Gold and silver rates in India on May 27, 2026, showed general stability with only minor city-wise variations, reflecting cautious investor sentiment despite ongoing geopolitical tensions in West Asia and mixed signals from the US dollar. As traditional safe-haven assets, precious metals have not experienced sharp upward movements, indicating consistent domestic demand.
Today's Bullion Prices Across India
As per the latest retail market data, 24-carat gold is priced around ₹15,829 per gram, while 22-carat gold trades near ₹14,510 per gram. Silver prices hover close to ₹2,85,000 per kilogram in the domestic bullion market. These prices can vary slightly across different cities due to local taxes, transportation expenses, and jewellers' margins.
Gold Rates by Purity and City
For 24K gold, prices ranged from approximately ₹15,829 per gram in Mumbai and Kolkata to ₹16,068 per gram in Chennai, with Delhi at ₹15,844 per gram. Similarly, 22K gold was around ₹14,510 per gram in Mumbai and Kolkata, ₹14,525 in Delhi, and ₹14,729 in Chennai.
Silver Market Overview
Silver continues to maintain elevated levels compared to its long-term averages, buoyed by both industrial demand and investment interest. The metal's price can be more volatile than gold due to its sensitivity to global manufacturing trends during uncertain economic periods.
City-wise, silver was priced at ₹2,850 per 10 grams (or ₹2,85,000 per kilogram) in Delhi, Mumbai, and Kolkata. Chennai recorded slightly higher rates at ₹2,949 per 10 grams (₹2,94,900 per kilogram).
Factors Influencing Gold and Silver Prices
Several key factors shape gold prices in India:
- International Bullion Rates: Global market movements significantly impact domestic prices.
- Rupee-Dollar Movement: Fluctuations in the Indian rupee against the US dollar affect import costs.
- Import Duties: Government levies on imported gold and silver play a role in final retail prices.
- Seasonal Demand: Approaching wedding and festive seasons often lead to stable retail demand, preventing sharp price corrections.
Analysts suggest that traders remain cautious, awaiting further global macroeconomic cues, currency shifts, and geopolitical developments to determine future trends in precious metals.
MCX Performance (Previous Session)
On the Multi Commodity Exchange (MCX) for the last trading session on May 26, 2026:
- Gold (June futures) settled slightly lower at ₹1,58,268 per 10 grams, experiencing a minor dip of 0.51%.
- Silver (July futures) faced heavier selling pressure, falling nearly 1.4% to ₹2,72,830 per kilogram.
This futures market data indicates mild pressure on bullion, with silver showing a more pronounced correction compared to gold.