By Admin 
- Last week there were huge fluctuations in the prices of gold and silver.
- PM Modi appealed not to buy gold to save foreign exchange.
- Today a slight decline is being seen in the prices of gold and silver.
- There is pressure on prices due to reduced demand and profit booking.
Gold-Silver Rate Today on May 11: Last week, huge fluctuations were seen in the prices of 24 carat, 22 carat and 18 carat gold in India. Prices fell below their one-month low, but by the end of the week there was a strong recovery. During this period, silver rates in India also remained unstable. Now investors are preparing themselves for the trading week starting from today. Today, on May 11, 2026, a slight decline is being seen in the prices of gold and silver. A fall in the price of gold is being seen today in many cities including Delhi and Mumbai.
‘Do not buy gold for 1 year’
Prime Minister Narendra Modi, during a program in Hyderabad on Sunday, has appealed to the public to make united efforts to save foreign exchange. Under this, there has been talk of judicious consumption of petrol and diesel, avoiding unnecessary foreign trips and reducing the use of edible oil and not buying gold for a year. This is being said because the government is grappling with the economic consequences of the current global energy crisis and rising crude oil prices in the face of war between Iran and America and ongoing tension in the Middle East.
gold price today
| City | 24 carat gold price (per 10 grams) | 22 carat gold price (per 10 grams) | change from yesterday |
| Delhi | 1,52,500 | 1,39,800 | fall of 250 rupees |
| Mumbai | 1,52,350 | 1,39,650 | fall of 200 rupees |
| Kolkata | 1,52,350 | 1,39,650 | fall of 200 rupees |
| Chennai | 1,54,370 | 1,41,500 | fall of 300 rupees |
| Bengaluru | 1,52,350 | 1,39,650 | fall of 200 rupees |
| Hyderabad | 1,52,350 | 1,39,650 | fall of 200 rupees |
| Ahmedabad | 1,52,400 | 1,39,700 | fall of 250 rupees |
| Lucknow | 1,52,500 | 1,39,800 | fall of 250 rupees |
| Jaipur | 1,52,500 | 1,39,800 | fall of 250 rupees |
price of silver
The average price of silver in India today is around Rs 2,74,900 per kg. In this also there is a slight decline of Rs 100 per kg as compared to yesterday. In cities like Delhi, Mumbai, Kolkata, Bengaluru, today silver is being sold at Rs 2,74,900 as compared to yesterday’s Rs 2,75,000. At the same time, prices in Chennai and Hyderabad are stable at Rs 2,80,000.
Why did gold and silver prices fall?
- India is the second largest consumer of gold in the world. PM Modi’s appeal has directly affected the buying mentality of the general public. In such a situation, when the demand is less, the prices will automatically fall in the market.
- There is also discussion in the market that if the general public does not reduce purchases on their own, the government may increase the import duty. Fearing this, some businessmen and investors are reducing their holdings of gold. Due to this there is pressure on prices.
- Gold has reached a record level of Rs 1.5 lakh per 10 grams. In such a situation, PM Modi’s appeal not to buy gold for a year is a signal to investors that now prices may either remain stable or may fall. In such a situation, they are withdrawing the gold kept with them at higher prices to book profits.
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