Gold, Silver Prices Rise Across India: Check 22K & 24K Rates In Your City
New Delhi, May 25: Gold and silver prices moved higher across India on May 25 as global market sentiment reacted to developments surrounding a possible agreement between Iran and the United States over the Strait of Hormuz.
The rise in bullion prices came even as crude oil prices softened following hopes of easing geopolitical tensions in West Asia.
Gold Prices Climb In Major Indian Cities
Gold rates recorded marginal gains across key Indian cities on Monday. On the Multi Commodity Exchange (MCX), gold futures rose 0.37 per cent to trade at around Rs 1,59,265 per 10 grams.
In Mumbai, 24-carat gold was priced at approximately Rs 1,59,050 per 10 grams, while 22-carat gold stood at Rs 1,45,790 per 10 grams. Similar price levels were seen in cities such as Hyderabad, Chennai, Bengaluru and Kolkata.
In Delhi and Jaipur, 24-carat gold reached Rs 1,59,150 per 10 grams, while 22-carat gold traded at Rs 1,45,880 per 10 grams. Ahmedabad and Pune also witnessed strong bullion prices, reflecting the broader upward movement in the domestic gold market.
The prices mentioned exclude GST and jewellery-making charges, which vary depending on the seller and location.
Iran-US Developments Influence Global Bullion Sentiment
The rise in gold prices came amid major geopolitical developments involving Iran and the United States. Market sentiment shifted after reports suggested that both countries were moving closer to a possible agreement that could reopen and stabilise shipping activity through the Strait of Hormuz.
The Strait of Hormuz is one of the world’s most important oil transit routes and plays a major role in global energy markets. Any uncertainty surrounding the region typically affects commodities, currencies and safe-haven assets such as gold.
Although hopes of a peace agreement initially eased oil prices, investors continued to monitor geopolitical risks closely, supporting demand for gold as a protective investment asset.
Crude Oil Prices Fall Amid Peace Expectations
Global crude oil prices declined sharply after statements from US President Donald Trump suggested that a peace deal with Iran had been “largely negotiated.”
Brent crude futures reportedly slipped below $100 per barrel as traders anticipated reduced supply risks in the Gulf region.
However, uncertainty remained after Trump later clarified that the United States would not rush into finalising any agreement, indicating that negotiations were still ongoing.
The mixed signals kept volatility elevated across global commodity markets, including precious metals.
Why Gold Prices Fluctuate In India
Gold prices in India are influenced by several domestic and international factors, including global bullion rates, import duties, exchange rate movements, taxes and geopolitical developments.
Since India imports a significant portion of its gold requirement, fluctuations in the rupee-dollar exchange rate also play a major role in determining local prices.
International economic uncertainty, inflation expectations and central bank policies further impact investor demand for gold globally.
Gold Remains A Key Investment In India
Gold continues to hold strong cultural and financial importance in India. Apart from being widely used during weddings and festivals, the yellow metal is also viewed as a safe-haven investment during periods of economic or geopolitical uncertainty.
As market conditions remain volatile, investors and traders are closely tracking global developments, commodity prices and currency movements to assess future trends in bullion markets.
