Gold prices continued their upward march across major Indian cities on May 21, with both 22-carat and 24-carat gold becoming more expensive amid strong domestic buying and firm global trends.

In Delhi, the price of 24-carat gold rose to ₹1,58,510 per 10 grams, while Mumbai and Kolkata saw 22-carat gold rates touch ₹1,45,160 per 10 grams. Meanwhile, silver prices witnessed a decline due to weak industrial demand and ongoing profit-booking pressure.

Gold Prices Rise Across Major Indian Cities

Domestic bullion markets remained strong despite elevated US bond yields and a stronger dollar. Fresh buying interest in precious metals continued to support gold prices in India.

In the international market, spot gold was trading around $4,483.54 per ounce.

Gold Rates in Delhi

• 24-Carat Gold: ₹1,58,510 per 10 grams


• 22-Carat Gold: ₹1,45,310 per 10 grams

Gold Rates in Mumbai and Kolkata

• 24-Carat Gold: ₹1,58,360 per 10 grams


• 22-Carat Gold: ₹1,45,160 per 10 grams

Gold Rates in Chennai

• 24-Carat Gold: ₹1,60,900 per 10 grams


• 22-Carat Gold: ₹1,47,490 per 10 grams

Gold Rates in Pune and Bengaluru

• 24-Carat Gold: ₹1,58,360 per 10 grams


• 22-Carat Gold: ₹1,45,160 per 10 grams

Latest Gold Price Table

Silver Prices Slip Amid Weak Demand

Unlike gold, silver prices showed weakness on May 21.

Silver rates fell to around ₹2,79,900 per kilogram in the domestic market. A day earlier, silver prices in Delhi had reportedly declined by ₹5,000 to ₹2,66,000 per kilogram.

Analysts believe silver remains volatile because of:

• Weak industrial demand


• Profit-booking after recent rallies


• Sharp fluctuations in global commodity markets

Earlier this year, silver prices in India had crossed the ₹4 lakh per kilogram mark, highlighting the extreme volatility seen in the precious metals segment.

In the international market, spot silver was trading around $75.42 per ounce.

Why Gold Prices Are Staying Strong

Experts say several global factors are continuing to support gold prices, including:

• Geopolitical tensions in West Asia


• Central bank gold buying


• Inflation concerns


• Currency fluctuations


• Investor demand for safe-haven assets

Despite short-term volatility, market analysts believe gold may continue to remain strong if global uncertainty persists.