Gold Rates Tumble: 22K & 18K Prices Drop on 29th May - Update
Gold prices fell significantly on May 29, 2026, with both gold and silver seeing substantial declines. The decrease in gold rates by ₹700 per 10 grams signals ongoing market volatility.
Highlights
- •Gold prices dropped by ₹700 to ₹156,999 per 10 grams on May 29, 2026.
- •Silver saw a decline of over ₹1,500, trending below ₹268,950 by mid-morning.
- •Latest gold rates published by the IBJA include 24K at ₹156,072 and 22K at ₹142,962 per 10 grams.
- •The overall trend in precious metal prices highlights a cautious market for both consumers and investors.
The MCX posted a marked decline in gold prices today, May 29, 2026. The precious metal's price saw a significant drop on the Multi Commodity Exchange (MCX), marking its lowest level since yesterday. With a decrease of ₹700 per 10 grams, the rate for gold closed at ₹160,903 in the previous session.
On today's final trading day, gold opened lower, with a reduction of ₹706 to ₹160,197. By mid-morning, prices dipped further to ₹156,999 per 10 grams. The Indian Bullion and Jewellers Association (IBJA) is set to publish updated rates around 12:00 PM.
Here Are the Latest Gold Rates Across India:
Gold Prices Today
- 24K Gold (999): ₹156,072 per 10 grams
- 23K Gold (995): ₹155,447 per 10 grams
- 22K Gold (916): ₹142,962 per 10 grams
- 18K Gold (750): ₹117,054 per 10 grams
- 14K Gold (585): ₹91,302 per 10 grams
Mumbai and Kolkata witnessed similar trends. The gold price in Mumbai stood at ₹156,050 for 24K, ₹143,040 for 22K, and ₹117,030 for 18K. In Kolkata, the rates were identical.
Meanwhile, silver saw a significant contraction, dropping by over ₹1,500 per kilogram on the MCX. The July 3 delivery had closed at ₹269,537 per kilogram but opened the day slightly lower at ₹268,368. By mid-morning, it further declined to ₹268,018.
The current trend in silver prices saw them reaching ₹268,950 by 10:10 AM. According to the IBJA, the recorded price was ₹156,072 per 10 grams as of Wednesday evening.
The overall market sentiment suggests a cautious approach for consumers and investors looking at precious metals this week.
