Gold and Silver Price Today in India (28 May 2026): 24K at ₹15,643/g, MCX Shut for Bakri Id
Gold price today in India stands at ₹15,643 per gram for 24 carat gold (₹1,56,430 per 10g) as per the national bullion association rate updated at 14:25 IST on Thursday, 28 May 2026, down approximately ₹810 or 0.52% from Wednesday's association close of ₹1,57,240. Silver rate today is ₹267 per gram (₹2,66,690 per kg), a decline of roughly ₹1,320 or 0.50% from the prior session.
Notably, the Multi-Commodity Exchange (MCX) is closed for the morning session today on account of Bakri Id (Eid Al-Adha). MCX will reopen for its evening session at 5:00 PM IST and trade until 11:00–11:30 PM. Domestic bullion association prices reflect the latest available international inputs, with COMEX gold trading at $4,390.20/oz (–1.31%) and COMEX silver at $73.53/oz (–1.83%) as of the same timestamp.
Key Highlights
| Metric | Latest Update |
|---|---|
| Gold 24K (India) | ₹15,643/g |
| Gold 22K (India) | ₹14,339/g |
| Silver 999 Fine (India) | ₹267/g |
| MCX Status | Morning session CLOSED (Bakri Id holiday); evening session opens 5:00 PM IST |
| MCX Previous Close — Gold (27 May) | ₹1,57,616/10g |
| MCX Previous Close — Silver (27 May) | ₹2,70,628/kg |
| COMEX Gold | $4,390.20/oz (–1.31% vs previous close of $4,453.60) |
| COMEX Silver | $73.53/oz (–1.83% vs previous close of $74.93) |
| Main Driver | US-Iran tensions keeping crude oil elevated → persistent inflation fears → rate-cut hopes suppressed |
| Month-on-Month Performance | 24K gold up +2.81% from late April; silver up +9.55% |
| Year-on-Year Performance | 24K gold up +63.31% from May 2025; silver up +173.42% |
Gold Price Today in India (28 May 2026)
All-karat gold rate today (India national bullion association rate, 28 May 2026, 14:25 IST):
| Karat | Purity | Per Gram (₹) | Per 10 Gram (₹) | Per 100 Gram (₹) |
|---|---|---|---|---|
| 24K (999) | 99.99% | 15,643 | 1,56,430 | 15,64,300 |
| 22K (916) | 91.67% | 14,339 | 1,43,394 | 14,33,942 |
| 20K (833) | 83.33% | 13,036 | 1,30,358 | 13,03,583 |
| 18K (750) | 75.00% | 11,732 | 1,17,323 | 11,73,225 |
| 16K (667) | 66.67% | 10,429 | 1,04,287 | 10,42,867 |
| 14K (583) | 58.33% | 9,125 | 91,251 | 9,12,508 |
| 12K (500) | 50.00% | 7,822 | 78,215 | 7,82,150 |
| 10K (417) | 41.67% | 6,518 | 65,179 | 6,51,792 |
Daily change: Down ~0.52% vs Wednesday's India association rate of ₹1,57,240/10g. With MCX closed for the morning session, real-time domestic futures pricing is unavailable until the 5 PM evening session.
Month-on-month: 24K gold is up +2.81% from ₹1,52,150/10g on 27 April 2026.
Year-on-year: 24K gold has risen +63.31% from ₹95,790/10g on 28 May 2025 — a gain of approximately ₹60,640 per 10 grams in twelve months.
Note: Bullion association rates incorporate local state taxes and logistics costs and are published once or more per day by respective state/city associations. They differ from MCX futures prices.
Silver Price Today in India
Silver rate today across all grades (India, 28 May 2026, 14:25 IST):
| Grade | Purity | Per Gram (₹) | Per Kg (₹) | Per 10g (₹) |
|---|---|---|---|---|
| Silver 999 Fine | 99.99% | 267 | 2,66,690 | 2,667 |
| Silver 925 Sterling | 92.50% | 247 | 2,46,688 | 2,467 |
| Silver 900 Coin | 90.00% | 240 | 2,40,021 | 2,400 |
| Silver 800 German | 80.00% | 213 | 2,13,352 | 2,134 |
Daily change: Down ~0.50% from the Wednesday association close of ₹2,68,010/kg. COMEX silver has declined –1.83% to $73.53/oz, suggesting further downward pressure when MCX reopens this evening.
Month-on-month: Silver 999 is up +9.55% from ₹2,43,440/kg in late April 2026.
Year-on-year: Silver 999 has surged +173.42% from ₹97,540/kg on 28 May 2025.
City-Wise Gold and Silver Rates Today
Gold 24K and Silver 999 rates across major Indian cities (28 May 2026). Most city association pages reflect the last published session. Estimates for cities without updated association data are derived from the national India bullion association rate and are clearly marked.
| City | Gold 24K (₹/10g) | Gold 22K (₹/10g) | Silver 999 (₹/kg) | Source / Note |
|---|---|---|---|---|
| Delhi† | ~1,56,400 | ~1,43,367 | ~2,66,600 | Est. from India national rate |
| Kolkata† | ~1,56,460 | ~1,43,422 | ~2,66,700 | Est. from India national rate |
| Mumbai* | 1,53,520 | 1,40,727 | 2,47,720 | Last published: 19 Mar 2026 |
| Chennai* | 1,53,060 | 1,40,305 | 2,44,500 | Last published: 12 Apr 2026 |
| Hyderabad† | ~1,56,400 | ~1,43,367 | ~2,66,600 | Est. from national rate |
| Bengaluru† | ~1,56,400 | ~1,43,367 | ~2,66,600 | Est. from national rate |
| Pune† | ~1,56,400 | ~1,43,367 | ~2,66,600 | Est. from national rate |
| Ahmedabad† | ~1,56,300 | ~1,43,275 | ~2,66,400 | Est. from national rate |
| Jaipur† | ~1,56,400 | ~1,43,367 | ~2,66,600 | Est. from national rate |
Mumbai and Chennai local association pages have not published an updated 28 May rate as of time of compilation. †Estimates are derived from the India national bullion association rate; verify with your local association before transacting.
City-wise differences reflect state-specific taxes, local octroi, and logistics costs. Rates in southern (Chennai, Hyderabad) and western (Mumbai, Pune) markets typically differ from Delhi and Kolkata by ₹100–₹500/10g.
Muskaan Kapoor
MCX Gold and Silver Prices Today
MCX is closed for the morning session on 28 May 2026 on account of Bakri Id (Eid Al-Adha). The morning session runs from 9:00 AM to 5:00 PM and is completely shut. The evening session will open at 5:00 PM IST and run until 11:00–11:30 PM, allowing traders to respond to international price movements during the COMEX and London hours.
| Contract | Last MCX Close (27 May) | Status Today | Evening Session Opens |
|---|---|---|---|
| MCX Gold June 2026 | ₹1,57,616/10g | Morning CLOSED | 5:00 PM IST |
| MCX Silver July 2026 | ₹2,70,628/kg | Morning CLOSED | 5:00 PM IST |
What to expect in tonight's MCX evening session: With COMEX gold down –1.31% to $4,390.20/oz and COMEX silver down –1.83% to $73.53/oz versus yesterday's close, MCX gold and silver are likely to open lower in the evening session — potentially by ₹1,800–₹2,100 on gold and ₹4,500–₹5,000 on silver — unless sentiment shifts materially before 5 PM. Traders with open positions should monitor COMEX and crude oil direction ahead of the reopening.
NCDEX remains fully closed for the entire trading day on 28 May 2026.
Global Gold and Silver Prices Today
| Instrument | Price | Change | Change % | Intraday High | Intraday Low | Prev. Close |
|---|---|---|---|---|---|---|
| COMEX Gold ($/oz) | 4,390.20 | –58.20 | –1.31% | 4,466.00 | 4,363.50 | 4,453.60 |
| COMEX Silver ($/oz) | 73.53 | –1.37 | –1.83% | 75.23 | 72.00 | 74.93 |
As of 14:25 IST, 28 May 2026.
COMEX gold fell from a high of $4,466 to a low of $4,363.50 — a sharp intraday range of over $100/oz — before stabilising near $4,390. The $4,363–$4,380 zone is a key near-term support; a close below it would be a meaningful bearish signal for the short-term chart.
COMEX silver touched $72.00/oz intraday before recovering to $73.53. The $72 level is a psychologically important round number and its breach triggered stop-loss selling that amplified the session's decline.
The US dollar index held steady to marginally firmer, and US Treasury yields edged higher — both inversely correlated with precious metal prices. Crude oil remained near $100/barrel, sustaining inflation concerns that are the central macro headwind for gold and silver.
Why Gold and Silver Prices Fell Today
Today's price decline — visible in both COMEX data and domestic bullion association rates — is driven by the following factors:
1. US-Iran Tensions and Elevated Crude Oil Ongoing US military operations near Iranian territory have kept Brent crude oil near $100/barrel. Sustained energy price pressure feeds into inflation expectations, reducing the likelihood of near-term rate cuts by the US Federal Reserve. Since gold and silver yield no income, they become less attractive when interest rates remain high.
2. Federal Reserve Rate-Cut Expectations Pushed Back Markets are awaiting the US PCE inflation report (the Fed's preferred inflation gauge), due imminently. In the absence of any pre-emptive dovish signal from Fed officials, futures markets continue to price rate cuts further out. Richmond Fed President Thomas Barkin's recent comments affirmed that current monetary policy is well-calibrated to handle inflation risks — reducing the case for near-term easing.
3. Strong Dollar and Rising Treasury Yields The US dollar index remained firm, making dollar-denominated gold more expensive for international buyers and dampening global demand. Marginal moves higher in US Treasury yields further raised the opportunity cost of holding non-yielding bullion.
4. Silver's Stop-Loss Cascade at $72/oz COMEX silver's dip below the $72/oz level triggered stop-loss orders, amplifying the decline. Silver is more sensitive than gold to shifts in rate expectations because it straddles both monetary and industrial demand. The rate headwind has been the dominant driver over the recent sessions.
5. India's Silver Import Restrictions India's recently imposed restrictions on silver imports across select categories continue to weigh on domestic market sentiment. India had recorded a record $12 billion in silver imports in FY2025-26, and any curb on that demand pipeline is a negative signal for global silver prices at the margin.
Gold and Silver Price Trend
7-day and cross-period movement (India bullion association rates):
| Metal | 21 May (7d ago) | 27 May | 28 May | 7-Day Change | 1-Month Change | 1-Year Change |
|---|---|---|---|---|---|---|
| Gold 24K (₹/10g) | 1,60,420 | 1,57,240 | 1,56,430 | –2.49% | +2.81% | +63.31% |
| Silver 999 (₹/kg) | 2,75,550 | 2,68,010 | 2,66,690 | –3.22% | +9.55% | +173.42% |
Both metals are in a short-term corrective phase. The 7-day pullbacks of –2.49% for gold and –3.22% for silver are moderate relative to their extraordinary year-on-year gains of +63% and +173% respectively. The long-term uptrend remains firmly intact.
Reference levels for MCX evening session (28 May 2026):
| Metal | Key Support 1 | Key Support 2 | Key Resistance 1 | Key Resistance 2 |
|---|---|---|---|---|
| MCX Gold | ~₹1,55,500 | ~₹1,53,500 | ₹1,57,616 (prev. close) | ₹1,59,350 |
| MCX Silver | ~₹2,65,000 | ~₹2,60,000 | ₹2,70,628 (prev. close) | ₹2,74,265 |
Support/resistance levels are estimates based on COMEX movement and prior MCX session data. Actual opening prices in the evening session will depend on international markets between now and 5 PM IST.
What Could Move Gold and Silver Prices Next?
| Event / Indicator | Timing | Expected Impact |
|---|---|---|
| MCX Evening Session Opening | Today, 5:00 PM IST | First domestic pricing signal of the day; likely to open lower tracking COMEX |
| US PCE Inflation Report | Imminent (end of May) | Below-forecast = relief rally for metals; above-forecast = further decline |
| Fed officials' speeches | Ongoing | Dovish tone = bullish for gold/silver; neutral/hawkish = negative |
| US-Iran diplomacy / military updates | Day-to-day | Escalation lifts crude, suppresses metals; peace progress is bullish for both |
| Crude oil at $100/barrel | Daily | Sustained elevation suppresses rate-cut hopes; sharp drop would be bullish |
| US Dollar Index | Daily | Dollar weakness supports gold; continued firmness is a headwind |
| US Treasury yields | Daily | Rising yields reduce appeal of non-yielding precious metals |
| China silver imports (monthly data) | Monthly | Continued record levels would support silver fundamentals |
The US PCE inflation data is the most important single event for precious metals in the near term. A softer reading than expected could trigger a sharp recovery in both gold and silver. Conversely, a hotter print would reinforce the view that the Fed cannot cut rates soon and likely deepen the current corrective move.
