Gold, silver rates on May 28: Check latest prices for 24K, 22K, 18K in Delhi, Mumbai, Chennai, Kolkata

Gold and silver prices in India on May 28, 2026 remained largely steady with minor fluctuations across major cities, even as global markets reacted to geopolitical tensions in West Asia and mixed signals from the US dollar. Precious metals, which are traditionally considered safe-haven assets, have not shown sharp upside, indicating cautious investor sentiment and stable domestic demand.

As per the latest retail market rates, 24-carat gold is trading around ₹15,828 per gram, while 22-carat gold is priced near ₹14,509 per gram. Silver prices are hovering close to ₹2,84,900 per kilogram in the domestic bullion market. Prices vary slightly across cities due to local taxes, transportation costs, and jewellers’ margins.

DO CHECKOUT | Gold, silver prices rise again: Should investors stay invested in ETFs or book profits?

Gold prices in major cities (per gram)

City	24K Gold (₹)	22K Gold (₹)
Delhi	15,843	14,524
Mumbai	15,828	14,509
Chennai	15,981	14,649
Kolkata	15,828	14,509

It is to be noted that gold prices in India are mainly influenced by international bullion rates, rupee-dollar movement, import duty, and seasonal jewellery demand. With the wedding and festive season approaching in some regions, retail demand remains stable, preventing sharp price corrections.

Check the latest gold rates here

Silver prices in major cities

Silver continues to trade at elevated levels compared to long-term averages, supported by industrial demand as well as investment buying. Unlike gold, silver prices are more sensitive to global manufacturing trends, making the metal more volatile during uncertain economic conditions.

City	Silver (₹ per 10 gm)	Silver (₹ per kg)
Delhi	2,849	2,84,900
Mumbai	2,849	2,84,900
Chennai	2,899	2,89,900
Kolkata	2,849	2,84,900

Check the latest silver rates here

MCX closing prices (last trading session on May 27, 2026)

On the Multi Commodity Exchange (MCX), gold settled slightly lower at ₹1,57,859 per 10 grams on Wednesday while physical bullion averaged around ₹1,58,290 per 10 grams. Silver faced heavier selling, with MCX prices falling nearly 1.65% to ₹2,72,000 per kg, though physical market rates were slightly higher at about ₹2,85,000.

Commodity	Price (MCX)	Change
Gold (June futures)	₹1,57,859 per 10 grams	Down 1.54%
Silver (July futures)	₹2,72,830 per kg	Down 1.65%

MUST READ | Why is copper emerging as the next big play in global commodities?

Recent futures market data showed mild pressure on bullion, with silver witnessing a sharper correction compared to gold. Analysts say traders remain cautious ahead of global macroeconomic cues, currency movement, and geopolitical developments, which are likely to determine the next trend in precious metals.