Gold Today Rate, 21 May: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
Gold prices in India saw a moderate recovery on Tuesday, May 21, following a period of noticeable decline in recent weeks. Buyers and investors woke up to slightly higher rates across key metro cities, reflecting a shift in market momentum. Here’s a detailed look at today’s gold prices and what’s driving the change.
📍 Today’s Gold Rates (per gram) – City-wise Update
| City | 24 Carat Gold (₹) | 22 Carat Gold (₹) | 18 Carat Gold (₹) |
|---|---|---|---|
| Mumbai | ₹9,503 | ₹8,709 | ₹7,179 |
| Delhi | ₹9,518 | ₹8,724 | ₹7,194 |
| Chennai | ₹9,742 | ₹8,930 | ₹7,360 |
| Kolkata | ₹9,504 | ₹8,710 | ₹7,180 |
| Bangalore | ₹9,503 | ₹8,709 | ₹7,179 |
Note: Prices may vary slightly based on local jewellers, taxes, and making charges.
📈 Why Are Gold Prices Moving Today?
After a steep fall earlier this month, gold has started showing signs of recovery. Several factors are playing into the recent bounce:
- Global Market Cues: An uptick in international gold rates due to weakening of the US dollar and geopolitical tensions has influenced the Indian market.
- Renewed Investor Interest: As inflation fears remain, many are turning back to gold as a safe-haven asset.
- Wedding Season Demand: With India in the middle of a busy wedding season, demand for physical gold jewellery has increased in cities like Chennai, Hyderabad, and Delhi.
💬 Expert Insights
Financial analysts suggest that this upward trend may continue if global cues remain favorable. However, they caution against short-term speculation, urging retail buyers to focus on long-term investment potential.
According to market strategist Ravi Sinha, “Gold prices are highly sensitive to geopolitical and economic triggers. Today’s rise reflects a mild correction, not a full-fledged rally yet.”
📌 What Do the Carats Mean?
If you’re planning to buy gold today, it’s important to understand what each carat type means:
- 24K Gold: Purest form of gold (99.9%), typically used for investment purposes such as bars and coins.
- 22K Gold: Around 91.6% purity, most commonly used in making traditional jewellery.
- 18K Gold: Roughly 75% gold mixed with alloys, ideal for contemporary and durable jewellery pieces.
📝 Final Thoughts
If you’re planning to buy gold – whether for personal use, gifts, or investment – now might be a good time to keep an eye on the market. With demand likely to remain strong through the upcoming festive season, prices could edge up further. However, always compare rates from multiple sources and factor in local charges before making a purchase.
For daily updates on gold and silver rates across Indian cities, bookmark this page or follow reliable financial news outlets.
