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Fri, 29 May 2026
05:47:22 pm
Fri, 29 May 2026
05:47:22 pm
Synopsis
Gold and silver prices in India remain near record highs on May 29, 2026. Check latest MCX gold and silver rates, city-wise 22K and 24K gold prices, silver prices, market trends, and expert outlook.
Gold and silver prices in India remained near record highs on May 29, 2026, as investors continued to seek safe-haven assets amid geopolitical uncertainty, expectations around US Federal Reserve policy, and persistent global economic volatility. MCX gold futures traded close to ₹1.57 lakh per 10 grams, while silver futures hovered near ₹2.70 lakh per kilogram. Retail gold prices across major Indian cities remained elevated, with 24K gold trading in the ₹1.55 lakh to ₹1.59 lakh per 10-gram range and 22K gold between ₹1.42 lakh and ₹1.47 lakh.
| Metric | Price |
|---|---|
| MCX Gold Futures | ₹1,56,900–₹1,57,000 per 10g |
| MCX Silver Futures | ₹2,69,900 per kg |
| 24K Gold (India Average) | ₹1.55–₹1.59 lakh per 10g |
| 22K Gold (India Average) | ₹1.42–₹1.47 lakh per 10g |
| Silver (Retail) | ₹2.65–₹2.75 lakh per kg |
| Market Trend | Bullish but Volatile |
Gold futures on the Multi Commodity Exchange (MCX) remained firmly positioned near historic highs despite intermittent profit booking. Investor sentiment continues to be supported by safe-haven demand, central bank purchases, geopolitical tensions in the Middle East, and expectations that global interest rates could gradually move lower in the coming quarters.
| Particulars | Price |
|---|---|
| Gold Futures (June 2026) | ₹1,56,900–₹1,57,000 |
| Day High | ₹1,57,158 |
| Day Low | ₹1,53,451 |
| Previous Close | ₹1,55,627 |
The gold market continues to attract both institutional and retail investors as uncertainty surrounding global growth, inflation, and geopolitical developments keeps demand for precious metals elevated.
Silver futures maintained strong momentum on the MCX, supported by robust industrial demand and continued investor interest. Unlike gold, silver benefits from both safe-haven demand and industrial consumption, making it one of the best-performing commodities of 2026.
| Particulars | Price |
|---|---|
| Silver Futures (July 2026) | ₹2,69,900 per kg |
| Market Trend | Strong but Volatile |
| Broader Outlook | Bullish |
Growing demand from solar energy, electric vehicle manufacturing, electronics production, and semiconductor industries continues to support silver prices globally.
Retail gold prices remained elevated across major Indian cities, reflecting strong domestic demand, global bullion trends, rupee fluctuations, and local market premiums.
| Purity | Price per Gram | Price per 10 Gram |
|---|---|---|
| 24K Gold | ₹15,500–₹15,900 | ₹1,55,000–₹1,59,000 |
| 22K Gold | ₹14,200–₹14,700 | ₹1,42,000–₹1,47,000 |
| 18K Gold | ₹11,600–₹12,100 | ₹1,16,000–₹1,21,000 |
| Purity | Price |
|---|---|
| 24K Gold | ₹1,58,430 |
| 22K Gold | ₹1,45,200–₹1,46,000 |
| Purity | Price |
|---|---|
| 24K Gold | ₹1,58,000–₹1,59,000 |
| 22K Gold | ₹1,45,000–₹1,46,000 |
| Purity | Price |
|---|---|
| 24K Gold | ₹1,58,280–₹1,58,410 |
| 22K Gold | ₹1,44,150–₹1,46,200 |
| Purity | Price |
|---|---|
| 24K Gold | ₹1,56,050 |
| 22K Gold | ₹1,43,040 |
| Purity | Price |
|---|---|
| 24K Gold | ₹1,58,000–₹1,60,000 |
| 22K Gold | ₹1,45,000–₹1,47,000 |
| Purity | Price |
|---|---|
| 24K Gold | ₹1,58,000–₹1,59,000 |
| 22K Gold | ₹1,45,000–₹1,46,000 |
Silver prices remained close to record levels as industrial demand continued to outpace historical averages. The metal has emerged as one of the strongest-performing commodities globally due to its growing role in clean energy and advanced technology sectors.
| Unit | Price |
|---|---|
| 1 Gram | ₹265–₹275 |
| 10 Gram | ₹2,650–₹2,750 |
| 100 Gram | ₹26,500–₹27,500 |
| 1 Kg Silver | ₹2,65,000–₹2,75,000 |
| State | Silver Price (1 Kg) |
|---|---|
| Karnataka | ₹2.68–₹2.72 lakh |
| Maharashtra | ₹2.68–₹2.73 lakh |
| Uttar Pradesh | ₹2.67–₹2.72 lakh |
| Gujarat | ₹2.67–₹2.73 lakh |
| Tamil Nadu | ₹2.68–₹2.74 lakh |
Several powerful macroeconomic and geopolitical factors continue to support precious metal prices globally.
Analysts expect precious metals to remain volatile but structurally bullish as global investors continue to navigate geopolitical uncertainty and monetary policy changes.
| Zone | Importance |
|---|---|
| ₹1.53–₹1.55 lakh | Major Support |
| ₹1.57 lakh | Current Trading Zone |
| ₹1.60–₹1.62 lakh | Resistance Zone |
| ₹1.65 lakh | Breakout Target |
| Zone | Importance |
|---|---|
| ₹2.60–₹2.65 lakh | Support Zone |
| ₹2.70 lakh | Current Trading Zone |
| ₹2.75–₹2.85 lakh | Resistance Zone |
| ₹3.00 lakh | Long-Term Target |
India's precious metals market continues to remain in a structurally bullish phase as global uncertainty, safe-haven demand, and industrial consumption support elevated price levels. Gold remains a preferred hedge against inflation and geopolitical risk, while silver is benefiting from both investment demand and rapid industrial adoption across renewable energy, electric vehicles, and technology sectors.
With MCX gold trading near ₹1.57 lakh per 10 grams and silver futures approaching ₹2.70 lakh per kilogram, investors should expect continued volatility. However, the broader long-term outlook for both precious metals remains positive as global economic uncertainty and strategic demand drivers continue to support prices.
MCX Gold Futures are trading around ₹1.56 lakh–₹1.57 lakh per 10 grams.
MCX Silver Futures are trading near ₹2.70 lakh per kilogram.
24K gold is trading between ₹1.55 lakh and ₹1.59 lakh per 10 grams.
22K gold is trading between ₹1.42 lakh and ₹1.47 lakh per 10 grams.
Gold prices are supported by geopolitical tensions, central bank buying, safe-haven demand, and interest-rate expectations.
Silver is benefiting from strong industrial demand from solar, EV, semiconductor, and electronics industries.
Cities like Chennai and Kochi typically trade at higher premiums due to stronger demand.
Analysts remain cautiously bullish on both metals amid continued global uncertainty.
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