Gold Rates & Silver Rates Today (21-05-2026) Live: Spot Gold Erases Gains But Above $4,500, Silver Down 1%

Gold rates in India are likely to extend gains, but silver rates in the country could be under pressure amidst volatile trends in the global market on May 21. Spot gold which soared by 1% in the early trade, erased its gains and is currently under pressure but above $4,500. However, spot silver continued to witness selloffs with nearly a 1% drop to struggle around $75 per ounce.

On the other hand, crude oil prices gained by 1% each, with US WTI crude traded above $99 per barrel and Brent Crude near $106 per barrel.

President Donald Trump said the US was in the final stages of negotiations with Iran, fueling expectations that the strategically important Strait of Hormuz may soon reopen. The prospect of restored shipping flows triggered a sharp decline in oil prices, helping temper inflation fears and lowering expectations that central banks will need to tighten monetary policy. At the same time, minutes from the Federal Reserve's latest policy meeting showed that most officials believe a rate increase this year could still be warranted if inflation remains above the Fed's 2% target. Investors remain divided on whether the central bank will raise rates by December or leave borrowing costs unchanged through year-end, as per Trading Economics.

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May 21, 2026, 9:12 am IST

Gold & Silver Rates Today Live Updates: What Will Impact Precious Metals Today?

Gold continues to take cues from ongoing US–Iran developments, while persistent rupee weakness is also helping domestic gold prices remain supported despite volatility in international markets. Geopolitical uncertainty and movement in crude oil remain the key drivers for bullion sentiment. For the near term, gold is expected to trade within a range of ₹157250–₹159500: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

May 21, 2026, 9:12 am IST

Silver Rates Today Live Updates: Spot Silver Under Pressure

Spot silver which touched an intraday high of .9670 per ounce, is currently struggling to hold mark. At the time of writing, spot silver performed at .52 per ounce which is down by 0.5%. This precious metal has dropped by nearly 1% to hit an intraday low of .2075 per ounce.

May 21, 2026, 9:09 am IST

Gold Rates Today Live Updates: Spot Gold Erases Early Gains

Spot gold had climbed by nearly 1% to hit an intraday high of ,570.85 per ounce. However, spot gold erased its early gains nad is currently trading under pressure but above ,500 mark. At the time of writing, spot gold performed at ,532.36 per ounce, down by 0.25%.