Gold and Silver Price Today in India, 19 May 2026: Gold Rises as Trump Signals Iran Deal Possible, Silver Drops 1% on Rate Fears
The gold price today in India is ₹16,042 per gram for 24-carat gold, up 0.28% from Monday. The silver price today in India is ₹2,74,560 per kg, falling 0.94% as rate-cut hopes fade further.
Gold and silver prices in India showed a mixed trend on 19 May. MCX gold surged to cross ₹1.59 lakh, hitting an intraday high of ₹1,59,899 per 10 grams in the opening bell. However, MCX silver dropped to an intraday low of ₹2,75,221 per kg. The tension in safe-haven assets follows a decline in crude oil prices by 2% after US President Donald Trump delayed fresh attacks on Iran and stated there was a good chance of a nuclear deal with Iran.
This is the key story today: gold and silver are moving in opposite directions, and the reason is simple. Gold is benefiting from safe-haven demand. Silver is being hurt by fading industrial demand expectations.
Gold and Silver Price Today in India - Key Highlights
| Metric | Gold 24K | Silver 999 |
|---|---|---|
| Spot Price (per 10g / per kg) | ₹1,60,420 | ₹2,74,560 |
| Change vs Yesterday | 🟢 ▲ +₹450 | 🔴 ▼ −₹2,610 |
| % Change | 🟢 ▲ +0.28% | 🔴 ▼ −0.94% |
| Retail per gram | ₹16,042 (24K) | ₹275 |
| MCX Gold (June 2026) | ₹1,59,730/10g | — |
| MCX Gold Change | 🟢 ▲ +₹329 (+0.21%) | — |
| MCX Silver (July 2026) | — | ₹2,73,992/kg |
| MCX Silver Change | — | 🔴 ▼ −₹2,659 (−0.96%) |
| COMEX Gold | $4,549.90/oz | — |
| COMEX Gold Change | 🔴 ▼ −$8.10 (−0.18%) | — |
| COMEX Silver | $76.47/oz | — |
| COMEX Silver Change | 🔴 ▼ −$0.98 (−1.26%) | — |
| Gold-Silver Ratio | ~59.5:1 | — |
| Crude Oil (Brent) | $110.51/barrel | 🔴 ▼ −2% |
| USD/INR | ₹96.46 | — |
| Last Updated | 19 May 2026, 14:00 IST | 19 May 2026, 14:00 IST |
Gold Price Today in India (24K, 22K, per gram and 10g)
Today's gold rate in India is ₹16,042 per gram for 24-carat gold, ₹14,705 per gram for 22-carat gold, and ₹12,032 per gram for 18-carat gold.
On a 10-gram basis, 24K gold stands at ₹1,60,420, up ₹450 from yesterday's close of ₹1,59,970. This is a modest but meaningful recovery. Gold is up 4.16% from one week ago (₹1,54,010 on 12 May) and up 71.21% year-on-year from ₹93,700/10g in May 2025.
According to the World Gold Council, global gold demand reached a record high in the first quarter of 2026 amid the ongoing Middle East crisis. Total demand, including OTC investment, rose 2% year-on-year to 1,230.9 tonnes. Bar and coin demand totalled 474 tonnes, up 42% year-on-year, marking the second-highest quarterly figure on record.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 24 Karat (999) | 16,042 | 1,60,420 | 16,04,200 | 🟢 ▲ +0.28% |
| 22 Karat | 14,705 | 1,47,052 | 14,70,517 | 🟢 ▲ |
| 20 Karat | 13,368 | 1,33,683 | 13,36,833 | 🟢 ▲ |
| 18 Karat | 12,032 | 1,20,315 | 12,03,150 | 🟢 ▲ |
| 14 Karat | 9,358 | 93,578 | 9,35,783 | 🟢 ▲ |
Silver Price Today in India (per gram and per kg)
The silver price today in India is ₹275 per gram and ₹2,74,560 per kg for 999 fine silver. Goodreturns shows the retail silver rate at ₹285 per gram and ₹2,85,000 per kg, which includes 3% GST and dealer margins on top of the spot rate.
Silver is down 0.94% from yesterday's close of ₹2,77,170/kg. On a one-week basis, silver is down 1.79% from ₹2,79,570/kg on 12 May. However, year-on-year silver is still up a remarkable 187.14% from ₹95,620/kg in May 2025.
| Unit | Silver 999 Fine (₹) | Silver 925 Sterling (₹) | Silver 900 Coin (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 1 gram | 275 | 254 | 247 | 🔴 ▼ −3 |
| 10 grams | 2,746 | 2,540 | 2,471 | 🔴 ▼ −26 |
| 100 grams | 27,456 | 25,397 | 24,710 | 🔴 ▼ −261 |
| 1 kg (999 fine) | 2,74,560 | 2,53,968 | 2,47,104 | 🔴 ▼ −2,610 |
| 1 ounce | 7,784 | 7,200 | 7,005 | 🔴 ▼ |
| 1 tola | 3,202 | 2,962 | 2,882 | 🔴 ▼ |
City-Wise Gold and Silver Rates Today (19 May 2026)
The retail silver rate today is ₹2,85,000 per kg and 22-carat gold is ₹14,395 per gram across major Indian cities. Chennai holds its customary premium over other metros. All rates below are indicative retail prices as of 14:00 IST, 19 May 2026.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) | vs Yesterday |
|---|---|---|---|---|---|
| Delhi | 2,85,000 | 285 | 1,60,420 | 1,47,052 | 🟢 ▲ Gold up |
| Mumbai | 2,85,000 | 285 | 1,60,270 | 1,46,914 | 🟢 ▲ Gold up |
| Chennai | 2,85,000 | 285 | 1,61,970 | 1,48,472 | 🟢 ▲ Gold up |
| Hyderabad | 2,85,000 | 285 | 1,60,270 | 1,46,914 | 🟢 ▲ Gold up |
| Bengaluru | 2,85,000 | 285 | 1,60,270 | 1,46,914 | 🟢 ▲ Gold up |
| Kolkata | 2,85,000 | 285 | 1,60,270 | 1,46,914 | 🟢 ▲ Gold up |
| Pune | 2,85,000 | 285 | 1,60,270 | 1,46,914 | 🟢 ▲ Gold up |
| Ahmedabad | 2,85,000 | 285 | 1,60,320 | 1,46,960 | 🟢 ▲ Gold up |
| Surat | 2,85,000 | 285 | 1,60,320 | 1,46,960 | 🟢 ▲ Gold up |
| Jaipur | 2,85,000 | 285 | 1,60,420 | 1,47,052 | 🟢 ▲ Gold up |
Note: Retail silver from Goodreturns (₹2,85,000/kg) includes GST and dealer margins. Bullions.co.in spot rate is ₹2,74,560/kg. MCX rate is ₹2,73,992/kg.
Muskaan Kapoor
MCX Gold and Silver Prices Today (19 May 2026)
MCX gold surged to cross ₹1.59 lakh, hitting an intraday high of ₹1,59,899 per 10 grams at the opening bell. MCX silver dropped to an intraday low of ₹2,75,221 per kg. The divergence between the two metals is the defining feature of today's session.
| Contract | Price (₹) | Change | % Change | Intraday High | Intraday Low | Prev. Close |
|---|---|---|---|---|---|---|
| MCX Gold — June 2026 | 1,59,730/10g | 🟢 ▲ +329 | 🟢 +0.21% | 1,60,030 | 1,59,161 | 1,59,401 |
| MCX Silver — July 2026 | 2,73,992/kg | 🔴 ▼ −2,659 | 🔴 −0.96% | 2,76,666 | 2,73,300 | 2,76,651 |
MCX gold is holding above ₹1,59,000 comfortably, showing buyers are active on dips. MCX silver's failure to hold above ₹2,75,000 is a near-term negative signal. The ₹2,73,000 to ₹2,75,000 range is now the critical support zone to watch.
Global Gold and Silver Prices - COMEX and Spot (19 May 2026)
| Commodity | Exchange | Price (USD) | Change | % Change | Intraday High | Intraday Low |
|---|---|---|---|---|---|---|
| Gold Futures | COMEX | $4,549.90/oz | 🔴 ▼ −$8.10 | 🔴 −0.18% | $4,593.20 | $4,533.90 |
| Silver Futures | COMEX | $76.47/oz | 🔴 ▼ −$0.98 | 🔴 −1.26% | $79.40 | $76.05 |
| Gold-Silver Ratio | — | ~59.5:1 | 🟢 ▲ Rising | — | — | — |
Spot gold traded lower and struggled around $4,550 per ounce on Tuesday, whilst spot silver dropped by 2% to trade around $76 per ounce. COMEX silver's intraday high of $79.40 before dropping to $76.05 shows just how volatile the metal remains. The gold-silver ratio rising to ~59.5:1 confirms gold is outperforming silver today.
What Is Driving Gold and Silver Prices Today?
1. Trump hints at a good chance of a nuclear deal with Iran
This is the biggest story today. US President Donald Trump delayed fresh attacks on Iran and stated there was a good chance of a nuclear deal with Iran. The US main agenda is that Iran agrees to give up on making any nuclear weapons.
This is a double-edged signal for markets. On one hand, it reduces the immediate risk of military escalation, which should push safe-haven gold down. On the other hand, the deal is not done yet, so uncertainty remains. Gold is holding up because investors are not ready to fully price in a resolution.
2. No Fed rate cuts in sight — the hawks are winning
The hawkish macro scenario has erased all hopes of rate cuts from the US Federal Reserve as inflationary pressure has heightened. According to CME Group, the probability of a rate cut to 3.25 to 3.50% in June stands at just 2.6%, whilst 97.4% of market participants expect rates to remain unchanged at 3.50 to 3.75%.
High interest rates are bad for both gold and silver because they are non-yielding assets. But the effect on silver is stronger, because silver also needs industrial demand to hold up. When rate fears rise, investors worry about a manufacturing slowdown, and that hits silver harder.
3. Crude oil falls 2% but stays above $110
Crude oil prices fell by 2% after Trump delayed fresh attacks on Iran. Brent crude is at $110.51 per barrel. A fall in oil reduces the inflation-hedge argument for precious metals slightly. But at $110 per barrel, oil remains at elevated levels that keep inflation fears very much alive. This is why gold has not sold off sharply despite the Iran de-escalation signal.
4. Silver soared earlier this morning — then gave it all back
Bullions.co.in's earlier news headline today read "Silver Soars as Dollar Dips and Oil Prices Fall." Silver briefly rallied in the morning session before retreating sharply. This kind of intraday reversal shows that silver sellers are aggressive at any sign of strength. The metal needs a clear positive catalyst to sustain gains right now.
5. FOMC minutes tomorrow are the next big test
The FOMC minutes are due for release on 20 May. Markets will closely watch for any signal that Fed policymakers are concerned about inflation risks from the Iran oil shock. Four policymakers dissented at the last meeting, highlighting a growing policy divide. If the minutes sound more hawkish than expected, silver could fall further. If there is any hint of dovish concern about growth, both metals could bounce.
Gold vs Silver Performance - Trend Analysis
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) | Move |
|---|---|---|---|---|---|
| 19 May 2026 | 2,74,560 | 1,60,420 | 2,73,992 | 1,59,730 | 🟢 ▲ Gold up / 🔴 ▼ Silver down |
| 18 May 2026 | 2,77,170 | 1,59,970 | 2,76,651 | 1,59,401 | 🔴 ▼ Silver soft |
| 16 May 2026 | 2,71,720 | 1,59,100 | 2,71,226 | 1,58,450 | 🔴 ▼ Both crash |
| 13 May 2026 | 2,96,910 | 1,63,000 | 2,96,439 | 1,62,375 | 🟢 ▲ Duty shock rally |
| 12 May 2026 | 2,79,570 | 1,54,010 | 2,79,062 | 1,53,442 | 🔴 ▼ Both fall |
| 1 Month Ago | 2,59,230 | 1,54,910 | — | — | — |
| 1 Year Ago | 95,620 | 93,700 | — | — | — |
Gold is up 4.16% from one week ago and 3.56% from one month ago. Silver is down 1.79% from last week but up 5.91% from one month ago. The gold-silver divergence today is a reminder that the two metals, while linked, respond differently to the same news.
Gold and Silver Price Outlook (19 May 2026)
All eyes are on the FOMC minutes tomorrow. Here is what to watch.
| Factor | Direction | Impact on Gold and Silver |
|---|---|---|
| Trump hints at Iran nuclear deal | 🟢 De-escalation | 🔴 Reduces war premium |
| FOMC minutes (20 May) | Uncertain | Big move expected either way |
| Fed rate cut probability: 2.6% | 🔴 Hawkish | 🔴 Silver hurt more than gold |
| Crude oil at $110.51, down 2% | 🔴 Falling slightly | 🔴 Reduces inflation hedge need |
| 15% import duty still in force | 🔴 Structural | 🟢 Domestic price floor intact |
| WGC: record Q1 2026 gold demand | 🟢 Structural | 🟢 Long-term gold demand robust |
| USD/INR at ₹96.46 | 🔴 Rupee weak | 🟢 Adds to INR prices of metals |
Near-term support for MCX gold is at ₹1,57,000. Resistance is at ₹1,62,000. For MCX silver, ₹2,70,000 to ₹2,73,000 is the critical support zone. A break below could push silver toward ₹2,60,000.
This is for informational purposes only. Please consult a qualified financial adviser before making investment decisions.
FAQs on Gold and Silver Prices in India (19 May 2026)
What is the gold price today in India per gram?
The gold price today in India is ₹16,042 per gram for 24-carat gold, ₹14,705 per gram for 22-carat gold, and ₹12,032 per gram for 18-carat gold as of 19 May 2026 (Bullions.co.in, 14:00 IST). Gold is up 0.28% from Monday's close of ₹1,59,970/10g.
What is the silver price today in India per kg?
The silver price today in India is ₹2,74,560 per kg for 999 fine silver and ₹275 per gram (Bullions.co.in, 14:00 IST). Goodreturns shows the retail rate at ₹2,85,000 per kg, which includes GST and dealer margins. Silver is down 0.94% from Monday's close.
What is the MCX gold price today?
MCX gold (June 2026) is trading at ₹1,59,730/10g, up ₹329 or 0.21% from the previous close of ₹1,59,401. The intraday range is ₹1,59,161 to ₹1,60,030.
What is the MCX silver price today?
MCX silver (July 2026) is at ₹2,73,992/kg, down ₹2,659 or 0.96% from the previous close of ₹2,76,651. The intraday range is ₹2,73,300 to ₹2,76,666. Silver hit an intraday low of ₹2,75,221 in early trade before stabilising slightly.
Why is gold rising but silver falling today?
Trump stated there was a good chance of a nuclear deal with Iran and delayed fresh attacks, which caused crude oil prices to fall by 2%. This is positive for gold as a safe-haven (uncertainty remains) but negative for silver, which relies on both safe-haven and industrial demand. When rate-cut hopes are also near zero, silver's industrial demand side faces additional headwinds that gold does not share.
