Gold Price Today In India: Yellow Metal Falls, Check Latest Rates On May 27

Gold Rate Today: India ranks as the world’s second-largest consumer of gold, just behind China. The metal holds deep cultural significance in Indian society, symbolizing wealth, tradition, and financial stability. Economically, gold is vital, with much of the demand fulfilled through imports. This reliance on international supply makes Indian gold prices highly sensitive to global market trends.

Since gold is priced in US dollars, any fluctuation in the dollar's value has a direct effect on its cost in India. Additionally, domestic prices are pushed higher by steep import duties and multiple layers of local taxes, significantly increasing the final retail price for buyers.

The current gold rates in Delhi stand at Rs 8,995 per gram for 22-karat gold and Rs 9,813 per gram for 24-karat gold (commonly known as 999 gold).