Gold Rate Today (May 21, 2026): Gold Price Rises for 3rd Straight Session; 24K Gains ₹1,580 per 10 gm as Recovery Gathers Pace

Mumbai, May 21: Gold prices in India advanced for a third consecutive session on Thursday, with the recovery gathering momentum as international safe-haven demand remained firm amid continued geopolitical uncertainty in West Asia.

The national price of 24-karat gold (99.9% purity) rose to ₹1,59,930 per 10 grams, gaining ₹1,580 over Wednesday’s ₹1,58,350. The 22-karat rate (91.6% purity) climbed to ₹1,46,600 per 10 grams, up ₹1,450 from Wednesday’s ₹1,45,150. The 18-karat price (75% purity) advanced to ₹1,19,950 per 10 grams, rising ₹1,190 from Wednesday’s ₹1,18,760. On a per-gram basis, 24K gold now stands at ₹15,993, 22K at ₹14,660 and 18K at ₹11,995 up ₹49, ₹45 and ₹37 respectively on the day.

Thursday’s ₹1,580 advance in 24K gold is the largest single-session gain of the current three-session recovery, surpassing Wednesday’s ₹1,310 and Tuesday’s ₹820, and suggests that the post-tariff correction has now firmly run its course. The three-session rebound has clawed back ₹3,710 per 10 grams in 24K, partially reversing the ₹11,640 that was erased during the three-session slide that followed last Wednesday’s tariff-shock peak of ₹1,67,860. While the metal remains well below that peak, the accelerating pace of the recovery indicates renewed confidence among both retail and institutional buyers.

The ongoing Iran conflict, which has kept crude oil prices elevated and stoked broader safe-haven demand, continues to underpin gold’s appeal as a store of value, with geopolitical risk remaining the dominant macro driver for the precious metal both globally and in India.

City-Wise Gold Rates: Southern and Western India

Chennai retained its position as India’s most expensive gold market on Thursday, quoting 24-karat gold at ₹1,61,670 per 10 grams, 22-karat at ₹1,48,100 and 18-karat at ₹1,24,250 a consistent structural premium over the national benchmark that reflects the deep jewellery demand culture of Tamil Nadu and the pricing conventions of local bullion associations. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune were all uniformly pegged at the national benchmark of ₹1,59,930 for 24-karat, ₹1,46,600 for 22-karat and ₹1,19,950 for 18-karat gold per 10 grams, maintaining the tight pricing harmony that has characterised India’s major bullion markets through this week’s recovery.

Delhi quoted 24-karat gold at ₹1,60,230 per 10 grams, 22-karat at ₹1,46,750 and 18-karat at ₹1,20,100 on Thursday a modest premium above the national rate consistent with the capital’s higher dealer margins and its centrality to India’s retail jewellery trade. Vadodara and Ahmedabad were both quoted at ₹1,60,130 for 24-karat, ₹1,46,650 for 22-karat and ₹1,20,000 for 18-karat gold per 10 grams, in keeping with Gujarat’s established convention of pricing a fraction above Mumbai.

Across all cities, Thursday’s gains once again moved in uniform lockstep, confirming that the recovery continues to be driven by national and global macro forces as the market progressively rebuilds ground lost in last week’s tariff-driven turbulence.

Source:

• goodreturns.in | Thursday, May 21, 2026