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Gold Rates Today (18-05-2026); 22K, 18K Gold Rates Fall In Hyderabad, 24K Rises; Chennai Gold Prices Unchanged
Gold rates in India started the week with a decline on Monday. However, in cities like Hyderabad and Chennai, 24k, 22 carat and 18 carat gold prices witnessed a mixed trend. On May 18, 24 carat gold price surged in Hyderabad, but 22 carat and 18 carat crashed in the city. On the other hand, gold prices in Chennai are unchanged. The stalled US-Iran deal, strong dollar, escalating geopolitical tensions and global energy crisis that has pushed inflationary pressures, played a role in sentiments for precious metals.
Gold Rates In Hyderabad:
24 carat gold price witnessed a huge surge of Rs 39,800 in 100 grams to Rs 16,09,100, while 10 grams gold price climbed by Rs 3,980 to Rs 1,60,910. Also, 8 grams gold soared by Rs 3,184 to Rs 1,28,728 and 1 gram gold is up by Rs 398 to Rs 16,091.
However, this was not the case with 22 carat and 18 carat gold prices in Hyderabad.
22 carat gold price fell by Rs 6,500 to Rs 14,32,000 per 100 grams, and 10 grams gold in the same carat slipped by Rs 650 to Rs 1,43,200. Additionally, 8 grams and 1 gram gold price in 22 carat dipped by Rs 520 and Rs 65 to Rs 1,14,560 and Rs 14,320.
Furthermore, 18 carat gold price declined by Rs 5,300 to Rs 11,71,700 per 100 grams and plunged by Rs 530 in 10 grams to Rs 1,17,170. Meanwhile, 8 grams of 18 carat tumbled by Rs 424 to Rs 93,736 and 1 gram gold edged lower by Rs 53 to Rs 11,717.
Unlike gold rates in Hyderabad, gold prices in Chennai are flat.
Accordingly, on May 18, 24 carat gold price stood at Rs 16,09,100 per 10 grams, at Rs 1,60,910 per 10 grams, at Rs 1,28,728 per 8 grams and at Rs 16,091 per 1 gram.
Both 24 carat gold prices in Hyderabad and Chennai are on same levels now. However, 22 carat and 18 carat gold is cheaper in Hyderabad than compared to Chennai.
In Chennai, 22 carat gold price is at Rs 14,75,000 per 100 grams, at Rs 1,47,500 per 10 grams, at Rs 1,18,000 per 8 grams, and at Rs 14,750 per 1 gram.
Moreover, 18 carat gold price is at Rs 12,31,000 per 100 grams, at Rs 1,23,100 per 10 grams, at Rs 98,480 per 8 grams and at Rs 12,310 per 1 gram.
What Is Impacting Gold Prices In India Today?
As per Trading Economics, gold prices are under pressure as mounting evidence that the Middle East-driven energy price shock is feeding into broader inflation pressures strengthened expectations for central bank policy tightening. The precious metal was also weighed down by strong gains in the US dollar and Treasury yields after hotter-than-expected US inflation data led investors to rule out any Federal Reserve rate cuts this year, while increasing speculation that policymakers could still raise rates before year-end.
Gold Rates Outlook Ahead
According to Ponmudi R, CEO of Enrich Money, here's how gold rates will move ahead at MCX and Internationally.
Spot Gold Price Outlook
COMEX Gold is trading with a weak note and is holding near $4,520-$4,560 support band. A sustained move above the $4,600-$4,640 resistance level could strengthen upside momentum and push prices toward the $4,730-$4,780 level.
On the downside, immediate support is placed near $4,480-$4,450, and a break below this zone could extend weakness toward $4,350. However, failure to hold above $4,500 could weaken the broader structure and increase downside pressure. Overall, the structure remains cautious with a weak undertone, and a decisive breakout above resistance levels is required to strengthen momentum further.
MCX Gold Price Outlook:
MCX Gold opened with a gap-down and is trading above Rs1,58,000 mark after failing to sustain above recent highs. Immediate resistance stands at Rs1,59,000-Rs1,59,500; a sustained move above this zone could reconfirm bullish pressure and push prices toward Rs1,60,500-Rs1,61,000.
On the downside, Rs1,58,000-Rs1,57,500 acts as immediate support, with further weakness likely to extend toward Rs1,56,000-Rs1,55,000. The near-term bias has turned cautious to bearish, with direction contingent on global risk sentiment and US Dollar strength.
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
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