Gold prices increase by ₹1,168 to ₹1.59 lakh:It gains ₹26,000 this year, while silver jumps ₹2.7 lakh per kg

Gold and silver prices saw an increase today, May 19. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold increased by ₹1,168 to ₹1.59 lakh. Meanwhile, the price of 1 kg of silver increased by ₹2,181 to ₹2.70 lakh. Earlier, its price was ₹2.68 lakh. Gold price by carat Gold prices in major cities of the country Source: goodreturns May 19, 2026 Gold is 26,000 and Silver is 40,000 More Expensive This Year This year, the prices of gold and silver are continuously fluctuating. Gold has become ₹26,000 and silver ₹40,000 more expensive so far in 2026. On December 31, 2025, 10g of gold was at ₹1.33 lakh, which has now reached ₹1.59 lakh. Meanwhile, silver was ₹2.30 lakh per kg, which has now reached ₹2.70 lakh. During this period, on January 29, gold also made an all-time high of ₹1.76 lakh and silver of ₹3.86 lakh. Gold and Silver Movement So Far This Year Note:- Gold price per 10 grams and silver price per kg | Source:- IBJA Govt increased import duty on gold and silver from 6% to 15% The central government has increased the import duty on gold and silver from 6% to 15%. The government has imposed a 10% Basic Customs Duty and a 5% Agriculture Infrastructure and Development Cess (AIDC) on gold. Keep these 2 things in mind when buying gold from jewelers 1. Buy only certified gold: Always buy certified gold with a Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, something like this – AZ4524. Hallmarking indicates the caratage of the gold. 2. Cross-check the price: Cross-check the correct weight of the gold and its price on the day of purchase from several sources (such as the India Bullion and Jewelers Association website).