Gold and Silver Price Today in India, 22 May 2026: Both Metals Slip Mildly, Will University of Michigan Inflation Data Tip the Scale Today?
The gold price today in India is ₹16,003 per gram for 24-carat gold, down 0.24% from yesterday. The silver price today in India is ₹2,74,830 per kg, falling 0.26% in early trade.
Gold is trading at $4,535.79 as of 22 May 2026. Both metals are soft in the morning session as markets wrap up a heavy data week. The final major event today is the University of Michigan consumer inflation expectations release. This will tell the market how much ordinary Americans expect inflation to rise — and that directly influences how the Federal Reserve might respond.
Today is also the last MCX trading day before the weekend. 23 and 24 May 2026 are non-trading days for gold. Traders who want to adjust positions ahead of the weekend will do so today, which can add extra pressure or lift to prices in the afternoon session.
Gold and Silver Price Today in India - Key Highlights
| Metric | Gold 24K | Silver 999 |
|---|---|---|
| Spot Price (per 10g / per kg) | ₹1,60,030 | ₹2,74,830 |
| Change vs Yesterday | 🔴 ▼ −₹390 | 🔴 ▼ −₹720 |
| % Change | 🔴 ▼ −0.24% | 🔴 ▼ −0.26% |
| Retail per gram | ₹16,003 (24K) | ₹275 |
| 22K gold per gram | ₹14,669 | — |
| MCX Gold (June 2026) | ₹1,59,300/10g | — |
| MCX Gold Change | 🔴 ▼ −₹306 (−0.19%) | — |
| MCX Silver (July 2026) | — | ₹2,74,200/kg |
| MCX Silver Change | — | 🔴 ▼ −₹683 (−0.25%) |
| COMEX Gold | $4,528.40/oz | — |
| COMEX Gold Change | 🔴 ▼ −$14.10 (−0.31%) | — |
| COMEX Silver | $76.88/oz | — |
| COMEX Silver Change | 🟢 ▲ +$0.15 (+0.19%) | — |
| Gold-Silver Ratio | ~59:1 | — |
| 1 Day Ago (Gold) | ₹1,60,420 | — |
| 1 Week Ago (Gold) | ₹1,59,100 | — |
| 1 Month Ago (Gold) | ₹1,53,130 | — |
| 1 Year Ago (Gold) | ₹96,040 | — |
| 1 Day Ago (Silver) | ₹2,75,550 | — |
| 1 Week Ago (Silver) | ₹2,71,720 | — |
| 1 Month Ago (Silver) | ₹2,49,860 | — |
| 1 Year Ago (Silver) | ₹98,120 | — |
| Last Updated | 22 May 2026, 10:20 IST | 22 May 2026, 10:20 IST |
Gold Price Today in India (24K, 22K, per gram and 10g)
The gold price today in India is ₹16,003 per gram for 24-carat gold, ₹14,669 per gram for 22-carat gold, ₹12,002 per gram for 18-carat gold, and ₹9,335 per gram for 14-carat gold.
On a per-10g basis, 24K gold stands at ₹1,60,030. This is down ₹390 from yesterday's close of ₹1,60,420. Gold is up 0.58% from one week ago, up 4.51% from one month ago, and up 66.63% year-on-year from ₹96,040/10g in May 2025.
Despite today's mild dip, gold has recovered well from the week of 13-16 May when prices swung wildly on the import duty shock. The metal is now consolidating in a ₹1,58,000 to ₹1,61,000 range on MCX.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 24 Karat (999) | 16,003 | 1,60,030 | 16,00,300 | 🔴 ▼ −0.24% |
| 22 Karat | 14,669 | 1,46,694 | 14,66,942 | 🔴 ▼ |
| 20 Karat | 13,336 | 1,33,358 | 13,33,583 | 🔴 ▼ |
| 18 Karat | 12,002 | 1,20,023 | 12,00,225 | 🔴 ▼ |
| 14 Karat | 9,335 | 93,351 | 9,33,508 | 🔴 ▼ |
Silver Price Today in India (per gram and per kg)
The silver price today in India is ₹275 per gram and ₹2,74,830 per kg for 999 fine silver. Silver 925 sterling is ₹254 per gram and ₹2,54,218 per kg. Silver 900 coin is ₹247 per gram.
Silver is down ₹720 or 0.26% from yesterday's close of ₹2,75,550/kg. On MCX, silver is also softer, down ₹683 to ₹2,74,200/kg. On COMEX, silver is the only bright spot today, up a very slight 0.19%.
Year-on-year, silver is up 180.10% from ₹98,120/kg in May 2025. Month-on-month, silver is up 9.99% from ₹2,49,860/kg on 22 April. Week-on-week, silver is up 1.14% from ₹2,71,720/kg last Friday.
| Unit | Silver 999 Fine (₹) | Silver 925 Sterling (₹) | Silver 900 Coin (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 1 gram | 275 | 254 | 247 | 🔴 ▼ −1 |
| 10 grams | 2,748 | 2,542 | 2,473 | 🔴 ▼ −7 |
| 100 grams | 27,483 | 25,422 | 24,735 | 🔴 ▼ −72 |
| 1 kg (999 fine) | 2,74,830 | 2,54,218 | 2,47,347 | 🔴 ▼ −720 |
| 1 ounce | 7,791 | 7,207 | 7,012 | 🔴 ▼ |
| 1 tola | 3,206 | 2,965 | 2,885 | 🔴 ▼ |
City-Wise Gold and Silver Rates Today (22 May 2026)
All city rates reflect this morning's Bullions.co.in data (10:20 IST). Chennai carries its standard premium. Rates include applicable state levies. Confirm with your local jeweller before buying as rates update throughout the day.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) | vs Yesterday |
|---|---|---|---|---|---|
| Delhi | 2,74,830 | 275 | 1,60,030 | 1,46,694 | 🔴 ▼ Both soft |
| Mumbai | 2,74,830 | 275 | 1,59,880 | 1,46,557 | 🔴 ▼ Both soft |
| Chennai | 2,74,830 | 275 | 1,61,580 | 1,48,115 | 🔴 ▼ Both soft |
| Hyderabad | 2,74,830 | 275 | 1,59,880 | 1,46,557 | 🔴 ▼ Both soft |
| Bengaluru | 2,74,830 | 275 | 1,59,880 | 1,46,557 | 🔴 ▼ Both soft |
| Kolkata | 2,74,830 | 275 | 1,59,880 | 1,46,557 | 🔴 ▼ Both soft |
| Pune | 2,74,830 | 275 | 1,59,880 | 1,46,557 | 🔴 ▼ Both soft |
| Ahmedabad | 2,74,830 | 275 | 1,59,930 | 1,46,603 | 🔴 ▼ Both soft |
| Surat | 2,74,830 | 275 | 1,59,930 | 1,46,603 | 🔴 ▼ Both soft |
| Jaipur | 2,74,830 | 275 | 1,60,030 | 1,46,694 | 🔴 ▼ Both soft |
MCX Gold and Silver Prices Today (22 May 2026)
MCX gold (June 2026) is at ₹1,59,300/10g, down ₹306 or 0.19% from the previous close of ₹1,59,606. The session range is ₹1,58,816 to ₹1,59,498. MCX silver (July 2026) is at ₹2,74,200/kg, down ₹683 or 0.25% from the previous close of ₹2,74,883. The session range is ₹2,73,266 to ₹2,75,000.
| Contract | Price (₹) | Change | % Change | Intraday High | Intraday Low | Prev. Close |
|---|---|---|---|---|---|---|
| MCX Gold — June 2026 | 1,59,300/10g | 🔴 ▼ −306 | 🔴 −0.19% | 1,59,498 | 1,58,816 | 1,59,606 |
| MCX Silver — July 2026 | 2,74,200/kg | 🔴 ▼ −683 | 🔴 −0.25% | 2,75,000 | 2,73,266 | 2,74,883 |
Both contracts are in a tight, low-volatility range today compared to the wild swings of last week. The intraday range on MCX gold is just ₹682 so far — a sign that the market is waiting rather than trading aggressively.
Global Gold and Silver Prices - COMEX and Spot (22 May 2026)
| Commodity | Exchange | Price (USD) | Change | % Change | High | Low |
|---|---|---|---|---|---|---|
| Gold Futures | COMEX | $4,528.40/oz | 🔴 ▼ −$14.10 | 🔴 −0.31% | $4,547.00 | $4,519.40 |
| Silver Futures | COMEX | $76.88/oz | 🟢 ▲ +$0.15 | 🟢 +0.19% | $77.20 | $76.22 |
| Gold-Silver Ratio | — | ~59:1 | — | — | — | — |
Gold is trading at $4,535.79 as of 22 May 2026. COMEX silver is the mild outperformer today, up 0.19% whilst gold is down 0.31%. This is a small but notable reversal from yesterday when gold held firm whilst silver slipped. The gold-silver ratio at ~59:1 remains well below the historical average of ~68, confirming silver's strong one-year outperformance continues.
What Is Driving Gold and Silver Prices Today?
University of Michigan Inflation Data - Today's Key Event
On 22 May, the release of May inflation expectations from the University of Michigan is due. This survey asks ordinary American consumers what they expect inflation to be over the next year. It is a key sentiment indicator for the Federal Reserve.
If consumers expect higher inflation, it signals that inflation is becoming embedded in everyday thinking. That makes it harder for the Fed to cut rates. Higher rates for longer means lower gold and silver prices.
If consumers expect inflation to ease, it gives the Fed more room to eventually cut rates. That would support gold and silver.
This single number could move MCX significantly this afternoon.
Treasury Yields and Equities Weighed on Gold Yesterday
Yesterday's Bullions.co.in headline read "Gold Prices Slip as Treasury Yields and Equities Rebound." When stock markets rise, investors feel less need to hold safe-haven assets like gold. Rising Treasury yields also make bonds more attractive compared to non-yielding metals. Both of those forces were active yesterday and are continuing into today's session.
Silver Surged Yesterday on Falling Yields, Now Giving Back Gains
The previous Bullions.co.in headline read "Silver Surges as US Treasury Yields Retreat." Silver jumped on Thursday as yields briefly pulled back. Today, those gains are being partially given back. This shows just how sensitive silver has become to every small move in US bond markets.
Gold Is Still Holding Above Key Support Levels
Despite the mild dip, gold is sitting above ₹1,59,000 on MCX. That is a meaningful level. Analysts have repeatedly flagged ₹1,57,000 to ₹1,58,000 as the key support band. As long as MCX gold holds above that, the broader medium-term uptrend is intact. On 25 May, XAU/USD is expected to trade within the $4,441.34 to $4,576.74 range, with the price able to move in either direction.
Import Duty and Rupee Still Structurally Supportive
The 15% import duty raised on 13 May is still in effect. The rupee is near ₹96 against the dollar. Both of these factors keep domestic Indian prices structurally elevated compared to global spot prices. Even if COMEX gold falls by $50, the impact on Indian retail prices is partially absorbed by the rupee weakness and the duty premium.
Gold and Silver Price Trend — Last 7 Days
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) | Move |
|---|---|---|---|---|---|
| 22 May 2026 | 2,74,830 | 1,60,030 | 2,74,200 | 1,59,300 | 🔴 ▼ Both soft |
| 21 May 2026 | 2,75,550 | 1,60,420 | 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 | 🔴 ▼ Crash |
| 15 May 2026 | 2,91,760 | 1,62,650 | 2,91,250 | 1,62,003 | 🔴 ▼ Silver −3% |
Gold is up 0.58% from last Friday and up 4.51% from one month ago. Silver is up 1.14% from last Friday and up 9.99% from one month ago. Both metals have stabilised into a relatively narrow weekly range after the volatility storm of 13-16 May.
Outlook for Next Week (25-29 May 2026)
Gold prices are expected to be moderately volatile next week amid the release of US first-quarter GDP data and initial jobless claims. On 25 May, XAUUSD is expected to trade within the $4,441.34 to $4,576.74 range.
| Date | Event | Expected Impact |
|---|---|---|
| 22 May (today) | University of Michigan inflation data | 🟢 Bullish if low; 🔴 Bearish if high |
| 25 May | Markets reopen after weekend | Watch for gap-up or gap-down |
| 28 May | US Q1 2026 GDP data | 🔴 Bearish if strong; 🟢 Bullish if weak |
| 28 May | US Initial Jobless Claims | 🟢 Bullish if higher; 🔴 Bearish if lower |
Near-term MCX gold support is at ₹1,57,000. A break above ₹1,62,000 would signal renewed momentum. For MCX silver, ₹2,70,000 to ₹2,73,000 is the key support band. A strong University of Michigan reading today could push both metals below these levels heading into the weekend.
This is for informational purposes only. Please consult a qualified financial adviser before making investment decisions.
FAQs on Gold and Silver Prices in India (22 May 2026)
What is the gold price today in India per gram?
The gold price today in India is ₹16,003 per gram for 24-carat gold, ₹14,669 per gram for 22-carat gold, and ₹12,002 per gram for 18-carat gold as of 22 May 2026 (Bullions.co.in, 10:20 IST). Gold is down 0.24% from Thursday's close of ₹1,60,420/10g.
What is the silver price today in India per kg?
The silver price today in India is ₹2,74,830 per kg for 999 fine silver and ₹275 per gram as of 22 May 2026 (Bullions.co.in, 10:20 IST). Silver is down ₹720 or 0.26% from yesterday's close of ₹2,75,550/kg.
What is the MCX gold price today?
MCX gold (June 2026) is at ₹1,59,300/10g, down ₹306 or 0.19% from the previous close of ₹1,59,606. The intraday range is ₹1,58,816 to ₹1,59,498.
What is the MCX silver price today?
MCX silver (July 2026) is at ₹2,74,200/kg, down ₹683 or 0.25% from the previous close of ₹2,74,883. The intraday range is ₹2,73,266 to ₹2,75,000.
Why are gold and silver prices falling today?
Both metals are down mildly today as markets wait for the University of Michigan inflation expectations data. Gold prices have been slipping as Treasury yields and equities rebounded, reducing the need for safe-haven assets. Traders are also squaring positions before the weekend as Saturday and Sunday are non-trading days. The mild nature of today's decline, less than 0.3% on both metals, suggests the market is cautious rather than bearish.
What will happen to gold and silver prices next week?
Gold prices are expected to be moderately volatile next week, with US Q1 GDP data and initial jobless claims due on 28 May. The XAU/USD range is expected to be $4,441.34 to $4,576.74 on 25 May. The University of Michigan inflation data today will set the tone for Monday's opening. If it prints high, gold could open lower next week. If it prints lower than expected, a relief rally is possible heading into the long weekend.
