Gold Rate Today, May 17, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities

Retail gold prices (gold rates) in India remained unchanged on Sunday, May 17, stabilising after experiencing sharp consecutive drops later in the week. According to the tracking platform GoodReturns, the national average for 24-karat gold holds at INR 15,693 per gram, while 22-karat gold is priced at INR 14,385 per gram. The pause in price movement reflects a standard weekend freeze in the physical bullion markets, allowing buyers and investors to evaluate the recent volatility driven by shifting global cues and domestic pressures.

Scroll down to check the gold rate today, May 17, in Delhi, Chennai, Mumbai, Kolkata, Lucknow, Pune, Bengaluru, Hyderabad, Jodhpur, Jaipur, Srinagar, Noida, Ghaziabad, Gurugram and Ahmedabad.

National Price Breakdown by Purity

The stabilising rates span across all major weight categories utilised by consumers and retail jewellers. For 24-karat gold, which represents 99.9 per cent purity, a 10-gram block is positioned at INR 1,56,930, while a larger 100-gram allotment trades at INR 15,69,300. Gold Rate Today, May 16, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

For the 22-karat bracket, typically preferred for traditional jewellery manufacturing due to its structural durability, the 10-gram cost stands at INR 1,43,850. Meanwhile, lower-purity 18-karat gold, which has seen rising demand for contemporary diamond-studded inventory, is locked at INR 11,770 per single gram or INR 1,17,700 per 10 grams.

Gold Rate Today, May 17, 2026

Regional Variances in Key Metro Markets

Despite a uniform national trend over the last 24 hours, local price structures continue to display marginal variations due to localised transportation costs, regional octroi, and varying state-level taxation policies. In Mumbai, Kolkata, Bangalore, and Hyderabad, 24-karat retail rates are aligned precisely with the national average at INR 15,693 per gram. Delhi displays a slight premium, with pure gold trading at INR 15,708 per gram. Chennai continues to report the highest baseline among the major metros, where a single gram of 24-karat gold is priced at INR 16,091, and 22-karat gold rests at INR 14,750 per gram.

Market Context and Underlying Drivers

The weekend plateau follows a highly turbulent week for the precious metal, which hit monthly highs on May 14 before retreating significantly. Bullion analysts point out that hotter-than-expected inflation metrics from the United States and a subsequently firmer US Dollar index have temporarily dented the non-yielding asset's upward trajectory. Dubai Gold Rate Today: 18K, 22K, 24K Gold Prices for May 16, 2026.

As the broader market absorbs these global macro factors alongside localised demand cycles, retail consumer traffic at major jewellery hubs is expected to remain steady but highly price-conscious ahead of the upcoming wedding season.

(The above story first appeared on LatestLY on May 17, 2026 08:08 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).