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Gold, Silver Rate Today Highlights: MCX Gold, MCX Silver slip in trade as US Treasury yields pull back from multi-year highs

Gold, Silver Rate Today Live Updates: Gold prices in the international market will continue to be influenced by geopolitical dev...

The Times of India | May 21, 2026, 21:07:31 IST

LIVE RATES · INDIA
Gold Rate
22K gold/gm
₹14,410
Silver Rate
price/10gm
₹2,800
Platinum Rate
price/10gm
₹58,510
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21:07 (IST), May, 21

Gold falls as rising oil prices boost rate hike bets; dollar, yields rise

Gold prices fell 1% on Thursday asclimbing oil prices heightened inflation worries, boosting betsfor U.S. rate hikes and lifting Treasury yields and the dollar,which added more pressure on ‌bullion.

Spot gold was ⁠down ⁠1% at $4,500.07 per ounce as of10:17 a.m. ET (1417 GMT). On Wednesday, bullion rose more than1% ​in U.S. trading hours after having hit its lowest level sinceMarch 30.

U.S. gold futures ​for June delivery lost 0.7% at$4,502.90.



19:34 (IST), May, 21

Spot gold drops 1% to $4,507.37 per ounce amid broad market pressure.

Spot gold drops 1% to $4,507.37 per ounce amid broad market pressure. Bullion prices weaken as stronger dollar and elevated Treasury yields hurt sentiment. Investors track Fed policy signals and geopolitical developments for further price direction

18:31 (IST), May, 21

Gold falls as dollar and yields climb, inflation pressures hover

Gold eased on Thursday, pressured by a stronger ​US dollar and high Treasury ​yields, while stagnant peace talks in the Middle East ​kept oil elevated, inflation concerns alive, and reinforced bets of higher interest rates.

Tehran said it was reviewing Washington's latest responses, and President Donald Trump suggested he could ‌wait a ⁠few days ⁠for "the right answers" from Tehran but was also willing to resume attacks on the ​country.

Spot gold was down 0.6% at $4,517.94 per ounce, as of 1118 GMT. On Wednesday, ​bullion rose more than 1% in U.S. trading hours after having hit its lowest level since March 30. US gold futures for June delivery ​lost 0.4% at $4,518.70.

17:03 (IST), May, 21

MCX Silver futures fall sharply; July contract slips 1.43% on profit booking

Silver futures on MCX witnessed selling pressure on Thursday with the July contract dropping Rs 3,918, or 1.43%, to Rs 2,70,347 per kg after touching an intraday high of Rs 2,73,196. The September contract declined Rs 3,252, or 1.16%, to Rs 2,76,157 per kg, while December futures edged higher by Rs 954 to Rs 2,85,020. The July contract remained the most active with 4,154 lots traded and open interest rising to 9,468 lots.

16:25 (IST), May, 21

Gold, Silver Rate Today Live: Gold eases as dollar and yields climb, inflation pressures hover

Gold ticked lower on Thursday, pressured by a ​stronger U.S. dollar and high ​Treasury yields, while stagnant peace talks in the ​Middle East kept oil elevated, inflation concerns alive, and reinforced bets of higher interest rates.

Tehran said it was reviewing Washington's latest responses, and President Donald Trump suggested ‌he could ⁠wait a ⁠few days for "the right answers" from Tehran but was also willing to resume ​attacks on the country.

Spot gold was down 0.2% at $4,536.72 per ounce, as of 0912 ​GMT. On Wednesday, bullion rose more than 1% in U.S. trading hours after having hit its lowest level since March 30.

15:05 (IST), May, 21

MCX Gold futures trade mixed; June contract slips below Rs 1.60 lakh

Gold futures on MCX traded mixed on Thursday with the June contract declining Rs 284, or 0.18%, to Rs 1,59,722 per 10 grams after touching an intraday low of Rs 1,59,105. The August contract also slipped Rs 230 to Rs 1,62,400, while the October contract edged up Rs 210, or 0.13%, to Rs 1,65,376. The June contract remained the most active with 1,782 lots traded and open interest at 5,967 lots.

13:38 (IST), May, 21

Gold Rate Today: Gold-backed lending rises

Gold-backed lending by banks as well as non-banking financial companies jumped 50% year-on-year to ₹19 lakh crore by the end of March, according to data released by Crif High Mark. The category emerged as the fastest expanding segment within retail credit.

The sharp rise in borrowing against gold jewellery was partly driven by the strong rally in gold prices, with the precious metal gaining 36% in dollar terms over the past 12 months. Industry observers also pointed to a changing borrowing pattern, where gold loans are increasingly being used as a short-term liquidity option rather than only as a last-resort source of funds, broadening the appeal of such loans.

The strong growth in this segment contributed to the retail lending market reaching ₹170 lakh crore, reflecting a 17% increase compared to the previous year, the credit information company stated in its “How India Lends” report.

The report further noted that the expansion was supported by healthier portfolio performance, as overdue and delinquency levels eased across most categories, indicating improving asset quality alongside continued growth in lending activity.

12:39 (IST), May, 21

Gold Rate Today: Mumbai bullion opening rates

Silver spot (in Rs per kilo): 265808.00

Standard gold (99.5) : 158311.00

Pure gold (99.9) : 158947.00

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11:20 (IST), May, 21

Gold Rate Today: What is driving gold prices?

Gold prices were steady in early morning trade, after swings witnessed in yesterday’s session, as markets continued to price in hopes of a potential peace agreement between the US and Iran.

Sentiment improved after President Trump said the conflict with Iran was in its “final stages,” while also indicating that negotiations were progressing positively. However, President Trump warned that failure to reach a deal could still trigger fresh US military action, limiting broader risk appetite. The Strait of Hormuz remained largely shut, keeping oil prices elevated despite a correction earlier this week, and maintaining concerns over supply disruptions and energy-driven inflation.

The US dollar weakened and Treasury yields retreated after the recent global bond market sell-off cooled, helping improve sentiment towards precious metals. Minutes from the Federal Reserve’s April meeting showed that most policymakers believed rate hikes “would likely become appropriate” if inflation remained persistently above the Fed’s 2% target. Recent CPI and PPI data have already reflected the impact of surging oil prices on inflation, reinforcing expectations that central banks could maintain a hawkish stance.

Markets currently expect the Fed to keep rates steady this year, although rate hike expectations for the second half of 2026 have increased. Investors now remain focused on further developments in US-Iran negotiations and their impact on oil prices, inflation expectations, and global monetary policy. Focus today will be on preliminary manufacturing and Services PMI data from major economies, says Manav Modi Commodities Analyst, Motilal Oswal Financial Services Ltd.

10:15 (IST), May, 21

Gold Rate Today: Gold prices slip further

Gold and silver prices traded slightly lower on the Multi Commodity Exchange (MCX) on Thursday as US Treasury yields pulled back from recent multi-year peaks and global stock markets strengthened, despite escalating tensions between Iran and the United States.

In the domestic futures market, silver contracts for July 2026 delivery declined by Rs 1,350, or 0.5%, to Rs 2,72,915 per kilogram. Gold futures for June 2026 delivery also edged lower, slipping Rs 206 to Rs 1,59,800 per 10 grams.

On Wednesday, Iran stated that it was reviewing a fresh proposal put forward by the United States aimed at ending the ongoing conflict in West Asia. Meanwhile, US President Donald Trump described the negotiations as standing “on the borderline” between achieving a diplomatic agreement and witnessing renewed military action.

Speaking to reporters, Trump said the situation remained delicately balanced and warned that the opportunity for diplomacy could narrow rapidly if the expected responses were not received.

08:30 (IST), May, 21

Factors to watch for gold rate outlook: Middle East tensions, Fed signals and Treasury yields keep gold traders cautious

Description: Investors are monitoring multiple triggers including U.S.-Iran negotiations, rising Treasury yields, inflation risks and Federal Reserve policy expectations for cues on bullion prices. “However, if talks remain in limbo or tensions escalate further, gold may weaken as inflation fears intensify along with rate hike bets despite the risk-off mood,” Lukman Otunuga noted.

07:31 (IST), May, 21

Will US-Iran talks decide the next big move in gold prices?

Description: Gold markets remained volatile as investors closely tracked geopolitical developments and their impact on inflation, oil prices and the dollar. “Any ⁠positive ⁠progress in US-Iran talks that lead to a potential re-opening of the Strait of Hormuz may boost gold prices as the dollar weakens and inflation fears cool,” said Lukman Otunuga, senior research analyst at FXTM.

04:48 (IST), May, 21

Gold, Silver Rate Today Live: Strong dollar and elevated Treasury yields pressure bullion prices

Gold remained under pressure as the U.S. dollar hovered near a six-week high and Treasury yields stayed elevated amid persistent inflation concerns. Higher bond yields increase the opportunity cost of holding non-yielding assets such as gold, keeping traders cautious ahead of fresh Fed signals.

03:16 (IST), May, 21

Donald Trump signals quick end to Iran conflict; oil prices retreat sharply

Global commodity markets reacted after U.S. President Donald Trump suggested the war with Iran could end soon, while Vice President JD Vance highlighted progress in diplomatic talks with Tehran. Trump said the conflict would be over “very quickly”, triggering a sharp decline in crude oil prices.

02:12 (IST), May, 21

Escalating Middle East tensions could reshape gold market outlook, says analyst

Investors continue weighing geopolitical risks against inflation and interest rate expectations as tensions in the Middle East remain unresolved. “However, if talks remain in limbo or tensions escalate further, gold may weaken as inflation fears intensify along with rate hike bets despite the risk-off mood,” Lukman Otunuga noted.

00:50 (IST), May, 21

Gold prices remain volatile as investors track US-Iran developments

Gold markets stayed cautious amid uncertainty surrounding U.S.-Iran negotiations and their impact on global inflation and energy prices. “Any ⁠positive ⁠progress in U.S.-Iran talks that lead to a potential re-opening of the Strait of Hormuz may boost gold prices as the dollar weakens and inflation fears cool,” said Lukman Otunuga, senior research analyst at FXTM.

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23:09 (IST), May, 20

ANZ sees long-term support for gold despite Fed rate hike concerns

Description: Precious metals traded higher even as markets increasingly priced in the possibility of tighter US monetary policy later this year. “Longer-term support (for gold) from geopolitical uncertainty, fiscal debt concerns and central bank reserve diversification remains intact,” ANZ said in a note.

23:03 (IST), May, 20

Gold prices trade firm on MCX, August futures gain over Rs 1,000


Gold futures on MCX traded higher on May 20, 2026, with the June contract rising Rs 919, or 0.58%, to Rs 1,59,999 per 10 grams after touching an intraday high of Rs 1,60,378. The August contract gained Rs 1,089, or 0.67%, to Rs 1,62,622, while October futures climbed Rs 601 to Rs 1,65,700. Trading activity remained strong in the June contract with 5,351 lots traded and open interest standing at 5,963 lots.

22:13 (IST), May, 20

MCX Silver futures surge over 1%; July contract jumps Rs 3,681 on strong demand

Silver futures on MCX rallied sharply on May 20, 2026, led by strong buying in near-term contracts. The July 3 silver contract climbed Rs 3,681, or 1.36%, to Rs 2,73,800 per kg after touching an intraday high of Rs 2,76,297. The September contract also gained Rs 3,626, or 1.32%, to trade at Rs 2,79,128 per kg. However, the December silver futures contract slipped Rs 1,331, or 0.47%, to Rs 2,84,610. The July contract remained the most active with 8,700 lots traded and open interest of 9,110 lots.

20:20 (IST), May, 20

MCX Gold futures trade mixed; June contract climbs Rs 570 amid strong buying

MCX Gold futures witnessed on Wednesday with the June 5 contract rising Rs 570, or 0.36%, to trade at Rs 1,59,650 per 10 grams. The August contract gained Rs 645 to Rs 1,62,178, supported by healthy trading volumes and firm investor sentiment. Meanwhile, the October gold futures contract slipped Rs 199 to Rs 1,64,900 despite touching an intraday high of Rs 1,65,466. The June contract recorded the highest activity with 4,356 lots traded and an open interest of 6,110 lots.

18:18 (IST), May, 20

Bengaluru closing bullion rates on Wednesday

1 Gm Gold 22 Kt - Rs 14,950
1 Gm Gold 24 Kt - Rs 16,300
Silver Per Kg: Rs 2,77,500

17:45 (IST), May, 20

Gold Rate Today Live: Gold ticks up as bonds rout pauses

Spot gold prices ticked up on Wednesday as U.S. Treasury yields ​slipped with hopes of a ​potential resolution to the U.S.-Iran conflict easing some inflation concerns.

Spot ​gold gained 0.3% to $4,494.50 per ounce, as of 1116 GMT, after falling to its lowest level since March 30 earlier in the session.

U.S. gold futures for June delivery trimmed earlier losses and were ‌0.3% lower at $4,497.40.

16:53 (IST), May, 20

Gold steadies as high Treasury yields offset Mideast peace hopes

Gold prices held steady on Wednesday, as pressure from a ​firm dollar and higher Treasury ​yields was offset by hopes of a potential resolution to ​the U.S.-Iran conflict, easing some inflation concerns.

Spot gold was unchanged at $4,480.29 per ounce, as of 0915 GMT, after earlier falling to its lowest level since March 30.

15:32 (IST), May, 20

Gold Rate Today: MCX Gold prices drop

Gold prices declined by Rs 614 to reach Rs 1,58,466 per 10 grams in futures trading on Wednesday due to subdued demand in the spot market.

On the Multi Commodity Exchange, gold contracts scheduled for June delivery slipped by Rs 614, or 0.39%, to trade at Rs 1,58,466 per 10 grams, with a turnover of 1,191 lots.

Market experts linked the decline in domestic gold rates to weak trends in international markets.

In the global market, gold futures in New York were trading 0.17% lower at USD 4,475.04 per ounce.

14:33 (IST), May, 20

Gold Rate Today: Gold remains vulnerable as yields spike

Yesterday, spot gold slumped 2% as US bond yields surged to fresh cycle highs:10-year note rose to a 16-month high of 4.7%, while the 30-year bond reached a 18-year high of 5.2%, amid inflationary outlook.

Net long-term TIC flow of $81.3 billion into the US in March was larger than $57 billion in February. ADP weekly data for the week ending May 2 showed that US employers added 44.25K jobs as compared to 33K jobs in the previous week. Pending home sales rose 1.4% in April Vs the estimate of 1%.

Investors will look forward to FOMC minutes of April 29 meeting to be released tonight.

Meanwhile, the US Senate on Tuesday passed a resolution seeking to limit President Donald Trump's war powers in Iran.

Today, spot gold extended its decline to $4450 before erasing its decline on a slight pullback in oil prices and somewhat positive inflation data out of the UK.

UK headline Consumer Price Index (CPI) inflation eased to 2.8% (forecast 3%) over the year in April from a rise of 3.3% in March.

The yellow metal can test support around $4350 in short term. Resistance is at $4500/$4530/$4610, says Praveen Singh, Head of commodities at Mirae Asset ShareKhan.

12:49 (IST), May, 20

Gold Rate Today: Chennai opening bullion rates on Wednesday

1 Gm Gold 22 Kt: Rs 14,750.00

1 Gm Gold 18 Kt: Rs 12,335.00

1 Gm Silver: Rs 285.00

11:40 (IST), May, 20

Gold Rate Today: How to trade gold

Manoj Kumar Jain of Prithvi Finmart told ET that gold is expected to find support in the $4,454-$4,420 per troy ounce range during Wednesday’s trading session, while resistance levels are likely around $4,522-$4,570. For silver, support is seen between $72.00 and $69.10 per troy ounce, whereas resistance is estimated at $76.60-$78.80.

On the MCX, gold is likely to receive support in the Rs 1,57,700 to Rs 1,56,650 band, while resistance is projected between Rs 1,60,350 and Rs 1,61,100. Silver support levels are placed at Rs 2,66,600-Rs 2,63,000, with resistance expected in the Rs 2,74,400-Rs 2,80,000 range.

Jain further said that in an earlier morning note, Prithvi Finmart had advised investors to accumulate silver within the Rs 2,71,000 to Rs 2,67,000 range, keeping a stop loss below Rs 2,63,000 and targeting levels between Rs 2,81,000 and Rs 2,85,000. Investors already holding long positions based on that recommendation have been advised to continue with the suggested stop loss and look at profit booking near the target zone.

10:46 (IST), May, 20

Gold Rate Today: Markets remain cautious

Gold prices inched lower, while Silver languished, as markets remained cautious over the inflationary impact of the ongoing Iran conflict, even as US officials hinted at some progress in peace negotiations. Persistent disruptions to Middle East energy supplies continued to keep crude oil prices elevated, fueling concerns that inflationary pressures may remain sticky across major economies. A series of stronger-than-expected global inflation readings reinforced expectations that central banks could maintain a hawkish stance for longer, a trend that generally weighs on non-yielding assets like gold.

US President Trump and Vice President JD Vance both indicated that negotiations with Iran were advancing, after Trump earlier delayed a planned military strike following requests from Gulf leaders. Trump stated that “serious negotiations” were underway, while also warning that the US military remained prepared for immediate action if talks failed. Iran reportedly submitted a proposal seeking a halt in hostilities across the region along with reparations for war-related damages.

Meanwhile, bond markets remained under pressure, with US Treasury yields hovering near multi-year highs as traders increased bets on higher rates amid the inflation shock from surging energy prices. The benchmark US 10-year yield climbed near 4.67%, while the 30-year yield traded above 5.18%, levels last seen in 2007.

A stronger dollar and elevated yields continued to cap gains in bullion. Market participants are discounting a 5% probability for a rate hike in next meeting weighing on prices. Markets will closely watch the release of the FOMC meeting minutes later today for further clarity on the Federal Reserve’s policy outlook and inflation concerns, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.

09:38 (IST), May, 20

Gold Rate Today: MCX Gold, MCX Silver prices drop

Gold and silver prices started Wednesday’s trading session lower on the Multi Commodity Exchange (MCX), as rising US Treasury yields and strength in the dollar outweighed optimism linked to a potential peace agreement between the United States and Iran.

In domestic trade, MCX silver contracts for July 2026 delivery declined by Rs 2,889, or nearly 1%, to Rs 2,67,230 per kilogram. Gold futures for June 2026 delivery also slipped, falling Rs 1,121 to Rs 1,57,959 per 10 grams. In the previous trading session, both precious metals had ended with modest gains.

US President Donald Trump repeated his claim that the conflict involving Iran would conclude “very quickly.” Despite those remarks, investors remained cautious as uncertainty continued around the progress of peace negotiations and the ongoing disruption to oil supplies from the Middle East.

Market participants are closely monitoring whether Washington and Tehran can ultimately arrive at a meaningful agreement, especially as the US administration’s stance appears to be shifting frequently. Only a few days earlier, Trump had stated that he was running out of patience with Iran.

08:18 (IST), May, 20

Gold Rate Today: Brokerages bullish on gold

Brokerages continue to remain optimistic about gold’s long-term trajectory despite the recent softness in prices, as higher bond yields, persistent inflation worries and a stronger US dollar have created pressure on the precious metal in the near term.

Although a number of financial institutions have reduced their short-term price projections because of weaker investor participation and expectations of elevated interest rates, analysts broadly continue to anticipate a recovery in gold prices through 2026, says Reuters.

08:18 (IST), May, 20

Gold Rate Today: Global developments round-up

US President Donald Trump said on Tuesday that Washington could still launch another strike on Iran. He added that he had come within an hour of authorising military action before deciding to delay it.

US Vice President JD Vance stated that talks between Washington and Tehran had progressed significantly and that neither side was interested in restarting military operations.

Philadelphia Federal Reserve Bank President Anna Paulson said on Tuesday that current interest rate levels remain suitable for now, as they continue to help contain inflation at a time when price pressures are still elevated.

At the same time, she noted that it was reasonable for markets to begin factoring in the possibility that rates may need to rise further.

Among other precious metals, spot silver climbed 1% to $74.55 per ounce, platinum edged up 0.2% to $1,926.70, while palladium advanced 0.9% to

08:18 (IST), May, 20

Gold Rate Today: Why gold rose in domestic market?

Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said gold prices in the domestic market have rebounded after hopes of renewed negotiations between the United States and Iran improved market sentiment and reduced fears of prolonged inflation caused by elevated energy prices.

He added that investor confidence strengthened after US President Donald Trump announced that a proposed military strike on Iran had been put on hold, signalling that a diplomatic solution with Tehran could still be possible.

08:18 (IST), May, 20

Gold Rate Today: International gold prices move up

Gold prices moved slightly higher on Wednesday as growing optimism around a possible peace deal between the United States and Iran eased fears of persistent inflation and prolonged elevated interest rates.

Spot gold gained 0.4% to reach $4,499.69 per ounce by 0059 GMT. In the previous trading session, the metal had slipped to its weakest level since March 30.

US gold futures for June delivery, however, were down 0.2% at $4,502.30.

08:17 (IST), May, 20

Gold Rate Today: Gold price round-up on Tuesday

Gold prices staged a recovery on Tuesday, climbing Rs 800 to reach Rs 1.63 lakh per 10 grams in the national capital, as optimism surrounding possible progress in US-Iran talks helped ease worries about inflationary pressures.

Market participants said gold of 99.9% purity increased by Rs 800 to Rs 1,63,600 per 10 grams, inclusive of taxes, compared with Monday’s closing price of Rs 1,62,800 per 10 grams.

Silver, however, witnessed a sharp decline. Prices fell by Rs 5,000 to Rs 2,71,000 per kilogram, inclusive of taxes, amid subdued industrial demand and weak cues from global markets.

Gold, Silver Rate Today Live Updates: Gold and silver prices are likely to remain volatile in the near term due to uncertainty surrounding global interest rates, crude oil movements and geopolitical developments in West Asia. According to a Reuters poll, most economists expect the US Federal Reserve to avoid cutting interest rates this year, with many shifting earlier forecasts for rate reductions into next year on hopes that the present inflation spike may prove temporary.

Investors are now awaiting the release of minutes from the Federal Reserve’s April policy meeting for additional signals on the central bank’s future monetary policy direction.

(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
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