Gold rate today: Yellow metal gets cheaper; check the latest prices in your city on May 26

Gold prices witnessed a decline on May 26, after a significant increase seen in the last week. Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,001 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 26:

Also read: Does silver hold a safe-haven potential?

Speaking about the earlier rally seen in gold prices, Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies at Angel One said, "Rally of around 4 percent in the week gone by was on account of host of factors starting from mounting concerns about the US fiscal outlook, weakening dollar (almost 1 percent in the week ending 23rd May 2025), geo-political tensions between Iran and Israel, safe haven demand across the globe resulting in the rally in the precious metals."

Mallya however hinted at further rally in gold prices later. "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," he said.