Gold Snaps 3-Session Losing Streak on Tuesday; 24K Bounces ₹820 per 10 gm as Buyers Return

Mumbai, May 19: Gold prices in India edged higher on Tuesday, snapping a three-session losing streak that had unwound a significant portion of last Wednesday’s tariff-driven surge.

The national price of 24-karat gold (99.9% purity) rose to ₹1,57,040 per 10 grams, gaining ₹820 over Monday’s ₹1,56,220. The 22-karat rate (91.6% purity) climbed to ₹1,43,950 per 10 grams, up ₹750 from Monday’s ₹1,43,200. The 18-karat price (75% purity) advanced to ₹1,17,780 per 10 grams, rising ₹610 from Monday’s ₹1,17,170. On a per-gram basis, 24K gold now stands at ₹15,704, 22K at ₹14,395 and 18K at ₹11,778 — up ₹82, ₹75 and ₹61 respectively on the day.

Tuesday’s recovery, while modest in absolute terms, is significant in signalling that the post-tariff correction may have found its near-term floor. The three-session slide had erased ₹11,640 per 10 grams in 24K gold from the post-tariff peak of ₹1,67,860 recorded on Wednesday, when the government more than doubled import duties on gold and silver to 15 per cent. Tuesday’s ₹820 bounce recovers only a fraction of those losses, but the change in direction is likely to be watched closely by jewellers and bullion traders as a signal that discretionary demand is beginning to resurface at the lower price levels.

City-Wise Gold Rates: Southern and Western India

Chennai retained its position as the most expensive gold market among India’s major cities on Tuesday, quoting 24-karat gold at ₹1,62,220 per 10 grams, 22-karat at ₹1,48,700 and 18-karat at ₹1,24,100 — a premium that reflects the deep-rooted jewellery culture of Tamil Nadu and the pricing authority exercised by local bullion associations, which have consistently kept the city’s rates above the national benchmark throughout this week’s volatile trading. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune were all uniformly priced at the national benchmark of ₹1,57,040 for 24-karat, ₹1,43,950 for 22-karat and ₹1,17,780 for 18-karat gold per 10 grams, underscoring the tight pricing harmony that characterises India’s major urban bullion markets in the absence of localised supply or demand pressures.

Delhi quoted 24-karat gold at ₹1,57,190 per 10 grams, 22-karat at ₹1,44,100 and 18-karat at ₹1,17,930 on Tuesday — a marginal premium above the national benchmark that is characteristic of the capital’s higher dealer margins and its centrality to India’s organised jewellery trade. Vadodara and Ahmedabad were both quoted at ₹1,57,090 for 24-karat, ₹1,44,000 for 22-karat and ₹1,17,830 for 18-karat gold per 10 grams, in line with Gujarat’s established convention of pricing a shade above Mumbai. Across all cities, Tuesday’s uptick was uniform and proportional, with every market recording identical per-gram gains — a pattern consistent with a nationally driven macro recovery rather than any city-specific buying surge.

Gold Rates in Different Indian Cities

Source: goodreturns.in | Tuesday, May 19, 2026