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Gold Prices Dip Amid Geopolitical Fears
13 May
Summary
- Gold prices decreased significantly on Monday due to geopolitical concerns.
- 24-karat gold fell by approximately Rs 22 per gram in India.
- Silver prices in India remained stable, contrasting gold's volatility.
Gold prices saw a significant drop on Monday, May 11, 2026, following Prime Minister Narendra Modi's advice against gold purchases amidst concerns over the US-Israel-Iran conflict. This decline marked the third fall in five trading sessions for the precious metal.
Despite a rally in international gold markets, domestic prices in India weakened. The rate of 24-karat gold fell by approximately Rs 22 per gram, reaching Rs 15,213 per gram. Similarly, 22-karat gold decreased by Rs 20 per gram to Rs 13,945 per gram, and 18-karat gold dropped by Rs 16 per gram to Rs 11,410 per gram.
In contrast, silver prices in India remained stable on Monday, May 11, 2026, quoted at Rs 275 per gram and Rs 2,75,000 per kilogram. The market trend for gold is currently stable to mildly bullish, with positive investor sentiment driven by inflation concerns.
Looking ahead, gold prices are expected to remain volatile with an upward bias due to firm international bullion markets. However, fluctuations in brent crude oil prices or any market corrections could impact today's gold rates.
