Gold & Silver Rates Today (18/05/2026) Live: MCX Gold Hits Rs 1.59 Lakh Before Correcting, Silver Recovers

Gold rates and silver rates in India traded cautiously on May 18 despite volatile global cues. Ahead of the closing bell, MCX gold price for June 2026 expiry, extended gains to hit an intraday high of Rs 1,59,356 per 10 grams before correcting. Meanwhile, MCX silver price for July 2026 expiry recovered its early losses. Both precious metals have witnessed marginal upside. However, spot gold falls below $4,550 mark and spot silver drops by 1%. This is a bearish start to the trading week. Spot gold ended last week with 4% decline due to a stronger dollar and hawkish macro indicators.

The Middle East conflict-driven energy crisis is pushing broader inflationary pressures, which makes a strong case of policy tightening and rate hikes. A rate hike by US Federal Reserve makes dollar even more attractive and bullion demand dull.

The precious metal was also weighed down by strong gains in the US dollar and Treasury yields after hotter-than-expected US inflation data led investors to rule out any Federal Reserve rate cuts this year, while increasing speculation that policymakers could still raise rates before year-end, as per Trading Economics.

In India, silver rates could react to the latest import restrictions announced by the government during the week.

On Monday, amidst the stalled peace deal between US and Iran, crude oil prices are back on the surge. US WTI Crude Oil is up by 2.5% to trade near $108 per barrel, while Brent Crude soared by 2% to trade above $111 per barrel.

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May 18, 2026, 3:07 pm IST

Forex Market Live Updates: US Dollar Strongest In Six Weeks

The dollar index climbed above 99.3 on Monday, reaching its strongest level in six weeks as rising inflationary pressures linked to the Middle East conflict reinforced expectations that the Federal Reserve could raise interest rates later this year. In the latest developments, President Donald Trump warned Iran to “get moving” or face consequences after departing China without securing major trade breakthroughs or meaningful progress toward ending the conflict and reopening the Strait of Hormuz, as per Trading Economics.

May 18, 2026, 3:05 pm IST

Gold Rates & Silver Rates Today Live Updates: MCX Gold Hits Rs 1.59 Lakh, Silver Price Recovers Losses

MCX gold price for June 2026 expiry, extended gains to hit an intraday high of Rs 1,59,356 per 10 grams before correcting. Meanwhile, MCX silver price for July 2026 expiry, recovered its early losses. At the time of writing, ahead of market close, MCX gold traded at Rs 1,58,936 per 10 grams which is up by Rs 389 or 0.25%, while MCX silver performed at Rs 2,72,896 per 1Kg which is higher by Rs 1,010 or 0.4%.

May 18, 2026, 12:34 pm IST

Silver Rates Today Live Updates: Near Term Outlook For MCX Silver July 2026 Expiry

MCX Silver July futures maintain a cautiously bullish undertone despite the recent profit-booking seen near the 300,000 zone. The broader structure remains positive as prices continue to trade above the key support region of 252,700–236,500, which is also aligned with the breakout trendline and short-term moving averages. The current decline appears to be a consolidation phase after the sharp upside rally, while momentum indicators are cooling off from overbought territory rather than signaling a major trend reversal. As long as silver sustains above 252,000 on a closing basis, buyers are likely to remain active on dips. On the upside, immediate resistance is seen around 298,700 followed by the major hurdle near 315,200, and a breakout above these levels could open the door for another strong bullish leg in the coming weeks: Kotak Neo.

May 18, 2026, 12:32 pm IST

Gold Rates Today Live Updates: Technical Outlook For MCX Gold Price June 2026 Expiry

MCX Gold Jun futures continue to trade in a sideways-to-bullish structure on the daily chart, with prices consolidating above the key support zone of 154,500–154,200 after a strong breakout move whereas final support is near 151570 levels. The recent pullback appears healthy rather than bearish, as the contract is still holding above the short-term moving average and the falling trendline breakout area. Momentum indicators are neutral-to-positive, suggesting consolidation before the next directional move. As long as prices sustain above 154,000 on a closing basis, the broader bias remains positive and dips are likely to attract buying interest. On the upside, immediate resistance is placed near 164,300–166,900, where profit booking may emerge, but a decisive breakout above this zone could trigger fresh bullish momentum in the coming weeks: Kotak Neo.

May 18, 2026, 12:31 pm IST

Gold Rates & Silver Rates Today Live Updates: What Is Impacting Precious Metals Today?

The market’s focus shifted toward inflation and monetary policy after diplomatic efforts between the US and Iran deteriorated following Trump’s summit with Chinese President Xi Jinping in Beijing. Trump rejected Iran’s proposed peace framework and warned of intensified military action if Tehran failed to meet US conditions, including restrictions surrounding nuclear enrichment and the Strait of Hormuz. While geopolitical uncertainty typically supports bullion, the inflationary effects of the prolonged Iran conflict instead boosted oil prices and reinforced expectations of tighter monetary policy, as per Kotak Neo analysts.

May 18, 2026, 12:29 pm IST

Oil Prices Today Live Updates: What Is Impacting Oil Prices Today?

Stalled US-Iran peace talks and the continued near-shutdown of the vital Strait of Hormuz kept global supply concerns elevated. President Donald Trump warned that Tehran is running out of time to reach an agreement with Washington, while Iranian media reports indicated the two sides remain deeply divided, with the US offering “no tangible concessions” during negotiations. Over the weekend, energy infrastructure across the Persian Gulf also came under attack, including a nuclear facility in the United Arab Emirates. At the same time, the Trump administration allowed a waiver permitting Russian crude sales to expire despite India’s appeal for an extension, adding further pressure to already constrained supplies. Meanwhile, last week’s two-day summit between Trump and Chinese President Xi Jinping ended without any concrete progress toward reopening the Strait of Hormuz, as per Trading Economics.

May 18, 2026, 12:28 pm IST

Oil Prices Live Updates Today: US WTI Crude, Brent Crude Rally

Currently, US WTI Crude oil price traded near 8 per barrel, with nearly 2.5% gains from previous session. Meanwhile, Brent Crude surged by 2% to above 1 per barrel.

May 18, 2026, 12:28 pm IST

Commodity Market Live Updates: Oil & Gas Stocks Crash

Oil and gas stocks tumbled sharply on May 18, after the government imposed Rs 3 per litre windfall tax on petrol but lowered levies on diesel and ATF. Nifty oil and gas index plunged by nearly 1.6% to hit a low of 11,071 in the day. Majority of oil and gas companies are trading in the red. Oil Marketing Companies like Indian Oil, HPCL and BPCL have taken the worst hit, while selling pressure is witnessed in ONGC and Oil India as well. Reliance Industries recovered early losses. The decline in OMC stocks comes after a hike in retail prices of petrol and diesel by Rs 3 per litre last week. While natural gas companies like MGL, GAIL, Adani Total Gas, and IGL tumbled after hike in CNG rates by Rs 2 per Kg across major metro cities.

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May 18, 2026, 12:25 pm IST

Gold Rates & Silver Rates Today Live: MCX Gold Steady, Silver Price Falls

MCX silver plunges below Rs 2.72 lakh mark to trade at Rs 2,71,281 per 1Kg, down by Rs 605 or 0.22%. On the other hand, MCX gold traded near its intraday high to Rs 1,58,750 per 10 grams, which is up by Rs 203 or 0.13%.

May 18, 2026, 12:07 pm IST

Gold Rates Today Live Updates: NSE Commences Trading in Electronic Gold Receipts (EGRs)

Vaulting and Collection Centres are currently operational at Ahmedabad and Mumbai.
Four additional centres at Delhi, Kolkata, Chennai and Bangalore are being activated, effective today.
The Exchange will announce further centres in a phased manner, with the network expanding up to 120 centres across the country in due course of time.

The National Stock Exchange of India (NSE) is pleased to announce the successful commencement of live trading in the Electronic Gold Receipts (EGR) segment with effect from today, 18 May 2026. The launch follows a comprehensive mock trading exercise conducted on Saturday, 16 May 2026, which was completed without any errors or system exceptions, and live trading has accordingly commenced seamlessly with all systems functioning as designed. The Exchange has received an overwhelming response to the EGR product from market participants and the broader ecosystem. The key updates are as follows:

May 18, 2026, 10:49 am IST

Gold Rates Today Live Updates: Gold Prices In Chennai Flat

Gold Purity	100g	10g	8g	1g	Trend
24 Carat	Rs 16,09,100	Rs 1,60,910	Rs 1,28,728	Rs 16,091	Flat
22 Carat	Rs 14,75,000	Rs 1,47,500	Rs 1,18,000	Rs 14,750	Flat
18 Carat	Rs 12,31,000	Rs 1,23,100	Rs 98,480	Rs 12,310	Flat

Unlike cities like Mumbai, Hyderabad and Bengaluru, gold rates in Chennai are flat. Today's gold price in Chennai stands at ₹16,091 per gram for 24 karat gold (99.9% purity), ₹14,750 per gram for 22 karat gold (91.6% purity), and ₹12,310 per gram for 18 karat gold (75% purity).

May 18, 2026, 10:46 am IST

Gold Rates Today Live Updates: Gold Rates In Hyderabad Fall & Rise Both

Gold Purity	Weight	Change	New Price
24 Carat	100g	▲ Rs 39,800	Rs 16,09,100
	10g	▲ Rs 3,980	Rs 1,60,910
	8g	▲ Rs 3,184	Rs 1,28,728
	1g	▲ Rs 398	Rs 16,091
22 Carat	100g	▼ Rs 6,500	Rs 14,32,000
	10g	▼ Rs 650	Rs 1,43,200
	8g	▼ Rs 520	Rs 1,14,560
	1g	▼ Rs 65	Rs 14,320
18 Carat	100g	▼ Rs 5,300	Rs 11,71,700
	10g	▼ Rs 530	Rs 1,17,170
	8g	▼ Rs 424	Rs 93,736
	1g	▼ Rs 53	Rs 11,717

On May 18, 24 carat gold price surged in Hyderabad, but 22 carat and 18 carat crashed in the city. Today's gold price in Hyderabad stands at ₹15,622 per gram for 24 karat gold (99.9% purity), ₹14,320 per gram for 22 karat gold (91.6% purity), and ₹11,717 per gram for 18 karat gold (75% purity).

May 18, 2026, 9:42 am IST

Silver Rates Today Live Updates: Spot Silver Falls Below

Silver fell below an ounce on Monday. sliding for the third straight session as growing signs that the Middle East-driven energy price shock is spilling over into broader inflation trends reinforced expectations for tighter central bank policy. The metal also faced pressure from a stronger US dollar and rising Treasury yields after hotter-than-expected US inflation data prompted investors to rule out any Federal Reserve rate cuts this year, while also increasing bets that policymakers could still deliver a rate hike before year-end, as per Trading Economics.

May 18, 2026, 9:41 am IST

Silver Rates Today Live Updates: MCX Silver Jumps By Nearly Rs 1,000

In the early trade, MCX silver price for July 2026 expiry, surge by Rs 951 or 0.4% to trade at Rs 2,72,837 per 1Kg. However, in the opening bell, silver touched an intraday high of Rs 2,74,145 per 1Kg.

May 18, 2026, 9:39 am IST

Gold Rates Today Live Updates: Spot Gold Below ,550

Spot gold fell marginally and struggled below ,450 per ounce on Monday, after recording 4% decline last week. As per Trading Economics, this was due to mounting evidence that the Middle East-driven energy price shock is feeding into broader inflation pressures strengthened expectations for central bank policy tightening.

May 18, 2026, 9:37 am IST

Gold Rates Today Live Updates: MCX Gold Trades Cautiously

MCX gold traded above Rs 1.58 lakh, however, the movement was cautious. In the early trade, MCX gold for June 2026 expiry, traded at Rs 1,58,743 per 10 grams, up by Rs 196 or 0.12%. This price level is near the day's high of Rs 1,58,782 per 10 grams. However, MCX gold is still higher despite selloffs in spot gold.