Noida, May 11 (APAC Media): Gold prices fell 1.2% on Monday as persistent gains in crude oil heightened inflation concerns and reinforced expectations of prolonged high interest rates, while stalled U.S.–Iran peace negotiations further dampened market sentiment.
Gold prices declined in futures trade on May 11, tracking weak global cues and subdued spot demand. On the Multi Commodity Exchange (MCX), gold futures for June delivery fell by Rs 462, or 0.3%, to Rs 152,068 per 10 grams, with a business turnover of 1,337 lots.
Analysts said the decline was driven by weak global signals weighing on market sentiment. In international markets, gold futures also eased 0.84% to USD 4,675.66 per ounce in New York.
Gold Demand Fears Trigger 11% Fall in Jewellery Stocks After PM Modi’s Gold Buying Remarks
Gold prices slipped amid uncertainty over stalled US–Iran peace talks and rising crude oil prices, which fuelled fresh inflation concerns and reduced expectations of near-term interest rate cuts.
Spot gold fell 0.6% to USD 4,684.32 per ounce, while US gold futures for June delivery declined 0.8% to USD 4,692.70.
Gold & Silver Prices (11 May 2026) – City-wise
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) | Silver 999 (₹/kg) |
|---|---|---|---|
| Delhi | ₹1,51,225 | ₹1,38,500 | ₹2,64,900 |
| Mumbai | ₹1,50,930 | ₹1,38,350 | ₹2,64,900 |
| Kolkata | ₹1,50,930 | ₹1,38,500 | ₹2,64,900 |
| Chennai | ₹1,52,730 | ₹1,40,000 | ₹2,69,900 |
The decline came as escalating tensions in the Middle East pushed oil prices higher, stoking fears that persistent inflation could keep interest rates elevated for longer, weighing on the appeal of non-yielding assets like gold.
Traders said retail demand remains steady, though price sensitivity continues to influence buying patterns, especially in the jewellery segment.
Market experts said precious metals are currently reacting to a mix of factors, including:
- Geopolitical uncertainty in key regions
- US Federal Reserve policy expectations
- Movement in the US dollar index
- Crude oil price trends
- Industrial demand outlook for silver
Analysts expect gold to remain range-bound in the near term, with support from safe-haven buying balanced by pressure from macroeconomic tightening signals. Silver is likely to remain more volatile due to its dual role as both an industrial and investment asset.
Investors are advised to track global economic data releases and central bank commentary for clearer directional cues in the coming sessions.
Disclaimer:
Gold prices and rates are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
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Gold Demand Fears Trigger 11% Fall in Jewellery Stocks After PM Modi’s Gold Buying Remarks
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