Gold Rate Today, May 29: 18, 22, 24 carat gold prices at jewellery stores in different cities

Gold prices continued to slide in the retail market for the fourth consecutive day today (May 29, 2026). According to Goodreturns.in, 24 carat gold was down by a tad ₹10 at ₹1,56,050 per 10 gm, while 22 carat gold and 18 carat gold with a similar cut were priced at ₹1,43,040 and ₹1,17,030 per 10 gm, respectively.

Over the last 10 days, gold prices are trading rangebound with 24 carat gold hovering between ₹1,56,000 -₹1,59,900 per 10 gm.

On May 29, 2026, gold prices across major brands are as below:

Kalyan Jewellers: 22 carat gold is priced for ₹14,305 and 24 carat gold is retailing at ₹15,605 per gm. The price of 18 carat gold is ₹11,704 per gm.

Joyalukkas: 22 carat gold is priced at ₹14,305 per gm. 24 carat gold quoted at ₹ 15,605 per gm, while 18 carat gold was retailing at ₹11,704.

As per IBJA on the previous trading day i.e. May 27, 2026, the price of 22k gold today was ₹15,233 per gram while the price of 24k and 18k gold was ₹15,607 and ₹12,642 respectively.

Factors influencing gold rate today

Swinging between gains and losses, gold futures for June delivery on the MCX at around 10 am (IST) traded with a negative bias with a marginal cut of ₹38 or 0.02% at ₹1,56,887 per 10 gm. In early trade, the contract hit a day high and low price of ₹1,51,797 and ₹1,56,316. In the previous session, the contract ended at ₹1,56,925 per 10 gm.

In contrast, US gold futures traded in the green, with gains of 0.16% or $7.27 at $4,539.6 per ounce.

The gains are led amid hopes of a ceasefire between the US and Iran even as concerns around the US interest rate outlook and inflation grow.

According to the Reuters report, the US and Iran reached an agreement on Thursday for extending their ceasefire as well as lift shipping curbs via the Strait of Hormuz, though Iranian state media stated that the deal has not been finalised and the US President Donald Trump is also to approve it.

Meanwhile, on hopes of a peace deal, oil prices posted a decline.

Market participants are keeping a close watch on the upcoming US Core PCE inflation and GDP data, which could have a significant impact on Fed expectations together with the bullion movement.