Noida, May 18 (APAC Media): Gold prices remained largely steady across major Indian cities on Monday, while silver rates witnessed a marginal decline amid mixed global market trends and cautious investor sentiment.
According to bullion market data, 24-carat gold was priced at around Rs 15,637 per gram in Delhi, while 22-carat gold traded near Rs 14,335 per gram. Similar price levels were reported in Mumbai, Kolkata and Bengaluru, with minor variations due to local levies and transportation charges.
City-Wise Gold, Silver Rates Today (May 18)
| City | 🟡 24K Gold (₹/g) | 🟡 22K Gold (₹/g) | ⚪ Silver (₹/kg) |
|---|---|---|---|
| Delhi | ₹15,620 | ₹14,320 | ₹2,75,000 |
| Mumbai | ₹15,605 | ₹14,305 | ₹2,75,000 |
| Kolkata | ₹15,620 | ₹14,320 | ₹2,75,000 |
| Chennai | ₹15,680 | ₹14,380 | ₹2,80,000 |
| Bangalore | ₹15,622 | ₹14,320 | ₹2,75,000 |
| Hyderabad | ₹15,622 | ₹14,320 | ₹2,80,000 |
| Ahmedabad | ₹15,610 | ₹14,315 | ₹2,75,000 |
| Pune | ₹15,605 | ₹14,305 | ₹2,75,000 |
Silver prices, however, edged lower in domestic markets. The metal traded at nearly Rs 290 per gram in Delhi and Mumbai, while rates in southern cities such as Chennai and Hyderabad remained slightly higher.
Market analysts attributed the movement in precious metal prices to fluctuations in international bullion markets, a firm US dollar and uncertainty surrounding global economic growth. Rising US Treasury yields also weighed on gold demand, limiting gains in overseas markets.
Traders said investors continued to monitor geopolitical developments and expectations surrounding the US Federal Reserve’s future interest rate decisions, which are likely to influence bullion prices in the coming sessions.
On the Multi Commodity Exchange (MCX), gold futures for June delivery traded with mild gains after witnessing volatility during intraday trade. Silver futures also remained under pressure due to weak industrial demand signals and profit-booking by investors.
Experts noted that domestic bullion markets could remain range-bound in the near term as investors await fresh cues from global inflation data and central bank commentary.
India remains one of the world’s largest consumers of gold, with demand typically rising during the wedding season and festive periods.
Bullion dealers said retail buying activity remained moderate despite stable prices, as consumers awaited clearer market direction.
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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