Gold prices in Delhi moved higher on Wednesday, May 20, amid volatility in global bullion markets, rising crude oil prices and continued geopolitical uncertainty surrounding the Iran conflict.
According to the latest rates, 24 karat gold in Delhi was priced at Rs 15,850 per gram, while 22 karat gold stood at Rs 14,530 per gram. The 18 karat gold rate in Delhi was recorded at Rs 11,891 per gram.
Domestic gold prices witnessed gains despite weakness in international bullion futures during early European trading. Analysts said rising US Treasury yields and a stronger US dollar have weighed on global gold prices, while inflation concerns linked to elevated oil prices continue to keep safe haven demand active.
Market participants are also monitoring the US Federal Reserve meeting minutes scheduled later on Wednesday for signals on the future interest rate path.
Gold rate today in Delhi
| Gold Type | Price Today |
|---|---|
| 24K Gold per gram | Rs 15,850 |
| 22K Gold per gram | Rs 14,530 |
| 18K Gold per gram | Rs 11,891 |
22K gold price in Delhi today
| Quantity | Today Price |
|---|---|
| 1 gram | Rs 14,530 |
| 8 gram | Rs 1,16,240 |
| 10 gram | Rs 1,45,300 |
| 100 gram | Rs 14,53,000 |
What is driving gold prices today
Gold prices are currently being influenced by multiple global factors including crude oil prices, bond market yields, inflation expectations and geopolitical developments.
Persistent tensions in West Asia have pushed oil prices higher, increasing concerns over inflation and global economic uncertainty. At the same time, higher US Treasury yields have added pressure on bullion prices globally.
Analysts believe gold prices may remain volatile in the near term as investors react to developments related to the Federal Reserve, energy markets and geopolitical risks.
Disclaimer: Gold prices mentioned above are indicative and may vary depending on jeweller pricing, local taxes and making charges.