Noida, May 20 (APAC Media): Gold prices in India extended gains for a second consecutive session on Wednesday, tracking firm global cues and renewed domestic buying interest.
According to market data, 24-karat gold rose by Rs 1,310 per 10 grams to around Rs 158,350, while 22-karat gold climbed to approximately Rs 145,150 per 10 grams.
The price of 18-karat gold also increased to nearly Rs 118,760 per 10 grams. The uptick marks a continuation of the recent recovery in bullion prices after a phase of volatility in earlier sessions.
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In major cities including Delhi, Mumbai and Kolkata, retail gold rates largely mirrored the national trend, with slight variations due to local taxes, transportation costs and jeweller margins.
🟡 Gold Price (24K / 10 grams)
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Delhi | ₹1,58,300 – ₹1,58,500 | ₹1,45,100 – ₹1,45,300 | ₹1,18,700 – ₹1,18,900 |
| Mumbai | ₹1,58,250 – ₹1,58,450 | ₹1,45,000 – ₹1,45,200 | ₹1,18,600 – ₹1,18,800 |
| Kolkata | ₹1,58,300 – ₹1,58,500 | ₹1,45,100 – ₹1,45,300 | ₹1,18,700 – ₹1,18,900 |
| Chennai | ₹1,58,600 – ₹1,58,900 | ₹1,45,400 – ₹1,45,700 | ₹1,19,000 – ₹1,19,200 |
| Bengaluru | ₹1,58,300 – ₹1,58,550 | ₹1,45,100 – ₹1,45,350 | ₹1,18,700 – ₹1,18,950 |
Market analysts attributed the rise to a combination of factors, including fluctuating US Treasury yields, movements in the dollar index, and sustained safe-haven demand amid global economic uncertainty. A relatively softer rupee at intervals also supported domestic prices, making imports costlier.
⚪ Silver Price (per kg / per gram equivalent)
| City | Silver (1 kg) | Silver (10 g) |
|---|---|---|
| Delhi | ₹2,85,000 | ₹2,850 |
| Mumbai | ₹2,84,800 – ₹2,85,000 | ₹2,848 – ₹2,850 |
| Kolkata | ₹2,85,000 | ₹2,850 |
| Chennai | ₹2,85,500 – ₹2,86,000 | ₹2,855 – ₹2,860 |
| Bengaluru | ₹2,85,000 | ₹2,850 |
Traders noted that sentiment in the bullion market has improved following recent corrections, though volatility remains elevated. Expectations around US Federal Reserve policy direction continue to influence global gold movements, with investors closely watching inflation data and interest rate signals.
Experts added that while the short-term trend remains positive, price direction will depend on upcoming macroeconomic indicators and global risk sentiment. Domestic demand is also expected to play a key role in determining near-term movement, particularly ahead of seasonal buying periods.
Overall, gold continues to trade in a sensitive range, reacting sharply to global cues, currency fluctuations and policy developments, keeping investors cautious in the near term.
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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