Gold Rate in India Up Rs 27,300 In Week! Will 24K, 22K, 18K Gold Jump Amid Iran-US Talks? 11-16 May Outlook

Gold Rate in India: The price of 24 karat, 22 karat and 18 karat gold in India saw strong momentum last week, as crude oil prices corrected and US Dollar remained weak. The price of 24 karat gold in India surged close to Rs 27,300/100 gram between May 4 and May 9.

The rally in gold prices in India came as the precious metal regained investor interest amid growing optimism around Iran-US negotiations. However, concerns over disruptions in the Strait of Hormuz continue to keep global energy supply risks in focus, adding to market uncertainty. As we head into a new week (May 11-May 16), here's a look at how gold prices in India are likely to move and the key factors that could shape sentiment in the precious metals market.

Gold Rate in India

The price of 24 karat gold in India remained unchanged at Rs 15,235 per gram on Sunday, May 10. Which means that per 10 gram of 24 karat gold in India was priced at Rs 1,52,350 per gram. Likewise, the rate of per 100 gram of 24 karat gold in India stood at Rs 15,23,500 per kilogram on Sunday. The rate of 24 karat gold in India has surged by Rs 27,300/100 gram in seven days, as per Goodreturns data.

The rate of 22 karat gold in India stood at Rs 13,965 per gram on Sunday. Likewise, the price of 18 karat gold in India remained unchanged at Rs 11,426 per gram.

Silver Rate in India

The price of silver in India also remained unchanged on Sunday. Silver rate in India stood at Rs 275 per gram and at Rs 2,75,000 per kilogram on May 10. Silver rate in India saw massive volatility in January and February where the white metal saw massive rally in the first month of 2026 followed by steep crash in second month of 2026.

Gold Price Outlook

Gold rate in India is likely to remain volatile as uncertainty around Iran-US peace talks will keep the investors on edge. "Gold is expected to be volatile yet supported going into the upcoming week amid ongoing attention to cues from the US Federal Reserve and broader market movements. The safe-haven metal continues to be in strong demand, especially against the backdrop of uncertainties surrounding global growth and events in the Middle East," explained Siddharth Maurya, Founder & Managing Director, Vibhavangal Anukulakara Pvt. Ltd.

"The near-term outlook continues to remain supportive with central bank purchases and inflation pressures forming supportive factors," the expert added.