Mumbai, May 27: Gold and silver prices have declined for the second consecutive day on Wednesday. The price of gold has dropped by ₹1.56 per 10 grams, while silver is now approximately ₹2.61 lakh per kilogram.
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold has decreased by ₹1,539, bringing it down to ₹1,56,072 per 10 grams from the previous ₹1,57,611. The price for 22-carat gold has also fallen, now standing at ₹1,42,962 per 10 grams, down from ₹1,44,372.
The price of 18-carat gold has decreased to ₹1,17,054 per 10 grams, down from ₹1,18,208.
In addition to gold, silver prices have also weakened. Silver is now priced at ₹2,60,917 per kilogram, down by ₹5,296 from the previous ₹2,66,213.
The IBJA releases gold and silver prices twice daily. Both spot and futures markets have seen a drop in prices. On the Multi Commodity Exchange (MCX), the June 5, 2026 contract for gold is down by 1.32%, priced at ₹1,55,530, while the July 3, 2026 contract for silver has decreased by 2.26%, now at ₹2,64,509.
Internationally, gold and silver prices have also seen a decline. As of the time of writing, gold on COMEX is down by 1.59%, priced at $4,462 per ounce, while silver has dropped by 2.83%, now at $74.44 per ounce.
Experts suggest that investors are awaiting upcoming inflation and GDP data from the U.S., which will likely influence the future direction of gold prices. Both data points are expected to be released on May 28 at 8:30 AM U.S. time.
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