Gold rate today: Yellow metal rebounds; check the latest prices in your city on May 27

Gold prices rebounded on May 27, after a slight dip. Gold’s June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 95,600 per 10 gram today.

Let’s check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on May 27:

(According to data on Good Returns)

Also read: Gold is Emerging from Earth’s surface

“Germany’s approval for Ukraine to strike inside Russian territory has escalated geopolitical risks, with the Kremlin denouncing the move as dangerously provocative. Adding to market jitters, Russia launched its third consecutive night of aerial attacks on Ukraine following the largest air assault of the conflict. Meanwhile, China’s net gold imports via Hong Kong surged in April, more than doubling from March and hitting the highest level since March 2024. The combination of persistent geopolitical instability and uneven trade signals continues to underpin gold’s longer-term appeal. Focus today will be on US durable goods orders and consumer confidence data,” said Manav Modi, Senior Analyst of Commodity Research at Motilal Oswal Financial Services.

“In the week ahead, the geo-political tensions will continue to lead safe haven buying for investors across the globe and the rally in the yellow metal can extend towards $3500/ounce in the international markets while MCX gold prices might move higher towards Rs. 99,000/10 gms mark. The shine in the yellow metal will be brighter in the coming weeks,” said Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies, Angel One.

Also read: Gold hovers near two-week high on dollar weakness, US fiscal woes

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