Gold Rate in India Today Remains Under Pressure Amid PM Modi's Appeal to Avoid Buying, Silver Steady on 11 May

Gold rates in India continued to decline at the start of the new week on Monday, May 11, 2026, extending the downtrend seen in the previous week. The price of 24 Karat (24K) gold fell by Rs 22 per gram to Rs 15,213, while 22 Karat (22K) gold slipped by Rs 20 per gram to Rs 13,945.

Gold, Silver Prices Today Remain Under Pressure After PM Modi's Urge To Avoid Buying Amid Iran-US Tensions

Silver prices, meanwhile, remained unchanged for the third consecutive day at Rs 2,75,000 per kilogram after a sharp Rs 10,000 jump in the previous session. Over the last three trading sessions, 24K gold has fallen by a total of Rs 8,700 per 100 grams, reflecting sustained profit booking in bullion.

The latest correction in bullion prices comes amid a stronger US dollar and a rebound in crude oil prices, which weighed on gold prices on the Multi Commodity Exchange (MCX) during Monday morning trade.

Market sentiment was also influenced after Prime Minister Narendra Modi on Sunday urged Indians to avoid unnecessary gold purchases as the government grapples with the economic impact of the ongoing global energy crisis and rising crude oil prices.

Over the last three trading sessions, 24 Karat (24K) gold has fallen by a total of Rs 8,700 per 100 grams, marking one of the sharpest short-term corrections in recent weeks after bullion had rallied strongly on geopolitical concerns and safe-haven demand.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 11 May 2026

24 Karat Gold Rate Today in India

The price of 24K gold declined by Rs 22 per gram on Monday to Rs 15,213, down from Rs 15,235 in the previous session. At the current rate, 8 grams of 24K gold are priced at Rs 1,21,704, lower by Rs 176 from Rs 1,21,880. The popular 10-gram rate fell by Rs 220 to Rs 1,52,130 from Rs 1,52,350. On a larger scale, 100 grams of 24K gold now cost Rs 15,21,300, down Rs 2,200 from Rs 15,23,500.

22 Karat Gold Rate Today in India

The price of 22K gold also eased by Rs 20 per gram to Rs 13,945, compared with Rs 13,965 on Saturday. At this level, 8 grams of 22K gold cost Rs 1,11,560, down Rs 160 from Rs 1,11,720. Ten grams are available at Rs 1,39,450, reflecting a decline of Rs 200 from Rs 1,39,650. The price of 100 grams of 22K gold dropped by Rs 2,000 to Rs 13,94,500 from Rs 13,96,500.

18 Karat Gold Rate Today in India

The price of 18K gold fell by Rs 16 per gram to Rs 11,410 from Rs 11,426 in the previous session. Eight grams of 18K gold are now priced at Rs 91,280, down Rs 128 from Rs 91,408. Ten grams cost Rs 1,14,100, lower by Rs 160 from Rs 1,14,260. Meanwhile, 100 grams of 18K gold are priced at Rs 11,41,000, down Rs 1,600 from Rs 11,42,600.

Silver Rate Today: Check Latest Silver Prices Per Kg and Grams on May 11, 2026

Silver prices remained unchanged across all denominations. One gram of silver held steady at Rs 275, while 8 grams continued at Rs 2,200. Ten grams were unchanged at Rs 2,750, and 100 grams stayed at Rs 27,500.

Is it Time To Buy or Avoid? Check Gold, Silver Outlook

"Gold prices momentum looks consolidative, while silver movement looks positive in the coming week as traders will focus again on the progress on peace talks between the US and Iran to end the war and markets are likely to react accordingly," according to Pranav Mer, vice president, EBG - commodity & currency research at JM Financial Services.

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