Gold Rates Today (26-05-2026) Crash By Rs 5,500 In Chennai, Hyderabad; Silver Rates Flat; 24K, 22K, 18K Gold

Gold rates in India fell sharply on May 26, 2026, tracking the bearish sentiment in MCX metals and the international bullion market. In comparison to cities, gold rates plunged the most, by up to Rs 5,500 in Chennai compared to Hyderabad, where 24 carat gold dropped by nearly Rs 5,000. However, silver, which has crashed by 2% at MCX and globally, is unchanged in these two cities. Gold is more expensive in Chennai than compared to Hyderabad despite the latest decline across the country.

What Is Impacting Precious Metals Today?

Among major reasons for why gold prices in India stumbled steeply are the renewed tensions in the Middle East, with the US military attacking several missile infrastructures and vessels after reportedly Iran attempted to deploy mines in its southern region. This heightens fear of inflationary risks at a time when the market is hoping for a negotiation between the US and Iran.

The US military attack is despite President Donald Trump's latest statement of negotiations.

President Donald Trump said talks with Tehran were progressing well, though he warned that additional attacks could follow if negotiations broke down. The US and Iran are currently discussing a framework that would extend the ceasefire for roughly two months, during which Washington would lift its blockade while Tehran would reopen the Strait of Hormuz, as per Trading Economics.

Hence, following the vulnerable situation, investors sentiment turned cautious in safe haven, while crude oil prices climbed by 1% after their 6% crash in the previous session. Also, dollar index reclaimed above 99 mark, which further added to woes.

At MCX, gold futures are down to RS 1.58 lakh, while MCX silver futures crashed below Rs 2.72 lakh. In the global market, spot gold dropped by 1% to struggle around $4,530 per ounce and spot silver nosedived by 2% to trade below $77 per ounce.

All these factors played a key role in dampening investors' appetite for physical gold rates accordingly.

Gold Rates In Chennai:

24 carat gold rate dropped by Rs 5,500 to Rs 16,06,900 per 100 grams and 10 grams gold price slipped by Rs 550 to Rs 1,60,690. In case of 22 carat, 10 grams gold dropped by Rs 500 to Rs 1,47,300 and 100 grams gold nosedived by Rs 5,000 to Rs 14,73,000.

Also, 18 carat gold rate is down by Rs 400 to Rs 1,23,600 per 10 grams and slipped by Rs 4,000 to Rs 12,36,000.

Moreover, gold price in Chennai stands at Rs 16,069 per gram for 24 karat gold (99.9% purity), Rs 14,730 per gram for 22 karat gold (91.6% purity), and Rs 12,360 per gram for 18 karat gold (75% purity).

Gram	24K	22K	18K
1g	₹16,069 (-55)	₹14,730 (-50)	₹12,360 (-40)
8g	₹1,28,552 (-440)	₹1,17,840 (-400)	₹98,880 (-320)
10g	₹1,60,690 (-550)	₹1,47,300 (-500)	₹1,23,600 (-400)
100g	₹16,06,900 (-5,500)	₹14,73,000 (-5,000)	₹12,36,000 (-4,000)

Gold Rates In Hyderabad:

In Hyderabad, 24 carat gold price declined by Rs 4,900 to Rs 15,88,900 per 100 grams and was down by Rs 490 to Rs 1,58,890 per 10 grams. Under 22 carat, gold rate decreased by Rs 4,500 to Rs 14,56,500 per 100 grams and was lower by Rs 450 to Rs 1,45,650 per 10 grams. In 18 carat, 10 grams gold dimmed by Rs 370 to Rs 1,19,170 and 100 grams gold plummeted by RS 11,91,700.

Meanwhile, gold price stands at Rs 15,889 per gram for 24 karat gold (99.9% purity), Rs 14,565 per gram for 22 karat gold (91.6% purity), and Rs 11,917 per gram for 18 karat gold.

Gram	24K	22K	18K
1g	₹15,889 (-49)	₹14,565 (-45)	₹11,917 (-37)
8g	₹1,27,112 (-392)	₹1,16,520 (-360)	₹95,336 (-296)
10g	₹1,58,890 (-490)	₹1,45,650 (-450)	₹1,19,170 (-370)
100g	₹15,88,900 (-4,900)	₹14,56,500 (-4,500)	₹11,91,700 (-3,700)

Silver Rates In Chennai + Silver Rates In Hyderabad

Silver prices are same in both the cities and are unchanged on Tuesday. On May 26th, 1Kg silver is available at Rs 2.95 lakh, while 100 grams and 10 grams silver is at Rs 29,500 and Rs 2,950. The price of 8 grams silver stood at Rs 2,360 and 1 gram silver is available at Rs 295.