Gold Prices Fall in India on May 31, Softer Global Demand

Gold prices fell across India on May 30, 2026, as softer global bullion prices and reduced safe-haven demand triggered a modest correction in domestic rates. Major jewellery retailers reported lower prices compared to the previous day. The decline reflects easing international market conditions and shifting investor sentiment toward the yellow metal.

Gold Rates Drop Across Major Cities

22-carat gold fell to ₹14,395 per gram on May 30, down ₹55 from ₹14,450 on May 29. 24-carat gold declined to ₹15,715 per gram, a drop of ₹60 from the previous day. Across multiple cities including Delhi, Mumbai, Chennai, Kolkata and Bengaluru, jewellery retailers reported consistent declines. Major brands like Tanishq, Kalyan Jewellers, Joyalukkas and Malabar Gold reported lower prices across all purity levels.

Purity-Wise Price Movements

18-carat gold declined to ₹11,786 per gram, down ₹45 from ₹11,831 on May 29. 14-carat gold fell to ₹9,162 per gram, a decrease of ₹35. Gold rates across regions showed uniform declines. The correction reflected broader market trends affecting all gold purities equally.

Global Factors Driving the Decline

Softer global bullion prices and easing safe-haven demand prompted the domestic correction. Analysts noted that international market trends and US dollar movement influence Indian gold prices. Gold loan rates also adjusted downward. The decline came amid global economic uncertainty and shifting investor preferences away from precious metals.

Silver Prices Hold Steady

Silver prices remained unchanged at ₹290 per gram in Chennai on May 30. While gold declined across all purities, silver showed resilience with no price movement. Bullion market analysts noted that gold and silver typically move together, but silver’s stability suggests diverging market dynamics for the two precious metals.

Final Thoughts

Gold prices fell 0.4% to ₹14,395 per gram on May 30 as global softness and reduced safe-haven demand triggered domestic corrections across all purities. Silver held steady, signaling diverging precious metals dynamics. Investors should monitor global bullion trends for further price direction.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.