Gold prices fell on Monday after Prime Minister Narendra Modi appealed to Indians not to buy the precious metal amid the US-Iran war in West Asia and the global economic uncertainty it has created.
Addressing a BJP rally in Hyderabad, PM Modi said India should conserve foreign exchange reserves and reduce fuel consumption as the global supply chain is under pressure due to the long-running conflict in West Asia.
“Gold purchasing is another area where foreign exchange is used extensively. In the national interest, we should resolve not to buy gold for a year,” he said.
India is one of the world’s largest importers of gold, and purchases increase significantly during weddings and festive seasons. Since gold is imported on a large scale, higher demand increases dollar outflow and increases the country’s import bill.
Gold price today: Check prices in cities across India
The rate of 24 carat gold is ₹15192.0 per gram, below ₹603.0. The rate of 22 carat gold is ₹With a fall of Rs. 13915.872 per gram ₹552.35.
There has been a change of -1.84 percent in the rate of 24 carat gold in the last one week, whereas in the last month it has changed by 0.13 percent. the rate of silver is ₹Increase up to Rs 262557.0 per kg ₹709.0.
This is the gold rate today in Delhi ₹151920.0/10 grams. What was the price of gold yesterday on 10-05-2026 ₹152523.0/10 grams, and last week, on 05-05-2026, it was ₹149724.0/10 grams.
This is the rate of silver today in Delhi ₹262557.0/kg. What was the price of silver yesterday on 10-05-2026 ₹261848.0/kg, and last week, on 05-05-2026, it was ₹239178.0/kg.
This is the price of gold in Chennai today ₹153357.91/10 grams. What was the price of gold yesterday on 10-05-2026 ₹153895.71/10 grams, and last week, on 05-05-2026, it was ₹151071.52/10 grams.
This is the silver rate today in Chennai ₹264878.64/kg. What was the price of silver yesterday on 10-05-2026 ₹264204.63/kg, and last week, on 05-05-2026, it was ₹241330.6/kg.
This is the gold rate today in Mumbai ₹152077.93/10 grams. What was the price of gold yesterday on 10-05-2026 ₹152675.52/10 grams, and last week, on 05-05-2026, it was ₹149873.72/10 grams.
This is the rate of silver today in Mumbai ₹262778.52/kg. What was the price of silver yesterday on 10-05-2026 ₹262109.85/kg, and last week, on 05-05-2026, it was ₹239417.18/kg.
Today’s gold price in Kolkata is this ₹153205.92/10 grams. What was the price of gold yesterday on 10-05-2026 ₹153743.18/10 grams, and last week, on 05-05-2026, it was ₹₹150921.79/10 grams.
This is the silver rate today in Kolkata ₹264616.13/kg. What was the price of silver yesterday on 10-05-2026 ₹263942.78/kg, and last week, on 05-05-2026, it was ₹241091.42/kg.
Gold August 2026 futures were trading on MCX ₹155539.0 per 10 grams, below ₹0.29 at the time of publication.
Silver July 2026 futures were trading on MCX ₹Increase up to Rs 262611.0 per kg ₹0.26 at the time of publication.
Gold and silver prices are influenced by many factors, including inputs from major jewellers. Factors such as global gold demand, currency fluctuations, interest rates and government policies affect prices.
Furthermore, international factors such as the state of the global economy and the strength of the US dollar against other currencies also influence gold prices in the Indian market.