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If you are also thinking of buying jewelery for the upcoming wedding season or are planning to invest in gold, then there is a good news for you from the market. For some time now, there has been a continuous softening of prices of precious metals in the domestic bullion market. Even on the morning of 29th May, the prices of 22 carat and 24 carat gold have fallen in major cities of the country.
Not only gold, but also silver has lost its shine at this time. Let us remind you that in the month of January this year, silver prices had crossed the all-time high of ₹ 4 lakh per kg, which has now fallen to around ₹ 2.75 lakh. Let us know what are the reasons behind this big fall in the international market and what is today’s price in your city.
Why are gold and silver becoming cheaper?
Market experts and economic experts believe that the current decline in gold and silver prices has a direct connection with global politics. At this time, investors from all over the world are stepping forward with great enthusiasm. The main reasons for this are given below:
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Buzz of agreement between America and Iran: There are reports that a 60-day peace deal between America and Iran is nearing finalization, which is yet to be signed by US President Donald Trump. However, Iran’s government media is currently denying any such final deal.
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Increasing demand for dollars: Amidst this uncertainty in the global market, the demand for US dollars as a safe investment has increased a lot. When the dollar strengthens, it usually puts pressure on gold prices.
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Policy of the US Federal Reserve: If there is no agreement between the two countries, the prices of crude oil and energy may increase again in the coming times. Due to this, inflation around the world will remain at a high level for a long time, due to which the US Central Bank (Federal Reserve) can keep its interest rates high. This situation is considered harmful for sleeping.
Talking about the international market, currently spot gold is trading at $ 4,512.79 per ounce, while the price of spot silver remains at $ 76.17 per ounce.
29 May 2026: Latest gold price in big cities of the country
For your convenience, today’s 22 carat and 24 carat gold prices per 10 grams in major cities of India are given in the table given below:
| City | 22 carat gold price (₹/10 grams) | 24 carat gold price (₹/10 grams) |
| Delhi | ₹1,43,190 | ₹1,56,200 |
| Lucknow | ₹1,43,190 | ₹1,56,200 |
| Jaipur | ₹1,43,190 | ₹1,56,200 |
| Chandigarh | ₹1,43,190 | ₹1,56,200 |
| Mumbai | ₹1,43,040 | ₹1,56,050 |
| Kolkata | ₹1,43,040 | ₹1,56,050 |
| Hyderabad | ₹1,43,040 | ₹1,56,050 |
| Ahmedabad | ₹1,43,090 | ₹1,56,050 |
| Bhopal | ₹1,43,090 | ₹1,56,050 |
| Chennai | ₹1,44,990 | ₹1,58,170 |
Latest status of silver prices
Like gold, this time is proving to be very favorable for the buyers of silver also. Silver price fell in Indian markets this morning ₹2,74,900 per kg But she has arrived. If compared to January, there has been a huge decline in silver prices by more than 1.25 lakh rupees.
Useful thing:
Market analysts say that until the geopolitical situation in West Asia becomes completely clear, this period of ups and downs in the bullion market may continue like this. In such a situation, for those who want to invest for the long term, this can be a good opportunity to start purchasing gradually. However, always remember to check the correctness of hallmark and HUID code while buying jewellery.
