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New Delhi: Gold prices in the country continue to maintain a steady upward trajectory. Over the last week, a hike of up to Rs 2,130 per 10 grams was recorded in the price of 24-carat gold, while 22-carat gold became dearer by up to Rs 1,950 per 10 grams. On May 24, the price of 24-carat gold in the national capital, Delhi, reached Rs 159,210 per 10 grams, while 22-carat gold was trading at Rs 145,950 per 10 grams.
Gold prices are currently being influenced by a confluence of both domestic and global factors. In the international market, spot gold has surged to $4,522.32 per ounce, thereby fostering a bullish sentiment within the Indian market as well.
Market Focus on US-Iran Negotiations
Currently, investors' attention remains firmly fixed on the ongoing negotiations between the United States and Iran. Global markets have remained apprehensive regarding the tensions and conflict prevailing in the Middle East since February 28, 2026. Investor activity has notably intensified, driven by expectations of a potential agreement—particularly concerning the Strait of Hormuz.
US President Donald Trump has stated that an agreement with Iran is largely finalized, with only the final details remaining to be ironed out. It is widely believed that if these negotiations prove successful, the Strait of Hormuz could reopen; such a development would likely have a significant impact on both international markets and gold prices.
Latest Gold Rates in Major Cities
Minor variations in gold prices are currently being observed across different cities within the country. In Delhi, 24-carat gold is priced at Rs 159,210 per 10 grams, while 22-carat gold stands at Rs 145,950 per 10 grams.
In Mumbai and Kolkata, the price of 22-carat gold is Rs 145,800 per 10 grams, whereas 24-carat gold is trading at Rs 159,060 per 10 grams.
Chennai has recorded the highest gold prices. Here, 24-carat gold has reached Rs 160,690 per 10 grams, and 22-carat gold has reached Rs 147,300 per 10 grams.
Prices in Pune and Bengaluru also remain on par with those in Mumbai and Kolkata. Here, 24-carat gold is priced at Rs 159,060 per 10 grams, and 22-carat gold is at Rs 145,800 per 10 grams.
Additionally, in Ahmedabad and Bhopal, 24-carat gold is at Rs 159,110 per 10 grams, and 22-carat gold is at Rs 145,850 per 10 grams. Rates in Jaipur, Lucknow, and Chandigarh also remain consistent with those in Delhi.
Sharp Rise in Silver Prices as Well
Alongside gold, silver prices also continue to rise. Over the past week, silver has become dearer by up to Rs 5,000 per kilogram. On the morning of May 24, the price of silver was recorded at Rs 285,000 per kilogram. In the international market, spot silver is trading at $78.21 per ounce.
According to data from the Ministry of Commerce, silver imports surged by 157.16 percent in April, reaching $411 million. Meanwhile, for the fiscal year 2025-26, silver imports rose by approximately 150 percent to reach $12 billion. In terms of volume, silver imports increased by 42 percent, totaling 7,334.96 tonnes.
