Gold Price – Check 24, 22, 23 & 18-Carat Rates Per Tola on May 11

Gold Price: Gold and silver prices have been witnessing continuous fluctuations over the past few days. Changes in gold rates were observed on the very first day of this week as well. From the Multi-Commodity Exchange (MCX) to domestic markets, gold and silver prices have experienced volatility. According to the IBJA, domestic markets initially saw a marginal decline in gold and silver prices. However, the IBJA’s rates released on Monday evening indicate a slight uptick in gold prices.

In fact, gold and silver rates are changing by the minute. Consequently, this is creating significant confusion among buyers. Just recently, on Sunday, Prime Minister Narendra Modi made a major appeal regarding gold, urging citizens to refrain from purchasing it for one year. If you are still considering buying gold jewellery, you should check the latest rates for 22-carat and 24-carat gold.

According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold was recorded at ₹150,362 per 10 grams this evening—May 11—whereas the morning price stood at ₹150,277 per 10 grams. This represents a difference of merely ₹85 in the price. Meanwhile, the price of 1 kilogram of silver has risen to ₹256,200.

23 Carat Gold Rate
According to the India Bullion and Jewellers Association (IBJA), as of today, Monday, the price of 23-carat gold (with 995 purity) remains steady at ₹149,760 per 10 grams.

22 Carat Gold Rate
According to the India Bullion and Jewellers Association (IBJA), as of today, Monday, the price of 22-carat gold (with 916 purity) remains steady at ₹137,732 per 10 grams.

18 Carat Gold Rate
According to the India Bullion and Jewellers Association (IBJA), as of today, Monday, the price of 18-carat gold (with 750 purity) remains steady at ₹112,772 per 10 grams.

14 Carat Gold Rate
According to the India Bullion and Jewellers Association (IBJA), as of today, Monday, the price of 14-carat gold (with 585 purity) remains steady at ₹87,962 per 10 grams.

It is worth noting that the India Bullion and Jewellers Association (IBJA) releases gold and silver rates twice a day—during the afternoon and evening hours. However, gold rates are not released on Saturdays and Sundays. The rates released by the IBJA do not include the 3% GST. Consequently, the final cost increases significantly when purchasing gold jewellery, as making charges are also added separately.

PM Modi advises against buying gold

On Sunday, while addressing a rally, PM Narendra Modi appealed to the public to refrain from purchasing gold for a year. Speaking at a public gathering in Secunderabad (Telangana), PM Modi explained that the ongoing conflict in the Middle East is having a significant impact on India. In light of this, the Prime Minister urged citizens to avoid buying gold for the next year, regardless of whether there is a wedding in the family or any other special event.