The price of gold increased today i.e. on 7 May. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by ₹ 538 to ₹ 97,426. Earlier the price of 10 grams of gold was ₹ 96,888. The price of one kg of silver has fallen by ₹ 80 today to ₹ 95,774 per kg.