Gold Rate Today, May 18: How much you have to pay for 18, 22, 24 carat gold jewellery

Gold prices in the retail market are on a downtrend on Monday (May 18, 2026). Today, 24 carat gold is retailing at ₹1,57,070 per 10 gm, while 22 carat gold is priced at ₹1,43,990 per 10 gm.

After the import duty on gold and silver was hiked to 15% last week, jewellers and dealers citing 'heavy demand destruction' resorted to offering discounts.

Furthermore, other factors including the rising crude oil price and global inflation is weighing on international gold price movement, which in turn is pressurising gold price in the domestic markets.

As of May 18, 2026, here below are the latest rates across major brands.

Tanishq: 22 carat gold is priced at ₹1,43,450 per 10 gm. 24 carat gold quoted at ₹1,56,490 per 10 gm. Also, 18 carat gold is priced at ₹11,73,700

Joyalukkas: 22 carat gold is priced at ₹1,43,000 per 10 gm. 24 carat gold quoted at ₹1,62,330 per 10 gm.

Malabar Gold: 22 carat gold is priced for ₹1,43,000 and 24 carat gold is retailing at ₹ 1,56,000 per 10 gm.

Kalyan Jewellers: 22 carat gold is priced for ₹1,43,000 and 24 carat gold is retailing at ₹1,56,000 per 10 gm. The price of 18 carat gold is ₹1,17,000 per 10 gm.

At the Indian Bullion Jeweller's Association (IBJA) rates are as below:

Fine Gold (999): ₹15782

22 Carat: ₹15403

20 Carat: ₹14046

18 Carat :₹12784

Note the above rates are without 3% GST charge and making charges

Factors affecting gold rate today

Gold prices continued to drift lower on Monday. On the MCX, the yellow metal futures for delivery in June traded steady with a negative bias. At around 10:45 am, futures traded weak by 0.05% or ₹77 at ₹1,58,470 per 10 gm.

US gold futures, also traded in the red, with a cut of 0.41% at $4,543.01 per ounce.

The precious metal is witnessing decline as the continuing war between the US and Iran is fuelling oil price surge. Brent crude traded higher by nearly 2% at $111.1 per barrel. Also, expectations around higher-for-longer rates remain cemented.

Furthermore, gains in the dollar index and treasury yield are also weighing on gold prices. The rise in the dollar index - makes bullion expensive for holders of other currencies, impacting its demand.

On the US-Iran war front, amid escalation of tensions, reports suggest that the US ammunition flights have landed in Israel.

Meanwhile, investors are awaiting the US Federal Reserve's April meeting minutes due to be released this week.