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Gold and silver prices in India have continued to remain highly volatile, with both precious metals witnessing sharp weekly movements. Over the past week, gold prices have risen significantly, while silver has also recorded a major increase despite recent corrections in the domestic market.

According to the latest market updates, 24-carat gold prices have climbed by as much as ₹6,540 per 10 grams on a weekly basis, while silver prices have increased by around ₹5,000 per kilogram.

Gold Prices Remain Elevated Despite Recent Correction

As of May 17, 2026, the price of 24-carat gold in Delhi stands at approximately ₹1,57,080 per 10 grams.

Meanwhile:

• 22-carat gold is priced at around ₹1,44,000 per 10 grams in Delhi
• Gold rates in several major cities continue to remain near record highs

However, the bullion market also witnessed profit-booking recently. On May 15, gold prices reportedly fell sharply in Delhi’s bullion market:

• 99.9% purity gold dropped by ₹3,200
• Prices slipped to around ₹1,62,000 per 10 grams

Market experts say stronger global dollar movement and heavy profit-booking by investors contributed to the temporary decline.

Why Gold Prices Are Rising

Analysts believe both domestic and international factors are influencing gold prices.

Major Factors Impacting Gold Rates

• Global geopolitical tensions
• Rising crude oil prices
• Inflation concerns
• Uncertainty in global markets
• Investor demand for safe-haven assets

Reports suggest concerns surrounding the ongoing tensions linked to the Strait of Hormuz and instability in energy supply routes have increased fears of inflation globally.

If oil and gas supply disruptions continue, inflationary pressure may rise further, pushing investors toward safer investment assets like gold.

International Gold Prices Also Remain Strong

In the international market, spot gold prices were reportedly trading around:

• $4,548.46 per ounce

Global precious metal markets continue to remain highly sensitive to:

• US economic policies
• Interest rate expectations
• Dollar strength
• Geopolitical developments

Latest Gold Prices in Major Indian Cities

Here are the latest reported gold rates across major cities:

City	22-Carat Gold (₹/10g)	24-Carat Gold (₹/10g)
Delhi	₹1,44,000	₹1,57,080
Mumbai	₹1,43,850	₹1,56,930
Ahmedabad	₹1,43,900	₹1,56,980
Chennai	₹1,47,500	₹1,60,910
Kolkata	₹1,43,850	₹1,56,930
Hyderabad	₹1,43,850	₹1,56,930
Jaipur	₹1,44,000	₹1,57,080
Bhopal	₹1,43,900	₹1,56,980
Lucknow	₹1,44,000	₹1,57,080
Chandigarh	₹1,44,000	₹1,57,080

Among major cities, Chennai currently has some of the highest gold prices.

Silver Prices Also Continue to Rise

Silver prices have also shown strong weekly gains.

According to market data:

• Silver prices increased by around ₹5,000 per kilogram over the week
• Current silver rate stands near ₹2,80,000 per kilogram

However, silver also saw a sharp correction recently. On May 15:

• Silver reportedly dropped by ₹21,600
• Prices fell to around ₹2,75,000 per kilogram in Delhi bullion markets

Government Tightens Silver Import Rules

The report also highlighted that the government has increased restrictions on silver bar imports.

For several 99.9% purity silver categories:

• Special permits may now be required
• Import regulations have become stricter

The move is reportedly aimed at controlling excessive imports and managing external financial pressures.

Silver Prices Have Been Highly Volatile in 2026

Silver has witnessed extraordinary volatility this year.

Reports indicate that:

• Silver prices crossed ₹4 lakh per kilogram in January 2026
• Prices later corrected sharply
• Volatility continues because of global uncertainty and industrial demand trends

In international markets, spot silver prices were reportedly around:

• $78.21 per ounce

Investors Advised to Remain Cautious

Financial experts say precious metal prices may continue to remain volatile because of:

• Global economic uncertainty
• Inflation concerns
• Currency fluctuations
• Geopolitical tensions

Investors are generally advised to:

• Avoid panic buying
• Track market trends carefully
• Invest according to long-term goals
• Diversify investments properly

Gold and silver continue to attract attention as traditional safe-haven assets, especially during periods of global uncertainty and inflation concerns.

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