Gold prices in India have witnessed a sharp rise over the past week, adding fresh pressure on buyers and investors. Amid rising global uncertainty and strong international demand for safe-haven assets, gold rates have continued climbing steadily in domestic markets.

According to the latest market data, 24-carat gold has become costlier by up to ₹1,640 per 10 grams within a week, while 22-carat gold prices have risen by nearly ₹1,500 during the same period.

Silver prices have also recorded a significant jump, increasing by around ₹10,000 per kilogram on a weekly basis.

As of May 10, 2026, gold prices remain elevated across major Indian cities, with Delhi witnessing 24-carat gold rates at ₹1,52,500 per 10 grams.

Experts say both domestic and international factors are currently influencing the prices of precious metals.

Why Gold Prices Are Rising

Market analysts believe the recent increase in gold prices is linked to several global and domestic developments.

Major Factors Supporting Gold Prices

• Rising global economic uncertainty


• Geopolitical tensions


• Volatility in international markets


• Weakness in some currencies


• Increased safe-haven demand


• Central bank buying trends

Gold is traditionally considered a safer investment during periods of financial instability, which often pushes prices higher during uncertain times.

International Gold Prices Also Remain Strong

Global bullion markets have also remained firm.

According to reports:

• Spot gold in international markets is trading around $4,721 per ounce.

International price movements directly influence domestic gold rates in India because the country imports a large portion of its gold demand.

Latest Gold Prices in Major Indian Cities

Here are the latest gold rates for 22-carat and 24-carat gold in major cities across India.

Delhi Gold Market Update

In the Delhi bullion market, gold prices reportedly saw some volatility recently.

Reports indicate that on May 8:

• Gold prices fell by around ₹100


• 24-carat gold traded near ₹1,55,900 per 10 grams in the bullion market

However, weekly trends still remain strongly positive overall.

Chennai Continues to Record Higher Gold Rates

Among major Indian cities, Chennai continues to report comparatively higher gold prices.

Current rates in Chennai:

• 22-carat gold: ₹1,41,500 per 10 grams


• 24-carat gold: ₹1,54,370 per 10 grams

Experts say regional taxes, transportation costs, and local demand can sometimes create minor differences in city-wise pricing.

Silver Prices Also Witness Strong Rally

Silver has also seen a major price increase this week.

According to the latest data:

• Silver prices have jumped by nearly ₹10,000 per kilogram over the past week.


• Current silver rate stands around ₹2,75,000 per kilogram.

Earlier on May 8, silver prices in Delhi reportedly declined slightly by around ₹200 to approximately ₹2,61,300 per kilogram.

International Silver Prices Remain Elevated

Global silver prices are also trading at higher levels.

According to market reports:

• Spot silver in international markets is trading around $81.14 per ounce.

Industrial demand, renewable energy applications, and investor interest continue supporting silver prices globally.

Precious Metal Prices Influenced by Multiple Factors

Experts say gold and silver prices in India are impacted by both domestic and global developments.

Factors Affecting Precious Metal Rates

• International bullion prices


• US dollar movement


• Inflation concerns


• Interest rate decisions


• Global geopolitical tensions


• Import duties


• Domestic demand during wedding and festive seasons

Any major global financial event can quickly impact precious metal prices in India.

Investors Watching Market Carefully

The sharp rise in gold and silver prices has once again attracted the attention of investors and retail buyers.

Some investors see gold as:

• A hedge against inflation


• A long-term wealth preservation tool


• A safe investment during uncertainty

However, experts advise buyers to monitor volatility carefully, as precious metal prices can fluctuate rapidly depending on global developments.

Wedding Season Demand Also Supporting Prices

India’s ongoing wedding and festive demand is also contributing to strong bullion prices.

Jewelry demand traditionally increases during:

• Wedding season


• Akshaya Tritiya


• Festivals


• Investment buying periods

This seasonal demand often adds further support to domestic gold prices.

Should Buyers Wait or Invest Now?

Financial advisors say investment decisions should depend on individual goals and risk appetite.

While long-term investors may still consider gradual buying strategies, experts advise avoiding panic buying during periods of extreme price volatility.

With global uncertainty still high, analysts believe gold and silver prices may continue witnessing sharp fluctuations in the coming weeks.