Gold prices are in focus today (Monday, May 11, 2026) a day after Prime Minister Narendra Modi requested citizens to temporarily reduce gold purchases for the next one year. Speaking at an event in Hyderabad on Sunday, Modi also said that cutting non-essential gold buying could help reduce pressure on foreign exchange reserves and imports.
Outlook on Gold
Prithviraj Kothari, managing director, RiddiSiddhi Bullions Ltd., president, IBJA, "The impact will be psychological, not structural. India's 10–12 million annual weddings embed gold demand that is pre-committed and culturally non-negotiable — Akshaya Tritiya, Dhanteras, and wedding-season buying will not simply stop on a PM's appeal. The PM's words, however, may nudge discretionary buyers toward lighter jewellery, digital gold, and ETFs — formats that don't trigger import demand. In FY26, India imported nearly $72 billion worth of gold — a record high. Global cues — Iran-US tensions, crude oil, and the dollar — will dominate price direction. The appeal is a signal of macro seriousness, not a market-moving policy lever."
Gold prices today (May 11, 2026)
Amid Modi’s statement about gold purchases, check the latest gold prices at leading jewellery brands such as Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas today. Also see the latest retail jewellery prices of gold and silver at IBJA.
22k gold price at Tanishq todayTanishq's current price for 22k gold jewellery is Rs 13,990 per gram as of May 11, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The price of the same variety of gold on Sunday was Rs 14,010.
22k gold rate at Joyalukkas today
The current price for 22k gold jewellery at Joyalukkas is Rs 13,945 per gram as of May 11, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru.
22k gold rate at Kalyan Jewellers today
The latest price for 22k gold jewellery at Kalyan Jewellers is Rs 13,945 per gram as of May 11, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru.
22k gold price at Malabar Gold & Diamonds
Malabar Gold & Diamonds' latest price for 22k gold jewellery is Rs 13,945 per gram as of May 11, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru.
IBJA indicative retail selling rates for gold jewellery on May 11, 2026 (AM) are:
- Fine Gold (999): Rs 15,028 per gram
- 22 KT Gold: Rs 14,667 per gram
- 20 KT Gold: Rs 13,375 per gram
- 18 KT Gold: Rs 12,172 per gram
- 14 KT Gold: Rs 9,693 per gram
- Silver (999): Rs 2,55,300 per kg
IBJA indicative retail selling rates for gold jewellery (May 8, 2026, PM rates).
· Fine Gold (999): Rs 15,108 per gram
· 22 KT Gold: Rs 14,745 per gram
· 20 KT Gold: Rs 13,446 per gram
· 18 KT Gold: Rs 12,237 per gram
· 14 KT Gold: Rs 9,745 per gram
· Silver (999): Rs 2,55,600 per kg
Rates are without 3% GST and making charges. Gold rates are quoted per gram. Silver rates are quoted per kilogram.
