Gold prices continued their upward march across major Indian cities on May 21, with both 22-carat and 24-carat gold becoming more expensive amid strong domestic buying and firm global trends.
In Delhi, the price of 24-carat gold rose to ₹1,58,510 per 10 grams, while Mumbai and Kolkata saw 22-carat gold rates touch ₹1,45,160 per 10 grams. Meanwhile, silver prices witnessed a decline due to weak industrial demand and ongoing profit-booking pressure.
Gold Prices Rise Across Major Indian CitiesDomestic bullion markets remained strong despite elevated US bond yields and a stronger dollar. Fresh buying interest in precious metals continued to support gold prices in India.
In the international market, spot gold was trading around $4,483.54 per ounce.
Gold Rates in Delhi| Delhi | ₹1,45,310 | ₹1,58,510 |
| Mumbai | ₹1,45,160 | ₹1,58,360 |
| Ahmedabad | ₹1,45,210 | ₹1,58,410 |
| Chennai | ₹1,47,490 | ₹1,60,900 |
| Kolkata | ₹1,45,160 | ₹1,58,360 |
| Hyderabad | ₹1,45,160 | ₹1,58,360 |
| Jaipur | ₹1,45,310 | ₹1,58,510 |
| Bhopal | ₹1,45,210 | ₹1,58,410 |
| Lucknow | ₹1,45,310 | ₹1,58,510 |
| Chandigarh | ₹1,45,310 | ₹1,58,510 |
Unlike gold, silver prices showed weakness on May 21.
Silver rates fell to around ₹2,79,900 per kilogram in the domestic market. A day earlier, silver prices in Delhi had reportedly declined by ₹5,000 to ₹2,66,000 per kilogram.
Analysts believe silver remains volatile because of:
Earlier this year, silver prices in India had crossed the ₹4 lakh per kilogram mark, highlighting the extreme volatility seen in the precious metals segment.
In the international market, spot silver was trading around $75.42 per ounce.
Why Gold Prices Are Staying StrongExperts say several global factors are continuing to support gold prices, including:
Despite short-term volatility, market analysts believe gold may continue to remain strong if global uncertainty persists.
