In India, gold prices remain high on May 11, 2026, driven by robust international gold demand and inflation concerns, along with the ongoing financial market volatility. Bullion prices remained strong at all major cities in the country and silver was also higher on back of the industrial demand and commodity movement in the world.
The latest retail market data showed that 24-carat gold was listed at around ₹15,234 per gram and 22-carat gold at around ₹13,964 per gram. Geopolitical tensions and safe haven buying as well as US dollar fluctuations continue to underpin precious metal prices globally, analysts said.
Over the last few weeks, gold has been on a seesaw ride, owing to the continued uncertainties regarding the global economy as well as the tensions involving the United States and Iran.
Gold rates in the cities of India are listed here
Because of transportation costs, local jeweller prices and taxes, gold prices in various cities fluctuated slightly.
Gold Rates Today – May 11, 2026
| City | 24K Gold (Per Gram) | 22K Gold (Per Gram) |
|---|---|---|
| Delhi | ₹15,249 | ₹13,979 |
| Mumbai | ₹15,234 | ₹13,964 |
| Kolkata | ₹15,234 | ₹13,964 |
| Chennai | ₹15,436 | ₹14,149 |
| Kochi | ₹14,663 | ₹13,965 |
With respect to bigger metros, Chennai maintained higher bullion prices as against Delhi, Mumbai and Kolkata.
Silver Prices Continue To Stay High
Silver price on Monday was also high, with Silver 999 being sold at approximately ₹2,74,900 per kg in all over India.
The price of sterling silver or Silver 925 was around ₹2,55,000 per kg.
Silver Rates Today – May 11, 2026
| City | Silver 999 (Per 10 Gram) |
|---|---|
| Delhi | ₹2,749 |
| Mumbai | ₹2,749 |
| Kolkata | ₹2,749 |
| Chennai | ₹2,799 |
| Kochi | ₹2,749 |
Experts pointed out that silver prices experience wider fluctuations than gold prices as they are highly sensitive to fluctuations in the trends of industrial demand and global commodity prices.
Why Gold And Silver Prices Are Rising?
According to bullion market analysts, several factors on the international and domestic fronts have been responsible for the recent increase in the price of precious metals.
The major factors contributing to the price increase are as follows:
- Global inflation concerns
- Volatility in international markets
- Weakness and fluctuation in the US dollar
- Safe-haven investment demand
- Crude oil price movement
- US-Iran uncertainty and geopolitical tensions
- Jewellery demand is high during the wedding season in India.
During times of economic uncertainty, gold continues to be one of the wealthiest sought-after investments. Jewellery buyers have also not seen a change in demand in some of the markets in India.
Technical overview of the bullion market
Market professionals are of the opinion that gold will keep on enjoying good buying support in the short term, albeit with some corrections.
Bullion prices have bounced off previous support, analysts note, and bullion may continue to be strong if the world remains uncertain.
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Silver, on the other hand, is likely to see continued heavy volatility with traders still keeping a close eye on industrial demand, commodity market sentiment and global economic data.
The international rate of gold and silver, rupee-dollar rate, import duty and seasonal demand of jewellery and investment market, in a great manner, affect the domestic bullion prices.
Jewellery buyers are advised to carefully check the live retail rates as charges +GST and local premiums can affect the final purchase rates.
