Gold Rate Today In India Falls After 3-Day Surge; 24K Gold Price Drops By Rs. 4,440 Per 100g On May 22

Bringing some relief to the retail buyers, the gold rate in India today corrected on Friday after the recent rally. The yellow metal prices had surged nearly 2.3% or around Rs. 37,100 per kilogram in recent days, due to global uncertainty and safe-haven buying.

In the domestic retail market, 22-carat gold prices eased marginally as high prices impacted jewellery demand across major outlets. Gold rate today declined in the top cities, including Chennai, Bengaluru, Hyderabad, Mumbai, and Delhi.

The correction in domestic bullion prices is due to the weakness in the international market, where traders turned cautious in response to mixed geopolitical and macroeconomic signals.

Gold Rate in India Today

24k gold prices today in India slipped by Rs 440 to Rs 1,59,490 per 10 grams and 100 grams of 24 carat precious metal prices today declined by Rs 4400 to Rs 15,94,000 on Friday

22k gold prices today fell by Rs 400 to Rs 1,46,200 per 10 grams and 100 grams of 22 carat yellow metal prices today dipped by Rs 4000 to Rs 14,62,000.

Meanwhile, 18k gold prices today slipped by Rs 330 to Rs 1,19,620 and 100 grams of 18 carat precious metal prices today fell by Rs 3300 to Rs 11,96,200 on May 22.

Silver Rate in India Today

The silver rate in India today also observed no rise or fall and remained steady at yesterday's performance. Currently, 1 kg of silver costs Rs 2,85,000 while 100 g costs Rs 28,500.

MCX Gold Futures and Silver Futures Prices

Gold & silver futures on the Multi Commodity Exchange today are trading under selling pressure. At around 10:45 am today Gold futures prices on the MCX, maturing on June 5th, were trading at Rs. 1,59,199 per 10 grams, down by 0.26%. Similarly, silver futures expiring on July 3rd were trading 0,31 % lower at Rs. 2,74,044 per Kg.

Spot Gold Prices & Spot Silver Price Today

According to goldprice.org, spot gold at the time of writing were trading at $4526.14 per ounce, down by 0.33%, while spot silver was trading 0.19 % higher priced at $76.49 per ounce.

"President Trump's warning of potential strikes within days with Iran's nuclear programme the central dispute kept the Strait of Hormuz closed, lifting oil prices and deepening inflationary pressure. Traders further trimmed Federal Reserve rate-cut bets, with some now pricing in a hike before year-end," said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation

"Technically, gold targets the $4,350 March low, while the broader uptrend above $4,300 remains intact. Silver faces extended downside toward $71 and $67 following its break below key support," he further added.

City-Wise Gold Rates Today, May 22

Gold rates in several major metropolitan cities in India, such as Chennai, Mumbai, Bangalore, and Hyderabad, have observed a decline Here's the latest city-wise update on 22-carat and 24-carat gold rates as of Friday, May 22.

24 & 22 Karat Gold Rates in Chennai

The 24-carat gold rate in Chennai stands at Rs. 1,59,490 per 10 grams, while the 22-carat gold retails at Rs.1,46,200 per 10 grams.

24 & 22 karat Gold Rates In Bangalore

The gold rate in Bangalore for 24-carat is Rs. 1,59,490 per 10 grams, and the 22-carat gold rate in Bangalore is Rs.1,46,200 per 10 grams.

24 & 22 karat Gold Rates in Hyderabad

The 24K gold price in Hyderabad is Rs. 1,59,490 per 10 grams, and the 22K gold rate there is Rs.1,46,200 per 10 grams.

24 & 22 karat Gold Rates In Mumbai

The 22-carat gold rate in Mumbai is Rs. 1,46,200 per 10 grams, while the 24-carat gold price in Mumbai remains at Rs. 1,59,490 per 10 grams.

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