Gold Near ₹1.59 Lakh, Silver Slips as Bullion Market Sees Sharp Swings in 2026

Brief By Newsbrief / 3:40 PM on 21 May 2026

Gold prices continued their strong upward momentum on Thursday, climbing ₹392 to reach ₹1.59 lakh per 10 grams, while silver prices slipped sharply by ₹1,494 to settle at ₹2.66 lakh per kilogram. According to market data, gold has recorded an impressive rise of nearly ₹26,000 so far in 2026, driven by global economic uncertainty, investor demand, and fluctuating international market trends. Silver, despite recent corrections, has still posted substantial gains this year. Bullion experts noted that precious metal prices have remained highly volatile, with both gold and silver touching record highs earlier in January before witnessing periodic declines. Consumers planning to purchase gold jewellery have been advised to stay cautious by checking BIS hallmark certification, verifying purity standards, comparing market rates from reliable sources, and reviewing making charges carefully to avoid overpaying amid continuing price fluctuations.