Gold, Silver Rate Highlights: MCX Gold, MCX Silver prices rise; international spot gold prices drop

US GDP, PCE inflation data, Fed outlook, Iran conflict to influence gold, silver rate outlook

Investors are now awaiting key US macroeconomic data including ADP employment numbers, GDP data, and the Personal Consumption Expenditures (PCE) inflation gauge for fresh cues on the Federal Reserve’s interest rate outlook and its impact on bullion demand.

Will rising bond yields and dollar strength continue to pressure silver prices?

"While safe-haven demand typically supports precious metals, the concurrent inflation risk is simultaneously strengthening the US dollar and lifting bond yields, limiting any meaningful upside from a flight-to-safety bid," Chainani said.

Can gold regain momentum as investors track US-Iran peace negotiations?

"The precious metal has struggled to regain strong upside momentum as investors increasingly focus on the inflationary impact of elevated energy prices," Manav Modi, Commodities Analyst, Motilal Oswal Financial Services Ltd, said. Will geopolitical uncertainty revive safe-haven buying in gold?

Silver prices remained under pressure amid US-Iran tensions

"Silver prices remained under pressure after recent US military strikes on southern Iran weakened hopes of a near-term diplomatic breakthrough between Washington and Tehran," Renisha Chainani, Head of Research at Augmont, said. Rising oil prices and a stronger US dollar also weighed on sentiment.

Gold extended losses as uncertainty surrounding US-Iran negotiations continued to pressure precious metals

"Gold extended losses on Wednesday as uncertainty surrounding US-Iran negotiations continued to pressure precious metals," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. Fading hopes of a near-term agreement revived concerns over higher energy prices and inflation risks.

Gold loans may remain in focus amid strong momentum in retail credit growth: Experian

Gold loans may continue to remain in focus for lenders in the near term, backed by strong momentum already visible in sourcing volumes and rising ticket sizes, as secured lending gains prominence in India's retail credit market, according to a report by Experian.

The report showed that gold loan sourcing value more than doubled year-on-year to Rs 7.6 lakh crore in the fourth quarter of FY26, registering a 115 per cent rise, while assets under management (AUM) grew 47 per cent to Rs 11.9 lakh crore as of March 2026. Average ticket size also rose sharply to Rs 2.1 lakh from Rs 1.4 lakh in the year-ago period, indicating stronger traction in the segment.

Silver futures tumble up to 1.65%; July contract sheds Rs 4,468 amid heavy selling

Silver futures on MCX witnessed sharp selling pressure on May 27, 2026, tracking weak global cues and profit booking by traders. The most active July 2026 silver contract fell 1.65% or Rs 4,468 to settle at Rs 2,66,160 per kg after hitting an intraday low of Rs 2,63,272 against an opening price of Rs 2,72,603. The contract recorded strong market participation with trading volumes of 8,843 lots and open interest of 9,996 lots, indicating active trader positions despite the decline.

The September 2026 silver futures contract also remained under pressure, declining 1.44% or Rs 3,991 to Rs 2,73,296 per kg, while the December 2026 contract slipped 1.57% or Rs 4,491 to Rs 2,81,228 per kg.

Gold futures fall up to 1.54%; June contract drops Rs 2,434

Gold futures on MCX declined sharply on May 27, 2026, with the June contract falling 1.54% or Rs 2,434 to Rs 1,55,182 per 10 grams. The contract touched an intraday low of Rs 1,54,953. The August gold futures contract slipped 1.15% to Rs 1,59,010, while the October contract fell 1.27% to Rs 1,62,633 per 10 grams.

Bengaluru closing bullion rates on Wednesday

1 gm gold (22 kt): Rs 14,950

1 gm gold (24 kt): Rs 16,300

Gold drops Rs 1,100 to Rs 1.61 lakh/10g in Delhi

Gold prices declined Rs 1,100 to Rs 1.61 lakh per 10 grams in the national capital on Wednesday, tracking weak global trends as investors assessed the impact of persistent US-Iran tensions and rising safe-haven demand for dollar.

According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity depreciated Rs 1,100 to Rs 1,61,300 per 10 grams (inclusive of all taxes) from Tuesday's closing level of Rs 1,62,400 per 10 grams.

Silver also weakened, falling Rs 3,300 to Rs 2,69,700 per kilogram (inclusive of all taxes). The white metal had settled higher at Rs 2,73,000 per kg in the previous session.

Gold futures decline on cautious sentiment over US-Iran talks

Gold prices declined by Rs 561 to Rs 1.57 lakh per 10 grams in futures trade on Wednesday as traders turned cautious amid ongoing US-Iran peace negotiations and concerns over inflationary pressures from elevated energy prices.
On the Multi Commodity Exchange, the yellow metal for June delivery declined by Rs 561, or 0.36 per cent, to Rs 1,57,055 per 10 grams in a business turnover of 4,436 lots.

Similarly, the August contract dipped by Rs 521, or 0.32 per cent, to Rs 1,60,340 per 10 grams in 5,338 lots.

Traders said subdued global cues and cautious investor sentiment weighed on gold prices in the domestic futures market.

Gold Rate Today: Gold prices drop despite lower oil prices

Today, spot gold is down for the second straight day as the US-Iran tensions continue to dominate trading sentiments. Iran, following the US strike in South Iran yesterday, has accused the US of violating ceasefire between the two countries. Today, Israel carried out a deadly attack in Lebanon killing 31 people.

Although IRGC has said that probability of a renewed war with the US remains low, suspicion runs deep in the Islamic Republic.

The US Consumer Confidence Survey, which reflects prevailing business conditions and expected developments for the months ahead, showed that

Confidence Dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April.

Gold is currently trading with a loss of 0.50% at $4488 even as oil prices are lower.

Today's US data include weekly ADP employment change. Tomorrow, PCE Price Index, the Fed's preferred gauge of inflation will be released.

Lower gold despite lower oil spells bearishness in the counter. A breach of the support at $4450 will open way to test the support around $4365. Resistance is at $4530/$4610, says Praveen Singh, Head of Commodities at Mirae Asset ShareKhan.

Gold Rate Today: Mumbai bullion opening rates

Silver spot (in Rs per kilo) : 261710.00

Standard gold (99.5) : 156411.00

Pure gold (99.9) : 157040.00

Gold Rate Today: MCX Gold, MCX Silver prices rise

Gold and silver prices opened slightly higher on the Multi Commodity Exchange (MCX) on Wednesday, supported by weakness in the US dollar as investors monitored progress in peace negotiations between the United States and Iran while also assessing the outlook for US Federal Reserve policy.

In the domestic market, MCX silver futures for July 2026 delivery climbed Rs 2,000, or 0.7%, to Rs 2,72,628 per kg. Gold futures for June 2026 delivery also edged up by Rs 215 to Rs 1,57,898 per 10 grams. In the previous trading session, both gold and silver had ended marginally lower.

Traders are now closely watching upcoming remarks from US Federal Reserve officials, including Philip Jefferson, Vice Chair of the US Federal Reserve, and Lisa Cook, Governor at the US Federal Reserve, for additional signals on how inflation trends may influence the central bank’s future monetary policy direction.

Gold Rate Today: Gold trades steady

Gold traded steady as markets closely monitored ongoing US-Iran peace negotiations and the broader inflation outlook. Sentiment remained cautious after the US military carried out fresh “defensive” strikes in southern Iran earlier this week, targeting vessels and missile launch sites near the Strait of Hormuz. Iran retaliated with missile fire toward US aircraft, while US signaled that reopening the strait was inevitable “one way or another.”

Despite weekend optimism that both sides were progressing toward a framework peace deal, tensions remain elevated, with Israeli operations in Lebanon also intensifying. Gold has struggled to regain strong upside momentum as investors increasingly focus on the inflationary impact of elevated energy prices. Recent inflation readings across major economies have reinforced expectations that central banks may need to maintain a hawkish stance or even consider further rate hikes in the coming months.

Markets are currently pricing in nearly a 40% probability of a Federal Reserve rate hike by December. Higher bond yields and renewed strength in the US dollar have continued to pressure non-yielding assets like gold, although easing Treasury yields this week provided some support. Focus now shifts to upcoming US GDP data, while US consumer confidence data released earlier remained broadly in line with expectations. China’s industrial profit data also came in slightly stronger, indicating some resilience in manufacturing activity, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.

Gold Rate Today: What investors are focusing on

Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, said investors are now awaiting the upcoming US Core Personal Consumption Expenditures (PCE) inflation data and GDP numbers, which could significantly influence Federal Reserve expectations and determine the near-term direction of bullion prices.

Gold Rate Today: Gold round-up for Tuesday

Gold prices in the national capital tumbled by Rs 2,800 to Rs 1.62 lakh per 10 grams on Tuesday as escalating military tensions between Washington and Tehran pushed investors towards the safety of the US dollar.

According to the All India Sarafa Association, gold of 99.9% purity declined by Rs 2,800 to Rs 1,62,400 per 10 grams, inclusive of all taxes. The yellow metal had settled at Rs 1,65,200 per 10 grams on Monday.

Silver Rate Today: Spot silver gains

Spot silver gained 0.6% to $77.40 per ounce, platinum remained largely unchanged at $1,957.75, while palladium rose 0.9% to $1,391.68.

Gold Rate Today: What the market is focusing on

US consumer confidence weakened in May as concerns grew over inflationary pressures linked to the Iran conflict. Households also remained largely pessimistic about labor market conditions, although many expected improvement later in the year.

Investors are now awaiting comments from Federal Reserve officials, including Philip Jefferson and Lisa Cook, for further clues on how inflation may shape future monetary policy decisions.

Market participants are also focused on the upcoming US Personal Consumption Expenditures (PCE) data for April, scheduled for release on Thursday, which could provide additional insight into the Federal Reserve’s policy trajectory.

UBS reduced its year-end gold price target by $400 to $5,500, citing continued risks from elevated bond yields and a stronger dollar.

Gold Rate Today: Dollar softens

The softer dollar made gold cheaper for buyers holding other currencies, lending support to bullion prices.

Iran said on Tuesday that the United States had breached the ceasefire by carrying out strikes near the disputed Strait of Hormuz, potentially complicating attempts to end the conflict.

Meanwhile, Marco Rubio said it may take “a few days” to finalise an agreement to stop the war, despite earlier indications from both sides that progress had been made toward an initial framework aimed at ending hostilities and reopening shipping routes through the Strait.

Gold Rate Today: International gold prices move up

Gold prices moved slightly higher on Wednesday, aided by a weaker US dollar, as investors monitored developments in peace talks between the United States and Iran while also evaluating the outlook for US Federal Reserve policy.

Spot gold rose 0.2% to $4,516.76 per ounce as of 0051 GMT. US gold futures for June delivery also advanced 0.3% to $4,516.30.