Gold and silver price today, 18 May: Check retail rates of 24K, 22K gold and 999 silver in Delhi, Mumbai, other cities
Published 2026-05-20 · Bazaar Watch Research
What Happened
MCX gold prices experienced a fall on Monday morning, May 18th.
This decline was primarily triggered by a rise in global crude oil prices.
Rising crude oil prices boosted the US dollar index, making gold more expensive for buyers using currencies other than the US dollar, thus putting pressure on gold rates.
Why It Matters
Indian retail investors holding gold or planning purchases might see an impact on their portfolio value or find a potential entry point at lower prices.
A stronger US dollar generally makes imports, including essential commodities like crude oil, more expensive for India, potentially affecting inflation.
The ongoing geopolitical tensions, specifically the US-Israel and Iran conflict, remain a significant factor influencing gold's safe-haven appeal.