Gold prices extended their upward momentum across major Indian cities on Friday as fresh buying activity in precious metals continued to support the domestic bullion market. Despite strong US bond yields and a firm dollar, gold remained in demand globally, helping prices climb further in India.
According to the latest bullion market data, 24-carat gold prices surged in Delhi, Mumbai, Chennai, Kolkata and several other cities on May 22, 2026. Silver prices also witnessed renewed strength after recent volatility in international and domestic markets.
In the national capital, Delhi, 24-carat gold climbed to ₹1,60,240 per 10 grams, while 22-carat gold was trading at ₹1,46,760 per 10 grams.
Market experts said continued investor interest in safe-haven assets and fresh buying in bullion supported the rally in gold prices even as the US dollar index remained strong.
Internationally, spot gold was trading around $4,534.54 per ounce, reflecting sustained global demand for precious metals amid economic uncertainty and geopolitical tensions.
| City | 22-Carat Gold Price (₹) | 24-Carat Gold Price (₹) |
|---|---|---|
| Delhi | 146760 | 160240 |
| Mumbai | 146610 | 159940 |
| Ahmedabad | 146660 | 160140 |
| Chennai | 148110 | 161680 |
| Kolkata | 146610 | 159940 |
| Hyderabad | 146610 | 159940 |
| Jaipur | 146760 | 160240 |
| Bhopal | 146660 | 160140 |
| Lucknow | 146760 | 160240 |
| Chandigarh | 146760 | 160240 |
Alongside gold, silver prices also returned to an upward trend after recent sharp fluctuations. On Friday morning, silver prices climbed to nearly ₹2,85,100 per kilogram in the domestic market.
A day earlier, silver prices in Delhi’s bullion market had jumped by ₹5,000 to touch ₹2,71,000 per kilogram. Analysts believe silver remains highly volatile due to weak industrial demand, global uncertainty, and continuous profit booking by traders after massive rallies earlier this year.
International spot silver prices were trading near $75.39 per ounce.
Bullion analysts believe several major factors are supporting gold prices globally:
Even though higher US bond yields generally pressure non-yielding assets like gold, renewed buying by global investors has helped precious metals remain resilient.
Market experts say gold may continue to remain volatile in the short term, but the long-term outlook for precious metals remains positive due to global uncertainty and inflation concerns.
Jewellery buyers are being advised to monitor daily price fluctuations carefully before making purchases, especially during periods of rapid movement in bullion prices.
For long-term investors, analysts still consider gold and silver important hedging assets during uncertain market conditions.
