Gold prices in India continued to trade at elevated levels on 11 May 2026, supported by strong global demand, inflation concerns and volatility in international markets.
The price of 24K gold stood at around Rs 15,234 per gram, while 22K gold was priced at approximately Rs 13,964 per gram.
Market analysts said uncertainty in global financial markets, geopolitical tensions and fluctuations in the US dollar have continued to influence bullion prices.
City-wise gold rates across India
Gold prices varied slightly across major Indian cities.
- Delhi
24K gold: Rs 15,249 per gram
22K gold: Rs 13,979 per gram
- Mumbai
24K gold: Rs 15,234 per gram
22K gold: Rs 13,964 per gram
- Kolkata
24K gold: Rs 15,234 per gram
22K gold: Rs 13,964 per gram
- Chennai
24K gold: Rs 15,436 per gram
22K gold: Rs 14,149 per gram
- Kochi
22K Gold (per gram): ₹13,965
24K Gold (per gram): ₹14,663
Chennai continued to record higher bullion prices compared to several other metros.
Silver prices remain volatile
Silver prices also remained high, with Silver 999 trading at around Rs 2,74,900 per kilogram nationally.
Silver 925, commonly known as sterling silver, was trading near Rs 2,55,000 per kilogram.
Per 10 grams, Silver 999 prices stood at:
Delhi: Rs 2,749
Mumbai: Rs 2,749
Kolkata: Rs 2,749
Chennai: Rs 2,799
Kochi: Rs 2,749
Analysts noted that silver prices continue to react sharply to industrial demand trends and international commodity market movements.
Why gold and silver prices are rising
Experts said multiple factors are contributing to the surge in bullion prices, including:
- Global inflation concerns
- Currency fluctuations
- Demand for safe-haven assets
- Geopolitical uncertainty
- Crude oil price volatility
The ongoing Iran-US tensions and broader instability in global markets have also strengthened investor interest in precious metals.
Technical outlook for gold and silver
Market reports suggest gold may continue witnessing strong buying interest in the near term despite periodic corrections.
According to bullion analysts, gold has recovered from earlier support levels and may continue moving upward if global uncertainty persists.
Silver is also expected to remain volatile, with resistance levels closely watched by traders amid fluctuating industrial demand.
Gold remains one of India's most preferred investment and jewellery assets, especially during wedding and festive seasons. Silver also holds strong demand across jewellery, industrial applications and retail investment markets.
Domestic prices are largely influenced by international bullion rates, import costs, rupee-dollar exchange movements and seasonal demand trends.
(Disclaimer: Gold and silver prices are subject to market fluctuations and may vary by city, jeweller, taxes, making charges and timing of purchase. Readers are advised to verify live rates with local bullion dealers or authorised jewellers before making any investment or purchase decisions.)