Gold Price Today: Gold Gets Costlier Again as 22-Carat Rate Crosses ₹1.45 Lakh in Mumbai and Kolkata

Gold prices continued their upward rally across India on Wednesday, with rates climbing higher in most major cities. Rising global uncertainty, fresh buying interest, and strong support from international bullion markets pushed domestic gold prices upward despite higher US bond yields and a stronger dollar.

At the same time, silver prices witnessed fresh weakness as industrial demand remained under pressure and investors continued profit booking after recent sharp fluctuations.

Gold Prices Rise Across Major Indian Cities

According to the latest bullion market data, gold rates increased further on May 21, 2026, in key cities including Delhi, Mumbai, Kolkata, Chennai, Bengaluru, and Hyderabad.

In the international market, spot gold prices were trading near $4,483.54 per ounce, which continued to support domestic prices in India.

Latest Gold Rates in Delhi

In Delhi, gold prices moved higher once again.

• 24-carat gold price: ₹1,58,510 per 10 grams
• 22-carat gold price: ₹1,45,310 per 10 grams

Bullion traders reported strong demand in the domestic market as investors continued to prefer gold amid global geopolitical tensions and economic uncertainty.

Mumbai and Kolkata Gold Rates

In both Mumbai and Kolkata:

• 22-carat gold price reached ₹1,45,160 per 10 grams
• 24-carat gold price climbed to ₹1,58,360 per 10 grams

The latest rise has pushed gold prices close to fresh record territory in several regions.

Chennai Sees Highest Gold Prices

Gold rates remained comparatively higher in Chennai.

• 24-carat gold price: ₹1,60,900 per 10 grams
• 22-carat gold price: ₹1,47,490 per 10 grams

South Indian markets often witness slightly higher bullion rates because of local demand patterns and regional pricing differences.

Gold Prices in Other Major Cities

Here are the latest approximate gold prices across major Indian cities:

Gold prices may vary slightly depending on:

• Local taxes
• Jeweller charges
• Transportation cost
• Regional demand

Why Gold Prices Are Rising

Commodity analysts say several global factors are supporting gold prices.

Major reasons include:

• Geopolitical tensions involving the US and Iran
• Global economic uncertainty
• Safe-haven buying by investors
• Volatility in financial markets
• Rising inflation concerns

Even though the US dollar remains strong, investors are still moving toward gold as a protective asset.

Silver Prices Continue to Slip

While gold gained strength, silver prices remained under pressure.

On May 21:

• Silver prices fell to around ₹2,79,900 per kilogram in the domestic market

In Delhi’s bullion market, silver reportedly declined by nearly ₹5,000 per kilogram during the previous trading session, taking prices close to ₹2,66,000 per kg.

International spot silver prices, however, were trading near $75.42 per ounce.

Why Silver Is Falling

Market experts believe silver prices are currently facing pressure because of:

• Weak industrial demand
• Profit booking after recent rallies
• High volatility in commodity markets

Silver had earlier witnessed an extraordinary surge this year, with prices crossing ₹4 lakh per kilogram in January 2026.

After such a sharp rally, traders are now booking profits aggressively, leading to frequent fluctuations.

Should Buyers Purchase Gold Now?

Jewellery buyers and investors are closely monitoring price trends as the wedding season and festive demand continue to influence bullion markets.

Experts advise:

• Comparing local rates before purchase
• Monitoring daily market movement
• Avoiding panic buying during volatility

Long-term investors still view gold as an important hedge against inflation and global uncertainty.

With geopolitical tensions and global commodity volatility continuing, analysts expect both gold and silver prices to remain highly sensitive in the coming weeks.