This study investigated seasonal variation in PM10 aerosols and associated trace metal concentrations in an urban city Raipur, India. PM10 aerosols were monitored at Raipur for the year 2015 to 2019. Eighteen trace elements (Al, Ba, Ca, Cr, As, Mn, Sb, Se, Sr, Cu, Fe, Ga, Mg, Ni, Ti, V, Pb, Zn) and (EC and OC) were analyzed using atomic absorption spectroscopy and thermal optical transmittance technique. A receptor-based positive matrix factorization (PMF) model was used to identify the possible sources with qualitative analysis of crustal enrichment factor, back-trajectory analysis using concentration weighted trajectory (CWT) to predict potential locations of distant sources, and correlation between different species. The average PM10 aerosol mass concentration during the study period was found to be 184.91 ± 114 µg/m³. Seasonally, the average winter–time PM10 concentration (193.49 ± 129.18 µg/m³) was found higher as compared to summer time (176.32 ± 65.80 µg/m³) during the study period. Five sources were identified including the iron and steel industry (30%), biomass and waste combustion (28.7%), vehicular emissions (21%), heavy oil combustion (17.4%), and crustal dust (2.9%). The study provides information on major sources affecting air quality.