Gold-Silver Price Today: Turmoil in the global market, fall in gold and silver, quickly check today’s rates…

Lifestyle Desk – Gold-Silver Price Today: Friday which is the last trading day of the week. After the initial rise in the prices of gold and silver, a decline is being seen once again. The main reason for this change is the emerging signs of a possible peace agreement between America and Iran. As a result, today on May 29, 2026, gold and silver prices are seen falling both on the domestic MCX and the global commodity exchange, COMEX.

Yesterday (May 28, 2026) the prices of gold and silver were moving upward in the domestic commodity market (MCX). However, due to signs of easing geopolitical tensions on the international stage, huge fluctuations can be seen in the prices of gold and silver today on the last day of the trading week.

COMEX falls after initial surge

On the last trading day of last week, signs of decline were already visible in the international commodity markets. Today, due to expectations of a peace agreement between America and Iran, crude oil prices have started falling. A trend that has subsequently affected the entire commodity market.

On the COMEX, gold prices were initially up 0.19% at $4,540.90 an ounce at 7:45 am. Similarly, silver prices rose 0.57% to $76.345 an ounce. However, by 9:33 am, gold rates on COMEX fell to $4,530 an ounce, while silver rates stood at $75.77 an ounce.

Current situation in domestic commodity market

Today, gold prices opened lower by 0.25% at Rs 156,540 per 10 grams, while silver prices opened lower by 0.49% at Rs 268,213 per kg. On May 28, the MCX futures contract of gold (for delivery on June 5, 2026) closed at Rs 156,900 per 10 grams, registering a gain of 0.82%. Additionally, the silver contracts for delivery on July 3, 2026 closed at Rs 269,630 per kg, registering a gain of 1.28%.

Price of 24 carat, 22 carat and 18 carat gold in major cities of India

There is a slight difference in the prices of gold in major cities of the country, which depends on local taxes, demand and transport costs. 24 carat gold, considered the purest, had the highest price across cities, while 22 carat and 18 carat gold were available at relatively lower prices. In New Delhi, the price of 24 carat gold was recorded at ₹15,620 per gram, while 22 carat gold was at ₹14,319 per gram and 18 carat gold was at ₹11,718 per gram. These rates in the capital are considered to be the main indicator of the entire North Indian market.

The price of gold in Chennai was slightly higher than other cities. Here 24 carat gold was recorded at ₹ 15,817 per gram, 22 carat ₹ 14,499 per gram and 18 carat ₹ 12,159 per gram. Due to the demand and jewelery culture in South India, prices remain relatively high here.

In Mumbai, Kolkata, Bangalore and Hyderabad, 24 carat gold was around ₹ 15,605 per gram. In all these cities, 22 carat gold was seen stable at ₹ 14,304 per gram and 18 carat gold at ₹ 11,703 per gram. This shows that the market in these metros is following almost the same trend. Gold prices were slightly different in Ahmedabad, where 24 carat gold was recorded at ₹15,610 per gram, 22 carat ₹14,309 per gram and 18 carat ₹11,708 per gram. This difference is seen due to local tax structure and demand pattern.

Geopolitical tensions set to reshape commodity markets

After the news of 60 days ceasefire between America and Iran, a big change seems to be coming in the market. It is believed that Iran will also reopen the Strait of Hormuz without any conditions.

However, no official announcement has been made by any party yet. Apart from this, this is not the first time that news related to the end of enmity between the two sides has come to light. If these tensions subside, the upward pressure on gold and silver prices will reduce, and the market will heave a sigh of relief.

Latest silver rates in major cities of India today

According to ‘Good Returns’, the price of silver in Delhi, Mumbai, Kolkata, Bengaluru and Bhopal is ₹ 274,900 per kg. Apart from this, its price in Chennai is ₹284,900 per kg.