Gold, Silver Prices Dip Sharply Ahead of U.S. Data

Investors witnessed another round of selling in gold and silver on Wednesday as prices retreated for the second day in a row. The India Bullion Jewellers Association reported that 24-carat gold lost Rs 1,539 to close at Rs 1,56,072 per 10 grams, while 22-carat gold declined to Rs 1,42,962 per 10 grams. The 18-carat segment also softened to Rs 1,17,054 per 10 grams. Silver prices fell by Rs 5,296, settling at Rs 2,60,917 per kilogram. On the futures front, MCX gold for June 2026 eased 1.32 percent and silver for July 2026 dropped 2.26 percent. International prices on Comex reflected the same trend, with gold at $4,462 per ounce and silver at $74.44 per ounce. Market watchers are now awaiting fresh inflation and GDP figures from the United States due on 28 May, which are likely to set the tone for bullion trading in the coming sessions.