Gold Price Today: Gold falls in India, Delhi 22K at ₹145240. Check latest 24K & 22K rates across major cities and silver price updates.
Gold Price Today: Gold prices in India witnessed another decline on 28 May, with most major cities recording lower rates in both 22 carat and 24 carat segments. The fall comes amid ongoing global geopolitical tensions and fluctuations in the US dollar demand.
According to market experts, investors are currently cautious due to rising geopolitical risks, especially the ongoing tensions between the United States and Iran. This has increased demand for safe-haven assets like the US dollar, putting pressure on gold prices globally.
International Market Update
In the global market, spot gold is trading at $4,461.02 per ounce, while spot silver stands at $74.96 per ounce. The movement reflects uncertainty in global economic conditions and expectations of prolonged tight monetary policy by the US Federal Reserve.
Gold Price Today in Major Indian Cities
Gold prices declined across major Indian cities, including Delhi, Mumbai, Kolkata, and Chennai.
22K and 24K Gold Rates:
Delhi: 22K ₹145240 | 24K ₹158430
Mumbai: 22K ₹145090 | 24K ₹158280
Kolkata: 22K ₹145090 | 24K ₹158280
Chennai: 22K ₹146490 | 24K ₹159810
Hyderabad: 22K ₹145090 | 24K ₹158280
Ahmedabad: 22K ₹145140 | 24K ₹158330
Jaipur: 22K ₹145240 | 24K ₹158430
Bhopal: 22K ₹145140 | 24K ₹158330
Lucknow: 22K ₹145240 | 24K ₹158430
Chandigarh: 22K ₹145240 | 24K ₹158430
also read:- Gold Prices Plunge By ₹2,800, Silver Hits Record High…
Silver Prices Also Decline
Along with gold, silver prices also witnessed a sharp drop. On 28 May, silver was priced at ₹284,900 per kilogram in India.
A day earlier, silver had fallen by ₹3,300 in the Delhi bullion market, settling at ₹2,69,700 per kg.
In the international market, silver is trading at $74.96 per ounce.
Why Are Gold Prices Falling?
Market analysts attribute the decline to several key factors:
Ongoing US–Iran geopolitical tensions
Strong demand for the US dollar as a safe haven
Expectations of prolonged tight monetary policy by the Federal Reserve
Concerns over sustained global inflation
These factors are collectively putting downward pressure on precious metals.
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