Gold and Silver Price Today in India, 26 May 2026: US Strikes Iran Again - Gold Falls ₹1,000 and Silver Drops ₹5,000 as Peace Deal Hopes Collapse
The gold price today in India is ₹15,903 per gram for 24-carat gold, falling 0.48% from Monday. The silver price today in India has crashed to ₹2,72,470 per kg, down a sharp 1.68% in a single session.
Gold and silver prices witnessed a sharp decline in Indian markets on Tuesday, tracking weakness in international bullion prices, pressure from a stronger rupee and a rise in crude oil prices, while renewed geopolitical tensions in West Asia kept investors cautious. On MCX, gold prices declined nearly 1%, slipping around ₹1,000 to trade near ₹1.58 lakh per 10 grams. Silver saw steeper losses, falling over ₹5,000 or nearly 1.8% to around ₹2.71 lakh per kilogram.
The trigger is clear. Yesterday's Iran peace hopes have been completely reversed overnight.
Gold and Silver Price Today in India – Key Highlights
| Metric | Gold 24K | Silver 999 |
|---|---|---|
| Spot Price (per 10g / per kg) | ₹1,59,030 | ₹2,72,470 |
| Change vs Yesterday | 🔴 ▼ −₹770 | 🔴 ▼ −₹4,660 |
| % Change | 🔴 ▼ −0.48% | 🔴 ▼ −1.68% |
| Retail per gram | ₹15,903 (24K) | ₹272 |
| 22K gold per gram | ₹14,578 | — |
| MCX Gold (June 2026) | ₹1,58,260/10g | — |
| MCX Gold Change | 🔴 ▼ −₹821 (−0.52%) | — |
| MCX Silver (July 2026) | — | ₹2,71,754/kg |
| MCX Silver Change | — | 🔴 ▼ −₹4,962 (−1.79%) |
| COMEX Gold | $4,532.60/oz | — |
| COMEX Gold Change | 🟢 ▲ +$9.40 (+0.21%) | — |
| COMEX Silver | $76.66/oz | — |
| COMEX Silver Change | 🟢 ▲ +$0.46 (+0.60%) | — |
| Gold-Silver Ratio | ~59.1:1 | — |
| 1 Day Ago (Gold / Silver) | ₹1,59,800 / ₹2,77,130 | — |
| 1 Week Ago (Gold / Silver) | ₹1,59,840 / ₹2,70,990 | — |
| 1 Month Ago (Gold / Silver) | ₹1,53,070 / ₹2,46,110 | — |
| 1 Year Ago (Gold / Silver) | ₹96,410 / ₹98,300 | — |
| Crude Oil (Brent) | ~$98/barrel | 🟢 ▲ Rising |
| Last Updated | 26 May 2026, 16:25 IST | 26 May 2026, 16:25 IST |
Note: An interesting split is visible today. MCX prices are down sharply (gold −0.52%, silver −1.79%) on domestic selling. COMEX prices, however, are slightly up (gold +0.21%, silver +0.60%). This shows Indian markets are reacting more strongly to the Iran escalation than global markets. The rupee strengthening against the dollar is adding extra domestic selling pressure.
Gold Price Today in India (24K, 22K, per gram and 10g)
The gold price today in India is ₹15,903 per gram for 24-carat gold, ₹14,578 per gram for 22-carat gold, ₹13,253 per gram for 20-carat gold, ₹11,927 per gram for 18-carat gold, and ₹9,277 per gram for 14-carat gold.
As per the latest retail market rates, 24-carat gold is trading around ₹15,889 per gram, while 22-carat gold is priced near ₹14,565 per gram. The slight variation between sources reflects timing differences and city-level premiums. On a per-10g basis, gold is at ₹1,59,030, down ₹770 from yesterday's close of ₹1,59,800.
Year-on-year, gold is still up a strong 64.95% from ₹96,410/10g in May 2025. Month-on-month it is up 3.89% from ₹1,53,070 on 26 April.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 24 Karat (999) | 15,903 | 1,59,030 | 15,90,300 | 🔴 ▼ −0.48% |
| 22 Karat | 14,578 | 1,45,778 | 14,57,775 | 🔴 ▼ |
| 20 Karat | 13,253 | 1,32,525 | 13,25,250 | 🔴 ▼ |
| 18 Karat | 11,927 | 1,19,273 | 11,92,725 | 🔴 ▼ |
| 14 Karat | 9,277 | 92,768 | 9,27,675 | 🔴 ▼ |
Silver Price Today in India (per gram and per kg)
The silver price today in India is ₹272 per gram and ₹2,72,470 per kg for 999 fine silver. Silver 925 sterling is ₹252 per gram. Silver 900 coin is ₹245 per gram.
Silver prices are hovering close to ₹2,85,000 per kilogram in the domestic retail bullion market, which is the GST and dealer margin-inclusive rate quoted by retail jewellers. The Bullions.co.in spot rate of ₹2,72,470/kg is the pre-tax base price.
Silver is down 1.68%, losing ₹4,660 from yesterday's close of ₹2,77,130/kg. Despite today's fall, silver remains up 10.71% from one month ago and up 177.18% year-on-year from ₹98,300/kg in May 2025.
| Unit | Silver 999 Fine (₹) | Silver 925 Sterling (₹) | Silver 900 Coin (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 1 gram | 272 | 252 | 245 | 🔴 ▼ −5 |
| 10 grams | 2,725 | 2,520 | 2,452 | 🔴 ▼ −47 |
| 100 grams | 27,247 | 25,203 | 24,522 | 🔴 ▼ −466 |
| 1 kg (999 fine) | 2,72,470 | 2,52,035 | 2,45,223 | 🔴 ▼ −4,660 |
| 1 ounce | 7,724 | 7,145 | 6,952 | 🔴 ▼ |
| 1 tola | 3,178 | 2,940 | 2,860 | 🔴 ▼ |
City-Wise Gold and Silver Rates Today (26 May 2026)
Prices vary slightly across cities due to local taxes, transportation costs and jewellers' margins. Gold prices in India are mainly influenced by international bullion rates, rupee-dollar movement, import duty, and seasonal jewellery demand. Chennai holds its usual premium over other metros. All rates are from Bullions.co.in (16:25 IST).
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) | vs Yesterday |
|---|---|---|---|---|---|
| Delhi | 2,72,470 | 272 | 1,59,030 | 1,45,778 | 🔴 ▼ Both fall |
| Mumbai | 2,72,470 | 272 | 1,58,880 | 1,45,640 | 🔴 ▼ Both fall |
| Chennai | 2,72,470 | 272 | 1,60,580 | 1,47,198 | 🔴 ▼ Both fall |
| Hyderabad | 2,72,470 | 272 | 1,58,880 | 1,45,640 | 🔴 ▼ Both fall |
| Bengaluru | 2,72,470 | 272 | 1,58,880 | 1,45,640 | 🔴 ▼ Both fall |
| Kolkata | 2,72,470 | 272 | 1,58,880 | 1,45,640 | 🔴 ▼ Both fall |
| Pune | 2,72,470 | 272 | 1,58,880 | 1,45,640 | 🔴 ▼ Both fall |
| Ahmedabad | 2,72,470 | 272 | 1,58,930 | 1,45,686 | 🔴 ▼ Both fall |
| Surat | 2,72,470 | 272 | 1,58,930 | 1,45,686 | 🔴 ▼ Both fall |
| Jaipur | 2,72,470 | 272 | 1,59,030 | 1,45,778 | 🔴 ▼ Both fall |
Muskaan Kapoor
MCX Gold and Silver Prices Today (26 May 2026)
On MCX, gold prices declined nearly 1%, slipping around ₹1,000 during intraday trade to near ₹1.58 lakh per 10 grams. Silver saw steeper losses, falling over ₹5,000 or nearly 1.8% to around ₹2.71 lakh per kilogram.
MCX gold (June 2026) closed at ₹1,58,260/10g, down ₹821 or 0.52% from the previous close of ₹1,59,081. The session range was ₹1,57,735 to ₹1,58,789. MCX silver (July 2026) settled at ₹2,71,754/kg, down ₹4,962 or 1.79% from the previous close of ₹2,76,716. The intraday range was ₹2,69,913 to ₹2,74,727.
| Contract | Price (₹) | Change | % Change | Intraday High | Intraday Low | Prev. Close |
|---|---|---|---|---|---|---|
| MCX Gold — June 2026 | 1,58,260/10g | 🔴 ▼ −821 | 🔴 −0.52% | 1,58,789 | 1,57,735 | 1,59,081 |
| MCX Silver — July 2026 | 2,71,754/kg | 🔴 ▼ −4,962 | 🔴 −1.79% | 2,74,727 | 2,69,913 | 2,76,716 |
Silver's intraday low of ₹2,69,913 is important. It briefly dipped below the ₹2,70,000 support level before recovering slightly. If MCX silver closes decisively below ₹2,70,000 in coming sessions, a sharper correction toward ₹2,60,000 could follow.
Global Gold and Silver Prices — COMEX and Spot (26 May 2026)
| Commodity | Exchange | Price (USD) | Change | % Change | Intraday High | Intraday Low |
|---|---|---|---|---|---|---|
| Gold Futures | COMEX | $4,532.60/oz | 🟢 ▲ +$9.40 | 🟢 +0.21% | $4,583.30 | $4,512.30 |
| Silver Futures | COMEX | $76.66/oz | 🟢 ▲ +$0.46 | 🟢 +0.60% | $79.25 | $75.92 |
| Gold-Silver Ratio | — | ~59.1:1 | 🟢 ▲ Rising | — | — | — |
Today's COMEX-MCX split is notable. COMEX gold is up 0.21% and COMEX silver up 0.60%, yet MCX gold is down 0.52% and MCX silver down 1.79%. The reason is a combination of a stronger rupee today and domestic profit-booking after yesterday's rally. Today's Bullions.co.in headlines read "Silver Prices Surge on Weak Dollar and Falling Oil Costs" (reflecting the early morning COMEX move) and "Gold Prices Fall Amid Rising US-Iran Tensions" (reflecting the domestic MCX outcome). Both headlines were right — just describing different markets at different times of day.
What Is Driving Gold and Silver Prices Today?
US Forces Strike Iran Again — Peace Hopes Evaporate
This is the dominant story today. Market sentiment turned cautious following renewed military tensions involving the United States and Iran. Reports indicated that US forces targeted missile launch sites and mine-laying vessels in southern Iran, raising fears of a prolonged conflict in the region. The development dampened optimism over a possible diplomatic breakthrough between Washington and Tehran, despite US President Donald Trump stating that negotiations were making progress.
Yesterday gold rose on peace hopes. Today those hopes have been reversed. This is the pattern that has repeated throughout May — a diplomatic signal triggers a rally, then a military action triggers a fall. Investors who tried to trade the peace narrative got caught out again.
Crude Oil Rising — Adding to the Confusion
Crude oil prices moved higher, adding another layer of uncertainty to global financial markets. Brent crude was seen nearing $98 per barrel, while US WTI crude traded around $92 per barrel. Rising oil prices have intensified concerns about inflation.
Higher oil is a conflicting signal for gold and silver. It supports inflation-hedge demand, which is positive. But it also reinforces the "higher for longer" interest rate view, which is negative for non-yielding metals. Today the negative side is winning — inflation fears are pushing investors toward dollars and bonds rather than gold and silver.
Stronger Rupee Amplifies Domestic Price Fall
A stronger rupee added to the selling pressure in domestic bullion markets. When the rupee strengthens against the dollar, imported metals become cheaper in INR terms. This is one of the rare sessions in recent weeks where a stronger rupee has actually brought domestic prices down faster than the COMEX move alone would suggest. Rupee strength has been compressing Indian gold and silver prices independently of global trends today.
Silver More Vulnerable Than Gold — Here Is Why
Silver fell nearly 1.8% on MCX versus gold's 0.52% drop. This gap reflects silver's higher sensitivity to two things. First, rising oil inflation worries reduce industrial output expectations — and silver's 60% industrial demand base is directly affected. Second, silver had surged 1.65% yesterday on Iran peace hopes, so it had more to give back today when those hopes collapsed.
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.
Gold and Silver Price Trend — Last 7 Days
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) | Move |
|---|---|---|---|---|---|
| 26 May 2026 | 2,72,470 | 1,59,030 | 2,71,754 | 1,58,260 | 🔴 ▼ Both fall |
| 25 May 2026 | 2,77,130 | 1,59,800 | 2,76,716 | 1,59,081 | 🟢 ▲ Both rise |
| 22 May 2026 | 2,74,830 | 1,60,030 | 2,74,200 | 1,59,300 | 🔴 ▼ Both soft |
| 21 May 2026 | 2,75,550 | 1,60,420 | 2,73,900 | 1,59,419 | 🟢 ▲ Flat |
| 20 May 2026 | 2,72,850 | 1,59,400 | 2,72,269 | 1,58,702 | 🔴 ▼ Gold soft |
| 19 May 2026 | 2,74,560 | 1,60,420 | 2,73,992 | 1,59,730 | 🔴 ▼ Silver falls |
| 1 Month Ago | 2,46,110 | 1,53,070 | — | — | — |
Gold is down 0.51% from one week ago. Silver is up just 0.55% from one week ago despite a wild swing in between. Both metals are stuck in a consolidation range, unable to break decisively higher or lower. Month-on-month, gold is up 3.89% and silver is up 10.71% — both still in positive territory.
What to Watch Next (27-28 May 2026)
This week's biggest data event is still ahead. US first-quarter GDP and initial jobless claims are due on 28 May. These two numbers will be the most important price catalysts of the week.
| Date | Event | Expected Impact |
|---|---|---|
| 27 May | US-Iran military/diplomatic developments | Directional — could go either way |
| 28 May | US Q1 2026 GDP data | 🔴 Bearish if strong; 🟢 Bullish if weak |
| 28 May | US Initial Jobless Claims | 🟢 Bullish if high; 🔴 Bearish if low |
| 29 May | US PCE inflation (April) | 🔴 Bearish if hot; 🟢 Bullish if cool |
Near-term MCX gold support is at ₹1,57,000. A break below that level would be a bearish signal. For MCX silver, ₹2,69,913 was today's intraday low. A decisive close below ₹2,70,000 could trigger further selling toward ₹2,60,000.
This is for informational purposes only. Please consult a qualified financial adviser before making investment decisions.
FAQs on Gold and Silver Prices in India (26 May 2026)
What is the gold price today in India per gram?
The gold price today in India is ₹15,903 per gram for 24-carat gold, ₹14,578 per gram for 22-carat gold, and ₹11,927 per gram for 18-carat gold as of 26 May 2026 (Bullions.co.in, 16:25 IST). Gold is down 0.48% from yesterday's close of ₹1,59,800/10g.
What is the silver price today in India per kg?
The silver price today in India is ₹2,72,470 per kg for 999 fine silver and ₹272 per gram as of 26 May 2026 (Bullions.co.in, 16:25 IST). Silver is down ₹4,660 or 1.68% from yesterday's close of ₹2,77,130/kg. Retail jeweller rates remain near ₹2,85,000/kg inclusive of GST and dealer margins.
What is the MCX gold price today?
MCX gold (June 2026) closed at ₹1,58,260/10g, down ₹821 or 0.52% from the previous close of ₹1,59,081. The session range was ₹1,57,735 to ₹1,58,789.
What is the MCX silver price today?
MCX silver (July 2026) settled at ₹2,71,754/kg, down ₹4,962 or 1.79% from the previous close of ₹2,76,716. The intraday range was ₹2,69,913 to ₹2,74,727. Silver briefly dipped below the key ₹2,70,000 support level intraday before recovering.
