Big Jump in Gold Rate in India by Rs 4,900, MCX Gold Futures Up; Check Latest 22K, 24K & 18K Gold Prices Today

Gold prices in India followed recent market ups and downs on 27 May, with an increase in rates for different purity levels after a sharp drop. On Tuesday, the price of 24 Karat gold was Rs 9,813 per gram, with a rise of Rs 49, bringing the total to Rs 9,862 per gram. The rate for 22 Karat gold stood at Rs 8,995 per gram, with an additional Rs 45, making it Rs 9,040 per gram. For 18 Karat gold, the price was Rs 7,360 per gram, plus Rs 37, taking the final rate to Rs 7,397 per gram.

Gold Rate in India Today: Check Latest 22 Karat, 24 Karat, and 18 Karat Gold Prices on May 27

24 Karat Gold Rate in India Today

Today, the rate for 24 Karat gold per gram in India is Rs 9,813, which is an increase of Rs 49 compared to yesterday's price of Rs 9,764. For 8 grams, the price today is Rs 78,504, up by Rs 392 from Rs 78,112 previous day.

The rate for 10 grams stands at Rs 98,130 on Tuesday, showing a rise of Rs 490 from Rs 97,640. For 100 grams, the price has increased by Rs 4,900, reaching Rs 9,81,300 today compared to Rs 9,76,400 yesterday.

22 Karat Gold Rate in India Today

The price of 22 Karat gold in India on May 27 is Rs 8,995 per gram, marking a rise of Rs 45 from yesterday's rate of Rs 8,950. For 8 grams, the cost has gone up by Rs 360, now priced at Rs 71,960 compared to Rs 71,600 the day before.

The rate for 10 grams has increased by Rs 450, reaching Rs 89,950 today from Rs 89,500 yesterday. Meanwhile, the price for 100 grams has risen by Rs 4,500, currently standing at Rs 8,99,500 compared to Rs 8,95,000 yesterday.

18 Karat Gold Rate in India Today

On Tuesday, 27 May, the price of 18 Karat gold in India is Rs 7,360 per gram, which is Rs 37 higher than yesterday's rate of Rs 7,323. For 8 grams, the price is Rs 58,880, up Rs 296 from Rs 58,584 the day before.

The rate for 10 grams is Rs 73,600, showing an increase of Rs 370 compared to yesterday's Rs 73,230. For 100 grams, the price stands at Rs 7,36,000, which is Rs 3,700 more than the previous day's Rs 7,32,300. These figures indicate a steady rise in 18 Karat gold prices across various quantities.

Gold Prices in Futures Market: MCX Gold Rate Today

Gold prices rose in the domestic futures market on Tuesday morning, supported by favourable global cues and a weaker US dollar. However, limited demand in the local spot market restricted the gains. Around 10:16 AM, MCX Gold June 5 contracts were trading 0.08 per cent higher at Rs 96,018 per 10 grams.

According to a Reuters report, international gold prices traded close to a two-week high, buoyed by a weaker dollar and concerns over the US fiscal outlook.

Why Are Gold Prices Fluctuating This Week?

Gold prices are fluctuating due to uncertainty around US trade policies and economic decisions. The delay in tariffs on European imports suggests easing tensions, but threats of tariffs on Apple add pressure. Recently, gold rose sharply because of economic concerns and the possibility that the US tax bill could significantly increase the national deficit.

"President Trump's postponement of a 50% tariff on European imports to July 9. The delay signals a possible softening in trade tensions, though Trump's threat to impose 25% tariffs on Apple if it doesn't produce iPhones in the U.S. continues to weigh on sentiment. Gold had surged nearly 5% last week amid heightened economic uncertainty and concerns over Trump's new tax bill, which could expand the U.S. deficit by $3 trillion over the next decade," said Ajay Kedia from Kedia Advisory.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.