Current Gold Prices in India: Fluctuations Amid Global Tensions
Gold Rate Update for May 22, 2026
Gold Prices Today: On Friday, May 22, 2026, gold prices in India experienced notable fluctuations as investors monitored the escalating tensions between the United States and Iran. The 24-carat gold futures on the MCX dropped by Rs 318, or 0.2%, settling at Rs 1,59,288 per 10 grams after the market opened. Previously, the price was Rs 1,59,606 per 10 grams. In the Delhi bullion market, the price for 24-carat gold rose to Rs 1,65,500 per 10 grams, inclusive of taxes. Over the last three trading days, gold prices have increased by Rs 2,700. According to GoodReturns, 24-carat gold was trading at Rs 1,60,230 per 10 grams on Friday, while the Indian Bullion and Jewellers Association (IBJA) reported a price of Rs 1,58,538 per 10 grams in the morning session. Despite the recent decline, gold remains near historically high levels, having reached a peak of Rs 1,80,779 per 10 grams earlier this year on January 29. Bullion traders attribute the volatility to global investors seeking safe-haven assets amid ongoing uncertainties in West Asia.
Gold Rates in Major Cities
Gold Prices in Key Cities:
| City | 24 Carat Gold Rate (10 grams) | 22 Carat Gold Rate (10 grams) | 18 Carat Gold Rate (10 grams) |
| Delhi | Rs 160230 | Rs 146750 | Rs 120100 |
| Mumbai | Rs 159930 | Rs 146600 | Rs 119950 |
| Kolkata | Rs 159930 | Rs 146600 | Rs 119950 |
| Chennai | Rs 161670 | Rs 148100 | Rs 124250 |
| Patna | Rs 160130 | Rs 146650 | Rs 120000 |
| Lucknow | Rs 160230 | Rs 146750 | Rs 120100 |
| Ayodhya | Rs 160230 | Rs 146750 | Rs 120100 |
| Meerut | Rs 160230 | Rs 146750 | Rs 120100 |
| Kanpur | Rs 160230 | Rs 146750 | Rs 120100 |
| Ghaziabad | Rs 160230 | Rs 146750 | Rs 120100 |
| Noida | Rs 160230 | Rs 146750 | Rs 120100 |
| Gurugram | Rs 160230 | Rs 146750 | Rs 120100 |
| Jaipur | Rs 160230 | Rs 146750 | Rs 120100 |
| Ludhiana | Rs 160230 | Rs 146750 | Rs 120100 |
| Guwahati | Rs 159930 | Rs 146600 | Rs 119950 |
| Indore | Rs 160130 | Rs 146650 | Rs 120000 |
| Ahmedabad | Rs 160130 | Rs 146650 | Rs 120000 |
| Vadodara | Rs 160130 | Rs 146650 | Rs 120000 |
| Appearance | Rs 160130 | Rs 146650 | Rs 120000 |
| Pune | Rs 159930 | Rs 146600 | Rs 119950 |
| Nagpur | Rs 159930 | Rs 146600 | Rs 119950 |
| Chandigarh | Rs 160230 | Rs 146750 | Rs 120100 |
| Nashik | Rs 159960 | Rs 146630 | Rs 119980 |
| Bangalore | Rs 159930 | Rs 146600 | Rs 119950 |
| Bhubaneswar | Rs 159930 | Rs 146600 | Rs 119950 |
| Cuttack | Rs 159930 | Rs 146600 | Rs 119950 |
| Kerala | Rs 159930 | Rs 146600 | Rs 119950 |
| Raipur | Rs 159930 | Rs 146600 | Rs 119950 |
| Hyderabad | Rs 159930 | Rs 146600 | Rs 119950 |
Factors Influencing Gold Prices
Reasons for Elevated Gold Prices:
Market analysts indicate that geopolitical tensions and inflation concerns are keeping gold prices elevated. Traders are exercising caution due to the uncertainty surrounding the US-Iran situation and potential disruptions in the Strait of Hormuz, which have increased demand for precious metals. Despite a decline in international trends, domestic bullion prices remain stable due to a weak rupee and consistent investor interest. Analysts also noted that futures prices faced downward pressure as speculators reduced their positions in response to weak spot demand.
Global Influences on Gold Volatility
Global Factors Affecting Gold Prices:
Traders have pointed out that ongoing geopolitical issues in West Asia and global inflation concerns are driving demand for gold, even in the face of strong US bond yields. The uncertainty surrounding the US-Iran conflict and potential disruptions in the Strait of Hormuz have kept demand for gold steady, while a weak rupee has further supported local prices. Despite a drop in international markets, domestic bullion prices have remained resilient.