Gold Prices In Hyderabad & Chennai Today (May 19, 2025): Latest 22K & 24K Prices Revealed; Silver Shines

On Monday, May 19, domestic gold prices saw an abrupt rise owing to a firm dollar and a reduction in worries about global risk. Geopolitical concerns reduced demand for safe havens, causing gold prices to be erratic and meander around $3,220 on the Comex. Although predictions for rate cuts are supported by soft US inflation statistics, attention will be on Russia and Ukraine, which started their first direct discussions in over three years. This might enhance demand for haven assets like gold, which could lead to price volatility.

Gold & Silver Price In Hyderabad & Chennai Today On Monday, 19th May

In Hyderabad and Chennai, the current price of gold is Rs 8,755 per gram for 22 carat gold and Rs 9,551 per gram for 24 carat gold. Monday's gold prices in Chennai and Hyderabad were Rs 87,550 for 22k of 10 gms, up Rs 350 from the previous price of Rs 87,200. Today's gold prices in Hyderabad and Chennai were Rs 8,75,500, an increase of Rs 3,500 from yesterday's price of Rs 8,72,000 for 22k of 100 grams.

Today's 24 carat gold rate per 10 grams in Chennai and Hyderabad turned out to be Rs 95,510, up Rs 380 from yesterday's price of Rs 95,130. Meanwhile, today's 24k of 100 grams of gold will cost Rs 9,55,100 in Chennai and Hyderabad, up Rs 3,800 from yesterday's price of Rs 9,51,300.

Gold rates in Chennai on Monday for 18k of 10 grams reached Rs 72,100, which was Rs 71,850 yesterday; hence, 18k of 100 grams of gold in Chennai will cost Rs 7,21,000 today compared to Rs 7,18,500 yesterday, representing a price surge of Rs 2,500. In the case of buyers in Hyderabad, 18k of 10 grams of gold will cost them Rs 71,630 today, which was Rs 71,350 yesterday; hence 18k of 100 grams of gold rates in Hyderabad reached Rs 7,16,300 up by Rs 2,800 from Rs 7,13,500 yesterday.

Silver prices today in Hyderabad and Chennai are Rs 109 per gram and Rs 1,09,000 per kilogram, respectively, compared to Rs 108 and Rs 1,08,000 yesterday.

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MCX Gold Outlook Today

"On the technical front, MCX Gold have witnessed profit booking on heavy volumes. On the daily chart, It has formed a bearish double top pattern, Any close below the support line can trigger a strong selloff. Super trend have turned negative on the daily chart. MCX Gold is trading below the short term 10 & 20 EMA on the daily chart, It has witnessed bearish crossover indicating weak momentum and bearish trend. Most technical parameters indicate weakness. Currently support is placed at 92055 and resistance is placed at 93800," commented Abhishek Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Fundamental Outlook Today

"Gold and silver prices are trading slightly higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly lower for the day, as gold prices bounced back after its biggest weekly decline in six months, with appetite for haven assets boosted by mounting concerns about the US economic outlook and budget deficit," as stated by Nirmal Bang Securities.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.