- Home
- Gold and Silver Prices
- Gold Prices Stabilize After Sh ...
Gold rates in India remained steady on Saturday, with similar stability expected on Sunday, May 18. After a steep decline of Rs 35,500 for 100 grams of 24-carat gold and a Rs 3,500 drop for 10 grams between May 12 and 16, the yellow metal took a pause during the weekend. The sharp fall was largely driven by easing geopolitical tensions and improved investor sentiment reducing demand for safe-haven assets like gold and silver.
According to SMC Global Securities analysts, gold and silver prices fell over the past week—gold dropped more than 3.5%, and silver declined by about 1%, reaching their lowest points in nearly a month. The recent temporary 90-day tariff truce between the US and China played a crucial role, with both countries significantly reducing tariffs on each other’s goods, helping calm global trade fears.
Geopolitical tensions have also eased, particularly with the India-Pakistan ceasefire holding steady. However, stalled Russia-Ukraine negotiations continue to inject some uncertainty into markets. On the economic front, softer-than-expected US inflation data, with the annual CPI easing to 2.3% in April, bolstered hopes for potential Federal Reserve rate cuts later this year, though Fed Chair Jerome Powell warned of volatile inflation due to supply shocks.
Despite the recent price fall, investor interest in gold remains strong. Gold ETFs recorded net inflows of 115 tons in April, marking the highest investment in over three years, driven largely by Chinese buyers.
Current Gold Prices in India (May 17, 2025)
- 24 Carat (100 grams): Rs 95,130
- 22 Carat (100 grams): Rs 87,200
- 18 Carat (100 grams): Rs 71,350
- 24 Carat (10 grams): Rs 9,513
- 22 Carat (10 grams): Rs 8,720
- 18 Carat (10 grams): Rs 7,135
Gold prices are expected to remain unchanged on May 18.
City-wise Gold Rates (per gram)
- Chennai: 24K – Rs 9,513 | 22K – Rs 8,720 | 18K – Rs 7,185
- Mumbai: 24K – Rs 9,513 | 22K – Rs 8,720 | 18K – Rs 7,135
- Delhi: 24K – Rs 9,528 | 22K – Rs 8,735 | 18K – Rs 7,147
- Bangalore, Hyderabad, Kerala: 24K – Rs 9,513 | 22K – Rs 8,720 | 18K – Rs 7,135
Silver Prices
Silver also took a hit last week, with 1 kg silver prices dropping by Rs 1000 and more on various days. Currently, silver is priced at Rs 97,000 per kg, Rs 9,700 per 100 grams, and Rs 970 per 10 grams.
Market Outlook
For the week ahead (May 18-24), analysts expect gold to trade in the range of Rs 88,000 to Rs 95,000 per 100 grams, while silver is likely to fluctuate between Rs 91,000 and Rs 98,000 per kg. This range-bound trading is influenced by global trade developments, geopolitical events, and US economic data.
