Gold Price India, May 27: Yellow Metal Shines, Prices Rise After Huge Drop; Sharp Jump In Silver

Gold prices in India today witnessed rally on May 27 after remaining stable on May 26, May 25, and witnessing sharp decline on May 24 and May 23 tracking global rates as investors trimmed expectations of an interest rate cut by the Federal Reserve. 22k gold price today is quoting at Rs 66,650/10 grams after the rally by Rs 250 and 100 grams of 22 carat yellow metal prices today surged by Rs 2500 to Rs 6,66,500 in India.

24k gold price today in India surged by Rs 270 to Rs 72,710/10 grams and 100 grams of 24 carat yellow metal got dearer by Rs 2,700 to Rs 7,27,100 in the country. Meanwhile, 18k precious metal prices today surged by Rs 200 to Rs 54,530/10 grams and 100 grams of 18 carat gold prices rallied by Rs 2000 to Rs 5,45,300 in the country.

Silver Prices Today: Silver prices India today witnessed sharp rally. 1 kg silver prices jumped by Rs 1500 to Rs 93,000 and 100 grams of silver prices today are retailing at Rs 9,300 after rising by Rs 150.

As per Fed's meeting minutes, it has been hinted that it would take longer than anticipated to gain greater confidence in inflation moving to 2%.

Rahul Kalantri, VP Commodities, Mehta Equities said, "At the start of last week, gold and silver were on a roll, hitting all-time highs of $2,450 and $32.71, respectively. However, the celebration was short-lived. Concerns over a prolonged higher monetary policy have halted the upward rally of both metals. Gold prices experienced their largest weekly drop in eight months, with June gold futures falling nearly 5% from their peak, marking the worst selloff in this period. Similarly, silver prices decreased by nearly 3% from their peak. The dollar index and the U.S. 10-year bond yields recovered following adverse comments from Fed officials regarding interest rate cuts, which pushed gold and silver prices lower."

22k/10 Grams Gold Price Movement In Last 10-Days In India

Gold price today surged by Rs 250, remained unchanged on May 25, fell by Rs 900 on May 24, declined by Rs 1000 on May 23, stayed steady on May 22, fell by Rs 600 on May 21, jumped by Rs 500 on May 20, surged by Rs 800 on May 18, declined by Rs 250 on May 17, witnessed sharp jump by Rs 700 by Rs May 16, and soared by Rs 400 on May 15.

1kg Silver price India movement in last 10-days

Silver prices today surged by Rs 1500, slipped by Rs 500 on May 25, dived by Rs 500 on May 24, fell sharply by Rs 3300 on May 23, rallied by Rs 1200 on May 22, fell by Rs 1900 on May 21, jumped by Rs 3500 on May 20, stayed unchanged on May 19, surged by Rs 3900 on May 18, remained unchanged on May 17, registered strong jump by Rs 1500 on May 16, and rallied by Rs 400 on May 15.

1 Gram Gold prices In 5 Key Metropolitan Cities Of India On May 27, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat of gold price Chennai today is Rs 6,720

Yellow Metal Price Mumbai: Price of 1 gram of 22 carat gold in Mumbai on May 27 is Rs 6,665

Precious Metal Price Delhi: Price of 1 gram of 22 carat yellow metal in Delhi on May 27 is Rs 6,680

Gold Price Kolkata: Price of 1 gram of 22 carat of yellow metal in Kolkata on May 27, 2024 is Rs 6,665

Gold Price Kerala: Cost of 1 gram of 22K gold in Kerala on May 27 is Rs 6,665

Yellow Metal Price Bangalore: Price of 1 gram of 22 carat gold in Bangalore on May 27 is Rs 6,665