Gold and Silver Price Today in India, 21 May 2026: Prices Hold Steady After Hawkish Fed Signal; PMI and Jobless Data Key Today
Gold prices in India today are around ₹15,944 per gram for 24-carat gold, while silver prices are near ₹2,85,000 per kg. Prices are mostly stable as investors react to the US Federal Reserve’s latest policy comments.
Gold and silver rates on 21 May 2026 saw only small changes across Indian cities despite global uncertainty and tensions in West Asia. Investors are staying cautious, which has kept prices steady.
Markets are now watching key US economic data, including jobless claims and PMI reports, which could influence future interest rate decisions by the US Fed and impact gold and silver prices globally.
Gold and Silver Price Today in India - Key Highlights
| Metric | Gold 24K | Silver 999 |
|---|---|---|
| Spot Price (per 10g / per kg) | ₹1,59,440 | ₹2,85,000 |
| Retail per gram | ₹15,944 (24K) | ₹285 |
| 22K gold per gram | ₹14,660 | — |
| Change vs Yesterday | 🟢 ▲ Flat/marginal gain | 🟢 ▲ Flat/steady |
| MCX Gold (Wednesday close) | ₹1,59,419/10g | — |
| MCX Gold Change | 🟢 ▲ Settled higher | — |
| MCX Silver (Wednesday) | — | ₹2,73,900/kg |
| MCX Silver Change | — | 🔴 ▼ −0.13% |
| COMEX Gold (spot) | $4,562.19/oz | — |
| COMEX Gold Change | 🟢 ▲ +0.41% | — |
| Gold-Silver Ratio | ~53:1 | — |
| Crude Oil (Brent) | $106.13/barrel | — |
| USD/INR | ₹96.33 | — |
| Last Updated | 21 May 2026, 12:00 IST | 21 May 2026, 12:00 IST |
Gold Price Today in India (24K, 22K, per gram and 10g)
As per the latest retail market rates, 24-carat gold is trading around ₹15,944 per gram, while 22-carat gold is priced near ₹14,615 per gram. Goodreturns shows 22K gold at ₹14,660 per gram with crude oil at $106.13 and USD/INR at ₹96.33.
In India, 24K gold is trading near ₹15,836 per gram in some markets, while international spot gold remains above $4,490 per ounce. The slight variance across sources reflects different data update times and city-level premiums.
Year-on-year, gold is up 67.23% from ₹95,320/10g in May 2025. In May 2026, gold prices are expected to range between $4,380 and $5,100. Experts remain optimistic, forecasting the $5,400 to $6,000 range by the end of the year, driven by geopolitical factors and continued central bank reserve accumulation.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 24 Karat (999) | 15,944 | 1,59,440 | 15,94,400 | 🟢 ▲ Flat/steady |
| 22 Karat | 14,660 | 1,46,600 | 14,66,000 | 🟢 ▲ Flat |
| 20 Karat | 13,287 | 1,32,867 | 13,28,667 | 🟢 ▲ Flat |
| 18 Karat | 11,958 | 1,19,580 | 11,95,800 | 🟢 ▲ Flat |
| 14 Karat | 9,300 | 93,007 | 9,30,067 | 🟢 ▲ Flat |
Silver Price Today in India (per gram and per kg)
The price of silver in India today is ₹285 per gram and ₹2,85,000 per kilogram. This is the retail rate inclusive of GST and local levies. Bullions.co.in's spot rate (from the previous session) was ₹2,72,850/kg, reflecting the ex-tax base price.
Despite staying flat today, silver is still up 192.63% year-on-year from ₹97,400/kg in May 2025. The metal has held its ground in the ₹2,70,000 to ₹2,85,000 band for the past five sessions, building a base after the massive volatility of 13-16 May.
| Unit | Silver 999 Fine (₹) | Silver 925 Sterling (₹) | Silver 900 Coin (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 1 gram | 285 | 263 | 256 | 🟢 ▲ Flat |
| 10 grams | 2,850 | 2,636 | 2,565 | 🟢 ▲ Flat |
| 100 grams | 28,500 | 26,363 | 25,650 | 🟢 ▲ Flat |
| 1 kg (999 fine) | 2,85,000 | 2,63,625 | 2,56,500 | 🟢 ▲ Flat |
| 1 ounce | 8,082 | 7,476 | 7,274 | 🟢 ▲ Flat |
| 1 tola | 3,325 | 3,076 | 2,993 | 🟢 ▲ Flat |
City-Wise Gold and Silver Rates Today (21 May 2026)
Prices vary slightly across cities due to local taxes, transportation costs, and jewellers' margins. It is to be noted that gold prices in India are mainly influenced by international bullion rates, rupee-dollar movement, import duty, and seasonal jewellery demand. Chennai holds its customary premium.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) | vs Yesterday |
|---|---|---|---|---|---|
| Delhi | 2,85,000 | 285 | 1,59,440 | 1,46,153 | 🟢 ▲ Flat |
| Mumbai | 2,85,000 | 285 | 1,59,290 | 1,46,016 | 🟢 ▲ Flat |
| Chennai | 2,85,000 | 285 | 1,60,990 | 1,47,574 | 🟢 ▲ Flat |
| Hyderabad | 2,85,000 | 285 | 1,59,290 | 1,46,016 | 🟢 ▲ Flat |
| Bengaluru | 2,85,000 | 285 | 1,59,290 | 1,46,016 | 🟢 ▲ Flat |
| Kolkata | 2,85,000 | 285 | 1,59,290 | 1,46,016 | 🟢 ▲ Flat |
| Pune | 2,85,000 | 285 | 1,59,290 | 1,46,016 | 🟢 ▲ Flat |
| Ahmedabad | 2,85,000 | 285 | 1,59,340 | 1,46,062 | 🟢 ▲ Flat |
| Surat | 2,85,000 | 285 | 1,59,340 | 1,46,062 | 🟢 ▲ Flat |
| Jaipur | 2,85,000 | 285 | 1,59,440 | 1,46,153 | 🟢 ▲ Flat |
Muskaan Kapoor
MCX Gold and Silver Prices - Wednesday Close and Today's Context
On the Multi Commodity Exchange (MCX), gold settled higher at ₹1,59,419 per 10 grams on Wednesday. Silver faced some selling, with MCX prices falling nearly 0.13% to ₹2,73,900 per kg. Recent futures market data showed mild pressure on bullion, with silver witnessing a sharper correction compared to gold. NewsX
| Contract | Wednesday Close (₹) | Change | % Change | Context |
|---|---|---|---|---|
| MCX Gold — June 2026 | 1,59,419/10g | 🟢 ▲ Higher | 🟢 +ve | Settled above ₹1,59,000 |
| MCX Silver — July 2026 | 2,73,900/kg | 🔴 ▼ −0.13% | 🔴 Mild selling | Holding ₹2,70,000 floor |
Today's MCX session (Thursday, 21 May) will absorb the US Initial Jobless Claims and PMI data released overnight. Expect intraday swings, particularly in the first hour after the data lands.
Global Gold and Silver Prices - COMEX and Spot (21 May 2026)
| Commodity | Exchange | Price (USD) | Change | Notes |
|---|---|---|---|---|
| Gold Spot | COMEX/LBMA | $4,562.19/oz | 🟢 ▲ +0.41% | Holding above $4,490 |
| Silver Spot | COMEX/LBMA | ~$76–77/oz | 🔴 ▼ Soft | Mild selling continues |
| Gold-Silver Ratio | — | ~53:1 | — | Below hist. avg. of ~68 |
| Crude Oil (Brent) | — | $106.13/barrel | 🔴 ▼ Easing | Still 40%+ above pre-conflict levels bullions |
| USD/INR | — | ₹96.33 | 🔴 ▼ Rupee weak | Adds to domestic prices |
What Is Driving Gold and Silver Prices Today?
FOMC Minutes Were Hawkish, But Markets Had Expected It
Last night's FOMC minutes confirmed what most analysts already expected. The Fed is not cutting rates anytime soon. 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%.
Because this was already priced in, gold did not sell off sharply on the minutes. When bad news is expected, markets often shrug it off. That is exactly what happened.
US PMI and Jobless Claims Due Today - This Is the Real Test
On 21 May, initial jobless claims data and May PMI data for the manufacturing and services sectors are due for release. These two numbers matter because they tell the Fed whether the economy is holding up under high interest rates.
If jobless claims rise, it signals the labour market is weakening. That would give the Fed reason to consider a rate cut sooner. Gold would rally. If PMI is strong, it means the economy is doing fine under current rates. That removes the pressure on the Fed to cut, which is negative for gold and silver.
Markets are in genuine two-way territory right now.
Geopolitical Tensions Keep Safe-Haven Bid Alive
Gold prices in India and international markets continued to fluctuate sharply as geopolitical tensions, inflation fears and crude oil volatility kept investors on edge. The US-Iran conflict and global inflation risks continue to keep bullion demand firm despite intraday corrections on MCX. Analysts say the precious metal continues to act as a safe-haven asset during periods of financial instability.
Brent crude oil is trading between $105 and $111 per barrel, remaining over 40% higher than pre-conflict levels. As long as oil stays this high, inflation fears will not go away. And as long as inflation fears persist, gold holds its appeal even if interest rates are high.
Silver Remains Under Mild Pressure
Silver is the weaker performer again today. MCX silver closed down 0.13% on Wednesday and retail prices are flat rather than rising. The metal is still struggling to recover the industrial demand narrative after last week's Trump-Xi summit failure. Silver prices are hovering close to ₹2,85,000 per kilogram in the domestic bullion market. The ₹2,70,000 support on MCX is holding, but buyers are not showing conviction above ₹2,80,000 on the futures side.
Import Duty at 15% Is Still Supporting Domestic Prices
The 15% import duty raised on 13 May is still fully in effect. It has not been reversed or modified. This is why Indian retail silver at ₹2,85,000/kg sits so far above the MCX rate of ₹2,73,900. The ~₹11,000 gap between retail and MCX is GST, import duty markup, transport costs, and dealer margins, all embedded in the post-13 May pricing structure.
Gold and Silver Price Trend - Last 7 Days
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) | Move |
|---|---|---|---|---|---|
| 21 May 2026 | 2,85,000 | 1,59,440 | 2,73,900 | 1,59,419 | 🟢 ▲ Flat/steady |
| 20 May 2026 | 2,72,850 | 1,59,400 | 2,72,269 | 1,58,702 | 🔴 ▼ Gold soft |
| 19 May 2026 | 2,74,560 | 1,60,420 | 2,73,992 | 1,59,730 | 🔴 ▼ Silver falls |
| 18 May 2026 | 2,79,900 | 1,59,970 | 2,76,651 | 1,59,401 | 🟢 ▲ Flat |
| 16 May 2026 | 2,71,720 | 1,59,100 | 2,71,226 | 1,58,450 | 🔴 ▼ Both crash |
| 14 May 2026 | ~3,00,000 | 1,62,010 | ~2,95,805 | ~1,62,270 | 🟢 ▲ Historic high |
| 13 May 2026 | 3,01,000 | 1,63,000 | 2,96,439 | 1,62,375 | 🟢 ▲ Duty surge |
Gold has been remarkably stable this week, oscillating in a tight ₹1,58,000 to ₹1,60,000 range on MCX. Silver retail prices have recovered from the crash lows, holding the ₹2,85,000/kg mark. The market is in a consolidation phase, waiting for a clear catalyst.
Gold and Silver Price Outlook
Today's PMI and jobless claims data are the catalyst to watch. Here is the plain-English version of what could happen.
| Scenario | Gold Impact | Silver Impact |
|---|---|---|
| Jobless claims higher than expected + PMI weak | 🟢 ▲ Gold rallies | 🟢 ▲ Silver follows |
| Jobless claims lower + PMI strong | 🔴 ▼ Gold falls | 🔴 ▼ Silver falls harder |
| Mixed data (claims up, PMI strong) | 🟢 ▲ Mild gold bounce | 🔴 ▼ Silver stays soft |
| No major surprise in data | 🟢 ▲ Gold holds steady | 🟢 ▲ Silver consolidates |
On 21 May 2026, XAU/USD may continue to decline, though a rebound near the $4,441.34 level is possible.
Near-term MCX gold support is at ₹1,57,000. Resistance is at ₹1,62,000. For MCX silver, ₹2,70,000 remains the key floor. Tomorrow's University of Michigan inflation expectations (22 May) is the final major data point of the week.
This is for informational purposes only. Please consult a qualified financial adviser before making investment decisions.
FAQs
What is the gold price today in India per gram?
The 24-carat gold rate today in India is around ₹15,944 per gram and 22-carat gold is priced near ₹14,615 per gram as of 21 May 2026. Goodreturns shows 22K at ₹14,660 per gram. The slight difference reflects different data update times across sources.
What is the silver price today in India per kg?
The price of silver in India today is ₹285 per gram and ₹2,85,000 per kilogram as per Goodreturns (21 May 2026). This is the retail rate including GST and local levies. The MCX spot rate from Wednesday's close was ₹2,73,900/kg.
What is the MCX gold price today?
On MCX, gold settled higher at ₹1,59,419 per 10 grams on Wednesday, 20 May. Today's (Thursday, 21 May) MCX session is live and will react to the US PMI and jobless claims data released overnight. Watch for intraday swings.
What is the MCX silver price today?
MCX silver prices fell nearly 0.13% to ₹2,73,900 per kg on Wednesday. Thursday's MCX session will be the first to fully reflect the FOMC minutes' hawkish tone from last night. Expect mild downward pressure unless jobless claims surprise to the upside.
Why are gold prices not moving much today?
Gold is in a holding pattern. The FOMC minutes were hawkish as expected, so there was no surprise to trigger a big move. Markets are now waiting for the PMI and jobless claims data today. Analysts say gold continues to act as a safe-haven asset during periods of financial instability, which is why it has not fallen sharply despite the hawkish Fed tone. The US-Iran conflict and elevated crude oil above $106/barrel are providing a floor under prices.
What is the gold-silver ratio today?
The gold-silver ratio is approximately 53:1 today using retail rates (₹1,59,440 gold vs ₹2,85,000/kg silver converted per ounce). Using MCX rates, the ratio is closer to 58:1. Both are well below the historical average of ~68, confirming silver's strong outperformance over the past year despite the recent correction.
