Gold prices continued their upward rally across India on Wednesday, with rates climbing higher in most major cities. Rising global uncertainty, fresh buying interest, and strong support from international bullion markets pushed domestic gold prices upward despite higher US bond yields and a stronger dollar.
At the same time, silver prices witnessed fresh weakness as industrial demand remained under pressure and investors continued profit booking after recent sharp fluctuations.
According to the latest bullion market data, gold rates increased further on May 21, 2026, in key cities including Delhi, Mumbai, Kolkata, Chennai, Bengaluru, and Hyderabad.
In the international market, spot gold prices were trading near $4,483.54 per ounce, which continued to support domestic prices in India.
In Delhi, gold prices moved higher once again.
Bullion traders reported strong demand in the domestic market as investors continued to prefer gold amid global geopolitical tensions and economic uncertainty.
In both Mumbai and Kolkata:
The latest rise has pushed gold prices close to fresh record territory in several regions.
Gold rates remained comparatively higher in Chennai.
South Indian markets often witness slightly higher bullion rates because of local demand patterns and regional pricing differences.
Here are the latest approximate gold prices across major Indian cities:
| City | 22-Carat Gold (₹ per 10g) | 24-Carat Gold (₹ per 10g) |
|---|---|---|
| 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 |
Gold prices may vary slightly depending on:
Commodity analysts say several global factors are supporting gold prices.
Major reasons include:
Even though the US dollar remains strong, investors are still moving toward gold as a protective asset.
While gold gained strength, silver prices remained under pressure.
On May 21:
In Delhi’s bullion market, silver reportedly declined by nearly ₹5,000 per kilogram during the previous trading session, taking prices close to ₹2,66,000 per kg.
International spot silver prices, however, were trading near $75.42 per ounce.
Market experts believe silver prices are currently facing pressure because of:
Silver had earlier witnessed an extraordinary surge this year, with prices crossing ₹4 lakh per kilogram in January 2026.
After such a sharp rally, traders are now booking profits aggressively, leading to frequent fluctuations.
Jewellery buyers and investors are closely monitoring price trends as the wedding season and festive demand continue to influence bullion markets.
Experts advise:
Long-term investors still view gold as an important hedge against inflation and global uncertainty.
With geopolitical tensions and global commodity volatility continuing, analysts expect both gold and silver prices to remain highly sensitive in the coming weeks.
