Gold and silver prices in India showed sharp volatility over the past week, with gold slipping below key levels and silver hovering near record highs as investors watch whether Monday’s trade will bring further movement in bullion.
Gold and silver prices in India witnessed strong fluctuations over the past week, driven by global market cues, currency movements, and geopolitical uncertainty. The bullion market now enters Monday’s trading session with expectations of continued volatility.
Gold prices slip below key psychological level
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The price of 24-karat gold in India recently stood around ₹15,693 per gram, reflecting a broader correction after a sharp weekly surge. On a per 100 grams basis, this keeps gold well below the ₹1.57 lakh mark in retail calculations, depending on local market rates and taxes.
The yellow metal had earlier seen one of its biggest single-day jumps in recent weeks before facing profit booking and global pressure.
Silver stays near ₹2.8 lakh per kilogram
Silver prices also remained highly volatile, with rates hovering around ₹2.70–₹2.80 lakh per kilogram in major Indian cities. The white metal recently crossed the ₹3 lakh mark before easing slightly due to global selling pressure.
Despite the correction, silver continues to trade at elevated levels compared to earlier months, keeping investors cautious.
Gold, silver rate today: Check city-wise bullion prices across India
| City | Gold Price (24K, per 10 gm) | Silver Price (per kg) |
|---|---|---|
| Mumbai | ₹1,58,830 | ₹2,71,270 |
| Delhi | ₹1,57,700 | ₹2,70,800 |
| Chennai | ₹1,59,290 | ₹2,72,060 |
| Bengaluru | ₹1,58,960 | ₹2,71,480 |
| Hyderabad | ₹1,59,080 | ₹2,71,700 |
| Kolkata | ₹1,58,620 | ₹2,70,910 |
Gold and silver prices in Kerala today: Kochi, Thiruvananthapuram rates check
| City | Gold Price (24K, per 10 gm) | Silver Price (per kg) |
|---|---|---|
| Kochi | ₹1,59,020 | ₹2,71,650 |
| Thiruvananthapuram | ₹1,59,140 | ₹2,71,880 |
| Kozhikode | ₹1,58,980 | ₹2,71,420 |
| Thrissur | ₹1,59,050 | ₹2,71,560 |
| Kannur | ₹1,58,940 | ₹2,71,300 |
What is driving bullion movement?
Several global and domestic factors are influencing gold and silver prices:
- Strength in the US dollar
- Movement in US Treasury yields
- Fluctuations in crude oil prices
- Geopolitical tensions, including Iran-related developments
- Weakness in the Indian rupee supporting domestic prices
Analysts say these factors are likely to keep bullion markets sensitive in the near term.
Monday outlook: will prices rise or fall?
Market expectations suggest that gold and silver may remain volatile on Monday.
- A stronger US dollar could pressure global gold prices
- A weaker rupee could support domestic gold rates
- Safe-haven demand may provide long-term support
- Any geopolitical escalation could trigger fresh buying
Overall, analysts expect sideways-to-volatile movement with no clear directional trend at the start of the week.
Investor sentiment remains mixed
Experts continue to view gold as a long-term safe-haven asset despite short-term corrections. Some analysts suggest that dips may attract buying interest, while others warn of continued volatility due to global macroeconomic uncertainty.
Silver, meanwhile, remains more volatile than gold due to its dual role as both a precious and industrial metal.
(Disclaimer: The information provided in this article is for general informational and educational purposes only. It is based on publicly available market data and does not constitute financial, investment, trading, or professional advice. Gold and silver prices are subject to market risks and may fluctuate due to global economic conditions, currency movements, and geopolitical events. Readers are advised to consult a qualified financial advisor before making any investment decisions. The publisher does not guarantee the accuracy, completeness, or reliability of the data and is not responsible for any losses arising from its use.)
Published: 18 May 2026, 08:56 am IST
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