Major Crash In Gold Rate Today In India On Eid-al- Adha 2026: 24K& 22k Gold Now Cheaper By Rs.22,300 Per 100g

If you are planning to buy gold jewellery, this could be the right time, as gold rate today has fallen sharply. This is the third consecutive day of decline in gold prices, with 24-carat gold becoming cheaper by nearly Rs. 3,320 per 10 grams overall.

Due to sky-high gold prices earlier, many consumers were finding it difficult to make purchases. However, with retail gold prices now declining, more buyers may return to the market, especially ahead of the festive and wedding season.

Even in the domestic commodity market, gold and silver traded lower before ending on Wednesday. No major movement can be seen today as the commodity market remains closed on account of the Bakrid holiday.

However, the decline in gold rates in India today is mainly because of the fall in international gold prices, which slipped to a two-month low. Gold fell below $4,400 an ounce on Thursday amid reports of fresh US strikes on an Iranian military site.

Today's Gold Rate in India

On Thursday, May 28th, 24-carat gold rates in India slipped by Rs. 2230 per 10 grams to cost Rs. 1,56,060. While the 22-carat gold price stands at Rs. 1,43,050 per 10 grams after a decline of Rs 2050. The cheaper variant, 18-carat gold, dropped by Rs. 1680 to retail at Rs.1,17,40 per10 grams.

The bigger weight variant of gold also saw the same decline, as 100 grams of 24-carat gold rates now retail at Rs. 15,60,600 and the 22-carat gold rates per 100 grams now cost Rs 14,30,500.

Silver prices in India today

Silver rates in India today also experienced a drop on the 28th of May; 1 kg of silver in India cost Rs.2,5,7000 after falling by Rs.10000. While 100 g of silver rates in India retail at Rs. 27,500 which dropped by Rs. 1000.

Gold Prices Target and Outlook Ahead

"US strikes on southern Iran have extinguished near-term peace hopes, lifting oil prices and reigniting inflation concerns. For gold and silver, the geopolitical flare-up is a double-edged development - safe-haven demand is offset by a stronger dollar and rising bond yields. President Trump signalled talks continue but warned of further strikes if negotiations fail. Bond markets have sharply repriced Fed expectations, now pricing a 40% probability of a December rate hike and 60% odds of no cuts in 2026, reinforced by April PPI at 6% annualised. Gold holds $4,450-$4,600; silver oscillates between $72-$78.50." said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation

Spot Gold Price and Spot Silver Rate

According to Trading Economics," Gold fell below $4,400 an ounce on Thursday, hitting a two-month low as reports of fresh US strikes on an Iranian military site clouded the outlook for peace negotiations, keeping inflationary and interest rate concerns in focus."
Spot gold was trading at $4383 per ounce down by 1.65% at the tim of writing

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