Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on May 19
Gold prices in your city today, on May 19: Is this a good buying opportunty for investors due to lower prices? Check gold and silver rates in your city — Hyderabad, Chennai, Delhi, Kolkata, Bengaluru, and Mumbai.
Gold and silver prices in your city, May 19: Eased trade tensions between China and the United States and global market conditions have cooled prices of safe haven assets such as gold and silver.
But according to experts, this only provides a window for the wider investor base to buy while the prices are more approachable. Financial advisor Deepak Aggarwal told Mint that the price correction is a “good buying opportunity” for customers to create exposure to gold in your portfolio; while Wealth Ladder founder S Sridharan went a step further and recommended gold ETFs, instead of the metal itself, to further cut down on making charges and storage cost.
In terms of returns, over the past year along, gold cost has jumped 30 per cent, returned 15 per cent CAGR since 2001; and since 1995, has beaten inflation by over 2-4 per cent, data shows.
Gold, Silver Prices Today: Check Gold Rates in India — May 19
MCX gold price at 11 am on May 19 was at ₹93,400/10 gm, the official website showed. Meanwhile, MCX silver prices were at ₹95,841/kg, it showed. The prices have seen slight uptick, compared to the previous week, but are still below record highs seen ahead of Akshaya Tritiya.
Further, 24-carat gold was priced at ₹93,780/10 gm, according to data on the Indian Bullion Association (IBA) at 11 am on May 19. Further, 22-carat gold was priced at ₹85,965/10 gms. And, silver prices today are at ₹95,960/kg (Silver 999 Fine), as per the IBA website.
So, check here for how much gold and silver cost in your city today on May 19 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you.
Gold and Silver Prices in Chennai — May 19
- Gold bullion rates in Chennai — ₹93,920/10 gm.
- MCX Gold rate in Chennai — ₹93,400/10 gm.
- Silver bullion rate in Chennai — ₹96,110/kg.
- MCX Silver 999 rate in Chennai — ₹95,841/kg.
Gold and Silver Prices in Bengaluru — May 19
- Gold bullion rates in Bengaluru — ₹93,720/10 gm.
- MCX Gold rate in Bengaluru — ₹93,400/10 gm.
- Silver bullion rate in Bengaluru — ₹95,910/kg.
- MCX Silver 999 rate in Bengaluru — ₹95,841/kg.
Gold and Silver Prices in Hyderabad — May 19
- Gold bullion rates in Hyderabad — ₹93,800/10 gm.
- MCX Gold rate in Hyderabad — ₹93,400/10 gm.
- Silver bullion rate in Hyderabad — ₹95,990/kg.
- MCX Silver 999 rate in Hyderabad — ₹95,841/kg.
Gold and Silver Prices in Mumbai — May 19
- Gold bullion rates in Mumbai — ₹93,650/10 gm.
- MCX Gold rate in Mumbai — ₹93,400/10 gm.
- Silver bullion rate in Mumbai — ₹95,830/kg.
- MCX Silver 999 rate in Mumbai — ₹95,841/kg.
Gold and Silver Prices in Kolkata — May 19
- Gold bullion rates in Kolkata — ₹93,530/10 gm.
- MCX Gold rate in Kolkata — ₹93,400/10 gm.
- Silver bullion rate in Kolkata — ₹95,710/kg.
- MCX Silver 999 rate in Kolkata — ₹95,841/kg.
Gold and Silver Prices in Delhi — May 19
- Gold bullion rates in New Delhi — ₹93,490/10 gm.
- MCX Gold rate in New Delhi — ₹93,400/10 gm.
- Silver bullion rate in New Delhi — ₹95,670/kg.
- MCX Silver 999 rate in New Delhi — ₹95,841/kg.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.