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Gold Prices Plummet Across India Amid Easing Trade Tensions

Gold rates see sharp mid-May declines with 24-carat gold dropping to ₹9,502 per gram, reflecting improved global trade sentiment.

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Gold prices across key Indian cities like Delhi, Mumbai, and Kolkata. | Image: AI
Gold prices on May 19, 2025 across key Indian cities  from Mumbai to Bengaluru. | Image: Freepix

Overview

  • Gold prices in India have dropped significantly, with 24-carat gold priced at ₹9,502 per gram, 22-carat at ₹8,710 per gram, and 18-carat at ₹7,127 per gram as of May 20, 2025.
  • This decline follows a ₹4,900 per 100 grams drop for 24-carat gold and ₹4,500 per 100 grams for 22-carat gold compared to earlier rates.
  • Easing US-China trade tensions and improved global economic sentiment have reduced safe-haven demand for gold, driving prices lower.
  • Regional variations persist, with 22-carat gold priced at ₹8,725 per gram in Delhi and ₹8,710 per gram in most other major cities, including Mumbai, Bangalore, and Hyderabad.
  • Silver prices in Andhra Pradesh and Telangana stand at ₹108,000 per kilogram, reflecting stability despite the drop in gold rates.