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May 31, 2026 — Gold prices remained near record levels at the end of May as investors continued seeking safe-haven assets amid geopolitical tensions and uncertainty surrounding developments between the United States and Iran.

Gold holds above $4,500 per ounce.

International gold prices stayed close to $4,535 per ounce, maintaining strong gains recorded throughout 2026.

The precious metal continued to draw support from geopolitical risks, inflation concerns, and ongoing demand for defensive investments as global markets remained volatile.

Market participants closely monitored developments in the Middle East, which continued to influence sentiment across commodities and financial markets.

Safe-haven demand supports the bullion market.

Gold remained one of the strongest-performing major assets this year, benefiting from investor demand for stability during periods of uncertainty.

Analysts noted that persistent geopolitical tensions and expectations surrounding global interest rates have continued to provide support for bullion prices despite short-term fluctuations.

India's gold prices remain above ₹1.57 lakh.

In India, domestic gold prices remained elevated, with 24K gold trading above ₹1.57 lakh per 10 grams.

Rates for 22K gold and 18K gold also stayed near historically high levels across major cities, reflecting the strength in global bullion markets.

Domestic prices continued to track international gold movements while remaining supported by local demand and broader market uncertainty.​

Market focus remains on global developments.

Investors are expected to remain focused on geopolitical developments, inflation trends, and central bank policy signals, all of which continue to influence gold prices.

Despite recent volatility, both global and Indian gold markets ended May near historically elevated levels, highlighting continued demand for precious metals as a defensive asset class.