Gold prices remained near record levels on May 27, with the yellow metal touching ₹1.58 lakh per 10 grams, while silver held steady at around ₹2.85 lakh per kilogram, reflecting continued strength in the precious metals market.
Prices across states and major cities witnessed slight variations due to local taxes and market factors. Delhi, Maharashtra, West Bengal, Tamil Nadu, Karnataka and Kerala largely followed the broader national trend, with gold rates remaining elevated despite marginal fluctuations during the day.
Despite limited movement during trading, both gold and silver continued to stay at high levels as investors tracked global developments and economic indicators. Market participants remained cautious, with prices responding to shifts in international sentiment and broader financial market trends.
Traders said gold prices continue to be influenced by several international factors, including movement in the US dollar, interest-rate expectations and geopolitical developments. Ongoing uncertainty in global markets has also sustained demand for safe-haven assets such as gold.
Silver remained largely stable and followed the broader trend in the bullion market. Apart from investment demand, silver prices are also influenced by industrial consumption, making them sensitive to both economic activity and global sentiment.
Potential buyers are delaying purchases in anticipation of price corrections, while others continue to prefer precious metals as a protective investment during uncertain times.
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