Gold Rate Today: 24K Gold Prices Fall After PM Modi Statement, Check Latest Rates
India’s Gold Rate Today is once again trending as gold prices witnessed a slight decline on Monday, May 11, 2026. After several days of strong gains, both 24K and 22K gold prices moved lower, giving some relief to jewellery buyers and investors.
Market experts believe the correction is linked to a stronger US dollar, profit booking in global markets and growing discussions around Prime Minister Narendra Modi’s recent statement related to gold buying.
Today’s 22K and 24K Gold Prices in India
According to the latest market data, gold prices in India today are:
| Gold Type | Price Per 10 Grams |
|---|---|
| 24K Gold | ₹1,52,130 |
| 22K Gold | ₹1,39,450 |
| 18K Gold | ₹1,14,100 |
Compared to the previous trading session, prices have slipped slightly. This is why many people are actively searching for the Gold Rate Today across India.
Gold Rate Today, May 11, 2026: 24K, 22K, 18K gold rates slip amid stronger US dollar; Check latest prices in Delhi, Mumbai, Kolkata, morehttps://t.co/HMei6iDNtT
— ET NOW (@ETNOWlive) May 11, 2026
PM Modi Statement Creates Buzz in Gold Market
A viral social media post from News18 Tamil Nadu claimed that gold prices saw a sharp reaction after PM Modi’s statement. Market discussions suggest that the government may be focusing on reducing unnecessary gold purchases and imports.
Although there has been no official policy announcement yet, investor sentiment appears to have changed after the remarks. Traders believe the statement added short-term pressure on the bullion market.
Strong US Dollar Puts Pressure on Gold Prices
According to reports from ET NOW, the strengthening US dollar has pushed international gold prices lower. Usually, when the dollar gains strength, gold becomes more expensive for global buyers, reducing demand in international markets.
As a result, the Gold Rate Today in India also moved lower.
What Happened on MCX?
Gold futures on MCX also traded under pressure during the session. Analysts say volatility may continue in the coming days depending on US economic data and global geopolitical developments.
If the dollar continues to strengthen, gold prices may witness further correction. However, long-term investors still see every dip as a buying opportunity.
Why Is Gold Trending on Social Media?
Several traders and analysts on X (formerly Twitter) are actively discussing gold’s future movement.
Market analyst Annette recently posted that gold may be entering the “final wave of a macro expansion pattern,” suggesting a possible long-term rally ahead. On the other hand, some experts believe short-term correction may continue before another breakout.
At the same time, discussions around Donald Trump reviving talks about auditing US gold reserves at Fort Knox have also attracted investor attention globally.
Should You Buy Gold Right Now?
For people planning jewellery purchases or long-term investment, the current dip may offer a good opportunity.
Experts believe gold remains one of the safest long-term investment assets despite short-term fluctuations. However, buyers are advised to monitor the Gold Rate Today regularly before making any major purchase decisions.
Gold Prices in Major Indian Cities
| City | 24K Gold | 22K Gold |
|---|---|---|
| Delhi | ₹1,52,120 | ₹1,39,443 |
| Mumbai | ₹1,52,380 | ₹1,39,682 |
| Chennai | ₹1,52,830 | ₹1,40,094 |
| Kolkata | ₹1,52,180 | ₹1,39,498 |
Gold prices may vary slightly between cities due to local taxes and jewellery making charges.
TRUMP REVIVES FORT KNOX AUDIT TALK ON SUNDAY MORNING TV
President @realDonaldTrump told Sharyl Attkisson on “Full Measure” today that he still wants to verify whether US gold reserves are inside the vault, saying “I do want to go to Fort Knox sometime.” The audit talk first… pic.twitter.com/JBydlZB10s
— BSCN (@BSCNews) May 11, 2026
Conclusion
The Gold Rate Today shows a mild correction in the Indian bullion market after recent highs. A stronger US dollar, global market pressure and reactions to PM Modi’s statement have contributed to the latest decline in gold prices.
However, analysts still expect gold to remain strong in the long term, especially if global uncertainty increases in the coming months.
FAQ
What is today’s 24K gold price in India?
Today’s 24K gold price is around ₹1,52,130 per 10 grams.
What is today’s 22K gold rate?
The 22K gold rate today is approximately ₹1,39,450 per 10 grams.
Why did gold prices fall today?
Gold prices slipped due to a stronger US dollar, profit booking and market reactions to PM Modi’s recent statement.
Is this a good time to buy gold?
Many analysts believe the current dip could be a good buying opportunity for long-term investors.
External Reference Links
- https://ibja.co/
- https://www.goodreturns.in/gold-rates/
- https://economictimes.indiatimes.com/markets/gold
- https://www.etnownews.com/markets
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