On May 26, gold and silver prices in India experienced a decline, attributed to rising oil prices following recent US military actions in Iran, which heightened inflation concerns. In Mumbai, the price for 24-carat gold is listed at ₹1,58,890 per 10 grams, while 22-carat gold is priced at ₹1,45,650. The Multi Commodity Exchange (MCX) reported a 0.51% decrease in gold futures, trading at ₹1,58,268 per 10 grams, alongside a 1.4% drop in silver futures, now at ₹2,72,830 per kg. Across major Indian cities, gold prices vary slightly: in Delhi, 22K gold is at ₹1,45,800, and 24K gold at ₹1,59,040. Factors influencing these prices include international market rates, import duties, and fluctuations in exchange rates. Gold holds significant cultural and financial value in India, particularly during weddings and festivals, making it essential for investors and traders to monitor these price changes closely.