Silver buyers got a shock, prices increased by more than ₹ 2300, gold price fell after PM Modi’s appeal

Gold-Silver Price Today 11 May 2026: A lot of movement is being seen in the prices of gold and silver on the first day of the trading week. A fall of Rs 80 has been recorded in the prices of gold in Multi Commodity Exchange (MCX). MCX is currently trading at Rs 1,52,443 for 10 grams of gold. On the contrary, silver prices have increased by Rs 2378. Silver is trading at Rs 2,64,300 per kg.

Apart from the Indian markets, a decline in the price of gold has also been recorded in the international market. The price of gold is falling 0.74 percent and trading at $ 4694 an ounce. At the same time, the price of silver has increased by 0.53 percent and is trading at $ 81.290 an ounce.

PM Modi had appealed not to buy gold

The fall in gold prices has come at a time when, a day before, Prime Minister Narendra Modi had appealed to the public not to buy gold for the next one year. While addressing a public meeting in Telangana on Sunday, PM Modi had appealed to the public not to buy gold for any family function for the next one year. He told them that a lot of foreign currency is used in buying gold, which weakens the country’s economy.

Experts believe that gold and silver prices may remain in a limited range for the second consecutive week. The reason behind this is clear that investors are keeping an eye on global news and economic ups and downs. At present, all the attention of the market is on the ongoing war and peace talks between America and Iran. The effect of which is also visible on the mood of investors.

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Gold price in major cities