Gold Price Today: Gold Extends Losing Streak Across Major Cities; Check Latest 22K and 24K Rates

Gold prices continued to decline across India on May 29, 2026, with rates slipping in several major cities, including Delhi, Mumbai, Chennai, Kolkata, and Bengaluru. The ongoing weakness in precious metals comes amid uncertainty surrounding geopolitical developments in the Middle East and increasing demand for the US dollar as a preferred safe-haven asset.

Market analysts believe that investors are adopting a cautious stance toward gold purchases as global economic and political factors continue to influence commodity markets. The latest decline has resulted in lower prices for both 22-carat and 24-carat gold across most metropolitan regions.

Meanwhile, silver prices have also moved lower, reflecting broader weakness in the precious metals segment.

Why Are Gold Prices Falling?

According to market observers, the recent decline in gold prices is linked to developments involving the United States and Iran.

Reports suggest that discussions regarding a potential agreement between the two nations have reduced some immediate concerns in global markets. However, conflicting statements from various sources have kept uncertainty elevated.

Experts note that if diplomatic efforts fail and tensions escalate further, energy prices could rise significantly, potentially disrupting global trade and increasing inflationary pressures worldwide.

Higher inflation and persistent economic uncertainty may encourage central banks, including the US Federal Reserve, to maintain tighter monetary policies for longer periods. Such an environment is generally viewed as unfavorable for non-interest-bearing assets such as gold and silver.

In international markets, spot gold was trading at approximately $4,512.79 per ounce, while investors closely monitored geopolitical developments and currency movements.

Latest Gold Rates in Major Indian Cities

Delhi

• 24-Carat Gold: ₹1,56,200 per 10 grams

• 22-Carat Gold: ₹1,43,190 per 10 grams

Mumbai

• 24-Carat Gold: ₹1,56,050 per 10 grams

• 22-Carat Gold: ₹1,43,040 per 10 grams

Kolkata

• 24-Carat Gold: ₹1,56,050 per 10 grams

• 22-Carat Gold: ₹1,43,040 per 10 grams

Chennai

• 24-Carat Gold: ₹1,58,170 per 10 grams

• 22-Carat Gold: ₹1,44,990 per 10 grams

Bengaluru

• 24-Carat Gold: ₹1,56,050 per 10 grams

• 22-Carat Gold: ₹1,43,040 per 10 grams

Pune

• 24-Carat Gold: ₹1,56,050 per 10 grams

• 22-Carat Gold: ₹1,43,040 per 10 grams

Gold Price Table: May 29, 2026

Silver Prices Also Move Lower

Silver followed gold's downward trend on Friday morning.

Silver Rate Today

• Domestic Silver Price: ₹2,74,900 per kilogram

• International Spot Silver Price: $76.17 per ounce

Analysts believe that ongoing geopolitical developments, changing investor sentiment, and currency fluctuations are continuing to influence the performance of precious metals worldwide.

Interestingly, silver had crossed the ₹4 lakh per kilogram mark in India earlier this year, highlighting the significant volatility witnessed in the commodity market during recent months.

Factors Influencing Gold and Silver Prices

Several global and domestic factors affect precious metal prices, including:

• US Dollar strength

• Geopolitical tensions

• Central bank monetary policies

• Inflation expectations

• Global economic growth outlook

• Demand from jewelry and investment sectors

When investors move toward the dollar or other financial assets, gold often experiences selling pressure. Conversely, heightened uncertainty and economic instability typically boost demand for precious metals.

Things Buyers Should Keep in Mind

Individuals planning to purchase gold should consider more than just daily price movements.

Before buying:

• Verify purity and hallmark certification.

• Check the Hallmark Unique Identification (HUID) number.

• Compare making charges across jewelers.

• Keep purchase invoices for future resale or exchange.

• Monitor both international and domestic market trends.

Hallmarked jewelry provides greater transparency and helps consumers verify the authenticity of their purchase.

Outlook for Precious Metals

While short-term price movements remain heavily influenced by global political developments and monetary policy expectations, experts suggest that volatility could continue in the coming weeks.

Investors and buyers are advised to track market developments closely before making major purchasing or investment decisions.

Disclaimer: Gold and silver prices fluctuate frequently based on market conditions. Rates may vary across cities and jewelry retailers. Investors should consult financial professionals before making investment decisions in precious metals.