Gold Rates Drop Today Despite Wedding Season Demand; Check 24K & 22K Gold & Silver prices in Your City, May 26

Gold prices in India sharply declined on May 26, with 24-carat gold falling by Rs. 4,400 per 100 grams. This correction comes after a 1% weekend rise, due to massive demand for gold jewellery. Last week, gold rate in India saw multiple ups and downs, keeping both investors and buyers alert. Despite the drop today, the demand for gold and silver jewellery remains strong. Many retail buyers have been rushing to jewellery stores, because the wedding season is in full swing in india.

In the international gold market, prices slipped by around 0.3% today due to lingering global trade tensions. Meanwhile, the US dollar weakened to its lowest level so far this year, providing mixed signals for gold investors. However, silver prices in India bucked the trend and rose today all because of th rising demand.

Gold Rate in India Today

As of May 26th, the pure gold, or 24-carat gold, rate in India today slipped by Rs. 440 per 10 grams to cost Rs. 97,640 per 10 grams. While the standard gold or the 22-carat gold prices today fell by Rs. 400 per 10 grams to cost Rs. 89,500 per 10 grams. Similarly, the 18-carat gold rate today declined by Rs 330 per 10 grams, and it currently retails for Rs 73,230 per 10 grams.

And just like that, the 100 grams of 22-carat gold cost Rs 8,95,00, which slipped by Rs 4,000. While the 24-carat gold price in India per 100 grams now costs Rs 9,76,400 after slipping by Rs 4,400 per 100 grams.

Silver Rate in India Today

In contrast to the gold, silver price in India today jumped and are back at the Rs. 1lac mark. 1kg of silver currently retails at Rs. 1,00,000 per kilogram after rising Rs. 100. Meanwhile, 100g of silver rates in India cost Rs 10,000, rising by Rs 10.

Gold Price Outlook Ahead

"Gold extended its weekly gain toward 5% on Friday after Donald Trump threatened to impose sweeping tariffs on the European Union and Apple Inc., fuelling demand for haven assets. Spot bullion rose by as much as 2.1% after the US president threatened a 50% tariff on goods from the European Union starting on June 1. Gold and silver prices are trading mixed today on the international bourses. We expect precious metal prices on Indian bourses to trade rangebound to slightly higher for the day, as its haven status was impacted by signs President Donald Trump may be easing his aggressive stance on trade with the European Union after he extended a deadline on sweeping tariff measures." as per the Nirmal Bang Securities report.

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MCX Gold Futures and Silver Futures Prices

Gold futures at the multi-commodity exchange also slipped this morning. Gold futures, which are expected to mature on June 5th currently trading at Rs 95,715 after declining 0.73% per 10 grams. Similarly, silver futures slated to mature on 4th July dropped by 0.08%. To trade at Rs 97,975.

Spot Gold Prices + Spot Silver Price Today

According to the latest Reuters report, "Spot gold was down 0.3% at $3,346.55 an ounce, as of 0522 GMT. U.S. gold futures fell 0.6% to $3,345.80. Spot silver rose 0.1% to $33.52 an ounce."

Gold Rates Today-City-Wise List

Gold rates in several major metropolitan cities in India, such as Chennai, Mumbai, Bangalore, and Hyderabad, fell sharply. Here's the latest city-wise update on 22-carat and 24-carat gold rates as of May 26th, Monday.

In Bangalore, the gold rate for 24-carat is Rs. 97,640 per 10 grams, and the 22-carat gold rate in Bangalore is Rs. 89,500 per 10 grams.

In Hyderabad, the 24K gold price is Rs. 97,640 per 10 grams, and the 22K gold rate there is Rs. 89,500 per 10 grams.

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