Gold And Silver Prices Updated Across Major Indian Cities On May 19
Fresh gold and silver rates released across major Indian cities today.
Gold prices in India remained largely stable on Monday despite weakness in global bullion markets, while silver rates continued to rise amid fresh import restrictions and the depreciation of the Indian rupee. Analysts said domestic bullion prices have shown resilience due to strong local demand and higher import costs.
According to bullion market data, gold in India was trading at around Rs 1,59,970 per 10 grams, while silver prices stood at approximately Rs 2,77,170 per kilogram. In the international market, spot gold rose 0.4 per cent to $4,584.50 an ounce during early Singapore trading hours, while silver gained 1.2 per cent to $78.68 per ounce, according to Bloomberg.
Among major Indian cities, Mumbai recorded 24-carat gold prices at around Rs 1,59,680 per 10 grams. Kolkata followed closely at Rs 1,59,470, while Delhi reported slightly lower prices at Rs 1,59,410. Southern cities continued to witness the highest bullion rates, with Chennai leading at Rs 1,60,150 per 10 grams. Hyderabad and Bengaluru recorded gold prices of Rs 1,59,940 and Rs 1,59,810 respectively.
Silver prices also remained elevated across key metropolitan centres. Mumbai recorded silver prices at approximately Rs 2,76,670 per kilogram, while Delhi reported rates near Rs 2,76,190. In Chennai, silver traded at around Rs 2,77,470 per kilogram, making it one of the costliest markets in the country. Hyderabad and Bengaluru reported prices of roughly Rs 2,77,110 and Rs 2,76,890 respectively, while Kolkata saw silver trading near Rs 2,76,300 per kilogram.Market experts said recent curbs on silver imports, combined with the weakening rupee, have contributed to upward pressure on domestic prices.
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Since India imports a substantial portion of its bullion requirements, currency depreciation directly impacts landed costs and retail prices in local markets. Analysts also noted that geopolitical uncertainty, volatility in global commodity markets and concerns over inflation continue to influence investor interest in precious metals. While international gold prices have shown signs of weakness in recent sessions, domestic bullion rates remain supported by strong demand and import-related cost pressures.
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