Gold Rate Today, May 18, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities

Retail gold prices (gold rates) across India opened on a flat note on Monday, May 18, 2026, consolidating after a sharp two-day sell-off that knocked down domestic rates from late-week highs. According to the financial aggregation platform GoodReturns, the national average for 24-karat pure gold stands at INR 1,56,920 per 10 grams, while the more commonly purchased 22-karat jewellery-grade gold is trading at INR 1,43,840 per 10 grams. The stabilization in the physical market reflects a broader weekend pause as investors evaluate shifting macroeconomic data from the United States and ongoing geopolitical developments in West Asia.

Scroll down to check the gold rate today, May 18, in Delhi, Chennai, Mumbai, Kolkata, Lucknow, Pune, Bengaluru, Hyderabad, Jodhpur, Jaipur, Srinagar, Noida, Ghaziabad, Gurugram and Ahmedabad. Gold Rate Today, May 17, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

Gold Rate Today, May 18, 2026

National Average and Purity Breakdown

The steady opening on Monday brings temporary relief to retail buyers following a highly volatile trading week. On a macro level, 10 grams of 24-karat gold is priced at INR 1,56,920, while an equal volume of 22-karat gold is priced at INR 1,43,840. For lower-purity alternatives, 18-karat gold - frequently utilised in diamond-studded and lightweight contemporary jewellery - is valued at INR 11,769 per gram, or INR 1,17,690 per 10 grams. In the industrial and precious metals segment, silver prices similarly mirrored this sideways trend, maintaining a benchmark rate of INR 2,79,900 per kilogram.

Major City-Wise Retail Variations

Due to localised market factors, including varying state-level octroi taxes, transportation costs, and regional dealer premiums, retail gold rates continue to show minor deviations across major metropolitan hubs:

• Delhi: The national capital recorded a 24-karat rate of INR 15,70755 per 10 grams, while 22-karat gold hovered at INR 14,399.
• Mumbai: In the financial capital, 24-karat gold opened at INR 15,692 per 10 grams, with 22-karat gold standing at INR 14,384.
• Chennai: Traditionally the highest consumer market, Chennai recorded a retail price of INR 16,090 per 10 grams for 24-karat and INR 14,749 for 22-karat gold.
• Bengaluru and Hyderabad: Both southern tech cities tracked closely with the national average, exhibiting a 24-karat price of INR 15,692 per 10 grams.

Global Triggers and Institutional Headwinds

The recent downward correction in physical gold prices is heavily tied to international movements. Spot gold dipped below the USD 4,550 per troy ounce mark late last week, pressured by hotter-than-expected inflation metrics out of the U.S., including Consumer Price Index (CPI) and Producer Price Index (PPI) indicators. This strong economic data has led global institutional investors to largely rule out any near-term interest rate cuts by the Federal Reserve, boosting both the U.S. dollar index and Treasury yields, which traditionally dampens the appeal of non-yielding bullion. Dubai Gold Rate Today: 18K, 22K, 24K Gold Prices for May 17, 2026.

Domestically, the Indian market faces distinct headwinds. A historic low for the Indian Rupee, trading near INR 96 against the greenback, coupled with the central government’s decision to elevate the effective customs import duty on gold to 15 per cent%, ensures that domestic retail prices remain structurally high despite global pullbacks. Furthermore, municipal volumes are being monitored closely following recent advisory guidance from the Prime Minister’s Office suggesting a temporary, voluntary moderation in non-essential gold purchases to help protect foreign exchange reserves amid the energy disruptions linked to the ongoing West Asia conflict.

(The above story first appeared on LatestLY on May 18, 2026 09:07 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).