Due to weak signals from global markets, strengthening US dollar and fear of increase in interest rates in major economies around the world, there has been a decline in the prices of gold and silver in the domestic futures market today.
On Friday, May 22, 2026, in the morning trade, both gold and silver precious metals were seen trading in the red on the Multi Commodity Exchange (MCX). Investors’ sentiments have been affected by the fear of increasing inflationary pressure due to rising crude oil prices and the fear of taking a strict stance by central banks.
Today’s prices on domestic market (MCX) (Gold-Silver Prices on MCX)
The following movements were seen in gold and silver prices in the Indian futures market in the morning trading session:
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Gold Rate: Gold futures price on MCX 0.25 percent decline with ₹1,59,202 per 10 grams Came to the level of.
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Silver Rate: At the same time, more weakness was seen in the future price of silver. Silver 0.43 percent decrease with ₹2,73,690 per kilogram But was doing business.
Recession also prevailed in the international market (Global Gold & Silver Spot Prices)
Even at the global level, pressure on the prices of precious metals is clearly visible:
| Metals | Spot Price | Decline (Percentage) |
|---|---|---|
| Spot Gold | $4,522.89 per ounce | -0.4% |
| US Gold Futures | $4,524.40 per ounce | -0.4% |
| Spot Silver | $76.18 per ounce | -0.7% |
So far, a total weekly decline of 0.3 percent has been recorded in gold in the international market during this trading week.
3 biggest reasons for falling prices (Reasons Behind the Price Drop)
1. Dollar strengthens and hits six-week high
These days the US dollar index is hovering near its six-week high. In the international market, gold is traded in dollars, so the strengthening of the dollar makes it expensive for buyers of other countries’ currencies (such as the Indian Rupee) to buy gold, due to which its demand decreases and prices fall.
2. Middle East tensions and impact of crude oil
Due to the US-Iran conflict in the last two months, there has been a huge rise in the prices of crude oil at the international level. Due to cost of crude, the fear of increase in inflation across the world has deepened.
3. Fear of interest rates increasing (Fed & RBI Policy)
Generally, gold is considered a safe investment against inflation, but there is no fixed interest or dividend on it. To control the rising inflation due to crude oil, market experts now believe that the US Federal Reserve and the Reserve Bank of India (RBI) may start increasing interest rates again this year.
Experts’ estimates: According to recent data from CME Group’s ‘FedWatch Tool’, the market’s at least 60% traders believe that the US Federal Reserve may increase interest rates by December this year. When interest rates rise, investors start withdrawing money from gold and investing it in fixed income and bonds, which increases the pressure on gold.
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