On May 11, 2026, gold prices in India are as follows: ₹15,213 per gram for 24-carat gold, ₹13,945 for 22-carat, and ₹11,410 for 18-carat gold, according to Good Returns. Today's prices reflect minor decreases of ₹22, ₹20, and ₹16 respectively. The fluctuations in gold prices are linked to the ongoing conflict in West Asia, which began on February 28, and has led to rising crude oil prices, thereby increasing inflation concerns. This situation raises expectations that interest rates may remain elevated for a longer period. The blockage of the Strait of Hormuz has further exacerbated crude oil and fuel prices, indirectly influencing gold and silver prices. Gold prices in India are influenced by various factors, including global market rates, import duties, taxes, and currency exchange rates, which collectively drive daily price changes.