Gold and Silver Prices Update: Retail Rates for 24K and 22K Gold in Major Indian Cities
Precious Metal Prices Trade Marginally Higher Amid Global Uncertainty
In early trade on May 25, precious metal prices showed a marginal increase, driven by the ongoing conflict in Iran and rising oil prices. However, gains were limited by a stronger dollar.
International Spot Prices
The international spot gold price rose 0.87 percent to $4,567.90 per ounce, while silver prices inched 2.74 percent higher to $78.29 per ounce in early Comex trade.
Read also: Gold and Silver Prices Decline Amid Strengthening Dollar and Inflation Concerns
| Commodity | May 25 Price | Change |
|---|---|---|
| Spot Gold | $4,567.90 | +0.87% |
| Spot Silver | $78.29 | +2.74% |
Domestic Futures and Spot Prices
The gold futures for the June contract closed the Friday (May 22) session 0.06 percent lower to Rs 1,58,588 per 10 grams. Silver futures for the July contract declined 1.07 percent lower to Rs 2,75,600 per kilogram. The domestic spot gold closed the MCX session at Rs 1,57,549 per 10 grams of 24-karat purity.
Market Sentiment
Read also: Gold and Silver Prices in India: A Review of Current Rates Across Major Cities
Market participants are closely watching crude oil movement, rupee volatility, and ongoing US-Iran developments, which remain the key drivers for bullion sentiment.
More in General
Gold and Silver Prices Decline Amid Strengthening Dollar and Inflation Concerns
Gold and Silver Prices in India: A Review of Current Rates Across Major Cities
Silver Price Plunge Continues Amid Strong US Job Report and Escalating Middle East Tensions
