per ounce after hitting its highest since February16 at $1,817.90 in the previous session, while US gold futures were down 0.1% at $1,814.30 per ounce.

Let's check what yellow metal is costing in your city

Delhi Gold Price, May 7: In the national capital, yellow metal price for 22-carat gold and 24-carat gold is Rs 45,610 and Rs 49,750 respectively.  

Mumbai Gold Price, May 7: Yellow metal is being sold at Rs 44,300 and Rs 45,300 for 22-carat gold and 24-carat gold in the financial capital on Friday.  

Chennai Gold Price, May 7: In Chennai, gold will cost you Rs 44,510 for 22-carat and Rs 48,500 24-carat on Friday.

Kolkata Gold Price, May 7: The precious metal is being sold at ₹46,350 for 22-carat and ₹49,140 for 24-carat in the eastern state.  

Please note prices are only indicative and do not include certain charges. The rates may vary in bullion shops.