Gold and Silver prices: After trading low yesterday, gold observed a marginal hike on May 19, 2021, i.e. Wednesday, whereas silver is trading low. With a downfall of 0.61 per cent or Rs 447, the price of future silver shares maturing on July 5 stands at Rs. 72630 per kg. As per the Multi Commodity Exchange (MCX), the price of gold futures maturing on June 4 stands at Rs. 48261 for 10 grams.

The spot gold prices in India( 46650) witnessed a growth of 0.02%, despite global gold prices($1868.9) saw a drop of 0.05%.

In the international market, gold continued to gain and touched a four-month high of $1875.04 earlier in the session as a weaker US dollar and rising price pressure lifted bullion’s appeal as an inflation hedge. However, an increase in US 10-year Treasury yields to 1.65% limited gains, said an analyst. “Concerns about accelerating inflation and caution ahead of the FOMC meeting minutes is likely to weigh on risk appetite in today’s session,” Jigar Trivedi is a Fundamental Research Analyst at Anand Rathi Shares and Stock Brokers, told Financial Express Online.

Gold and Silver prices in India

In India, the gold price has gone up by Rs 310 per 10 gram. For 10 grams of 22-carat gold, you need to pay around Rs 45,640, whereas for 10 grams of 24-carat gold, the buyer will have to pay Rs 46,640. Similarly, the gold price for 100 grams has increased by Rs 3,100.

In Delhi, while the price of 10 grams of 22-carat gold is Rs. 46,820, 10 grams of silver stands at Rs. 730. The price of one kg of silver is Rs. 73,000 in the national capital. In Mumbai, the gold rates are lower than in Delhi, i.e. Rs 45,650.

Here are the city-wise Gold and Silver prices on May 19:

CITY GOLD PRICE (per 10 gram, 22Ct) SILVER PRICE (per kg)
Delhi Rs 46,820 Rs 73,000
Mumbai Rs 45,650 Rs 73,000
Chennai Rs 45,760 Rs 78500
Kolkata Rs 46,690 Rs 73,000
Ahmedabad Rs 47,890 Rs 73,000