Gold Prices Fall for Second Straight Day: Check Latest 24K, 22K and 18K Gold Rates in 10 Major Cities

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Gold prices in India continued to decline for the second consecutive day on May 27, while silver prices also slipped after remaining stable for nearly five days. The weakening trend in precious metals comes amid volatility in global commodity markets and uncertainty surrounding crude oil prices, inflation concerns, and industrial demand trends.

According to the latest market rates, 24-carat gold has become cheaper by nearly ₹490 per 10 grams over the past two sessions, while 22-carat gold has fallen by around ₹460 during the same period.

Market experts say rising crude oil prices and mixed global economic signals are creating pressure on both gold and silver prices internationally, which is also influencing domestic bullion markets in India.

Gold Prices Decline Again After Brief Recovery

Gold had witnessed a short-lived recovery on May 25 after remaining stable for a day. During that session:

• 24K gold rose by around ₹320 per 10 grams
• 22K gold increased by nearly ₹300 per 10 grams

However, the upward momentum did not sustain, and prices started falling again over the last two days.

On May 27, gold rates in the national capital New Delhi dropped slightly once again, with both 24K and 22K gold becoming cheaper by ₹10 per 10 grams.

Latest Gold Rates in 10 Major Indian Cities

Here are the latest prices of 24K, 22K, and 18K gold for 10 grams across major Indian cities.

Note

These are indicative market rates and do not include:

• GST
• TCS
• Making charges
• Other local levies

Actual jewellery prices may vary depending on jewellers, designs, and city-wise charges.

Silver Prices Also Turn Lower

Silver prices also weakened today after remaining unchanged for nearly five consecutive days.

Before the recent stability, silver prices had surged sharply on May 21 by nearly ₹5,000 per kilogram.

On May 27:

• Silver prices in Delhi fell by ₹100 per kilogram
• The metal is now trading around ₹2,84,900 per kg

Similar prices were reported in:

• Mumbai
• Kolkata

However, silver remains costlier in Chennai, where prices are currently around ₹2,94,900 per kilogram, making it the most expensive among the four major metro cities.

Why Gold and Silver Prices Are Falling

Market analysts say multiple global and domestic factors are currently influencing bullion prices.

Major Factors Impacting Gold and Silver Rates

• Crude oil price volatility
• Global inflation concerns
• US interest rate expectations
• International geopolitical tensions
• Dollar movement
• Industrial demand uncertainty for silver

Experts say uncertainty surrounding industrial consumption has particularly increased pressure on silver prices.

Gold Continues To Remain a Popular Investment in India

Despite short-term price fluctuations, gold remains one of the most trusted investment options in India. Demand usually stays strong during:

• Wedding seasons
• Festivals
• Investment cycles
• Inflationary periods

Many investors also consider gold a safer asset during times of economic uncertainty.

Should Buyers Purchase Gold Now?

Financial experts say gold buyers should avoid panic based on short-term daily price movements.

Instead, they recommend:

• Tracking long-term trends
• Comparing local jeweller prices
• Monitoring global market signals
• Checking purity certifications carefully

People purchasing jewellery are also advised to factor in additional costs such as making charges and taxes before finalizing purchases.

Bullion Market Remains Volatile

The bullion market continues witnessing rapid fluctuations due to global economic developments and geopolitical uncertainties. Analysts believe precious metal prices may remain volatile in the coming weeks depending on:

• International market sentiment
• Central bank policy decisions
• Crude oil movements
• Currency fluctuations

As a result, investors and jewellery buyers are closely monitoring daily gold and silver price movements across major Indian cities.