Gold prices continued their upward movement for the second consecutive day on May 26, while silver prices slipped after remaining stable for four straight sessions. Bullion markets across India witnessed mixed trends as global geopolitical developments, crude oil fluctuations, and industrial demand concerns influenced precious metal prices.
According to the latest bullion market data, gold prices strengthened slightly in major Indian cities including Delhi, Mumbai, Kolkata, and Chennai, while silver became cheaper in several markets after holding steady for nearly four days.
Market experts say hopes of easing geopolitical tensions between the United States and Iran have improved investor sentiment globally, supporting gold prices.
At the same time:
continue influencing bullion markets significantly.
Despite temporary softness in some international gold markets earlier, domestic prices in India have shown resilience due to global uncertainty and steady investment demand.
After witnessing declines earlier, gold prices have now recovered for the second straight session.
According to market trends:
In Delhi, both 24-carat and 22-carat gold reportedly became costlier by around ₹10 per 10 grams during the day.
Here are the latest prices of 10 grams of gold across key Indian cities on May 26, 2026:
| City | 24-Carat Gold | 22-Carat Gold | 18-Carat Gold |
|---|---|---|---|
| Delhi | ₹1,59,540 | ₹1,46,260 | ₹1,19,650 |
| Mumbai | ₹1,59,390 | ₹1,46,110 | ₹1,19,550 |
| Kolkata | ₹1,59,390 | ₹1,46,110 | ₹1,19,550 |
| Chennai | ₹1,61,250 | ₹1,47,810 | ₹1,24,010 |
| Bengaluru | ₹1,59,390 | ₹1,46,110 | ₹1,19,550 |
| Hyderabad | ₹1,59,390 | ₹1,46,110 | ₹1,19,550 |
| Lucknow | ₹1,59,540 | ₹1,46,260 | ₹1,19,650 |
| Patna | ₹1,59,440 | ₹1,46,160 | ₹1,19,560 |
| Jaipur | ₹1,59,540 | ₹1,46,260 | ₹1,19,650 |
| Ahmedabad | ₹1,59,440 | ₹1,46,160 | ₹1,19,560 |
Unlike gold, silver prices weakened slightly after remaining unchanged for several sessions.
In Delhi, silver prices fell by around ₹100 per kilogram and were trading near:
Similar silver prices were observed in:
However, silver continued trading at significantly higher levels in Chennai.
| City | Silver Price Per Kg |
|---|---|
| Delhi | ₹2,84,900 |
| Mumbai | ₹2,84,900 |
| Kolkata | ₹2,84,900 |
| Chennai | ₹2,94,900 |
Commodity analysts say silver is currently facing pressure mainly because of uncertainty around industrial demand.
Unlike gold, silver has dual roles:
Slower industrial activity expectations in some sectors have therefore affected silver sentiment more strongly than gold.
Before the current decline, silver prices had witnessed a major rally on May 21, when rates reportedly surged by nearly ₹5,000 per kilogram in a single move.
The recent softness is therefore being viewed by traders as temporary profit-booking and market correction after sharp gains.
Analysts believe bullion prices may remain volatile in coming sessions due to:
Precious metals often react sharply whenever geopolitical tensions rise or global economic uncertainty increases.
Among major Indian cities, Chennai continues to report some of the highest gold and silver prices.
Experts say this pricing difference is influenced by:
South Indian bullion markets often show slightly different price trends compared to northern regions.
Financial experts continue advising retail investors and jewellery buyers to avoid making emotional investment decisions based on short-term price movements.
Before investing in gold or silver, buyers are encouraged to consider:
Experts also recommend consulting certified financial advisors before making large bullion investments during periods of high market volatility.
