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Gold Price Today In India, May 23: Check the latest gold rates in major metro cities like Chennai, Mumbai, Delhi, Bangalore, Hyderabad For 22kt, 24kt gold.
Gold Price Today, May 23.
Gold Rates Today In India, May 23: Gold and silver prices continue to rise in the spot market in India amid global uncertainties. In Mumbai, the price of gold stood at Rs 89,760 per 10 grams for 22-carat and Rs 97,920 per 10 grams for 24-carat.
The price of silver also increased by Rs 100 to trade at Rs 1,01,100 per kg in Mumbai.
On the MCX, gold was trading higher by 0.19 per cent to trade at Rs 95,716 per 10 grams and silver was higher by 0.23 per cent to trade at Rs 98,024 per kg.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Here’s a detailed breakdown of gold prices across key cities (May 23, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 89,910 | Rs 98,070 |
| Jaipur | Rs 89,910 | Rs 98,070 |
| Ahmedabad | Rs 89,370 | Rs 97,490 |
| Patna | Rs 89,370 | Rs 97,490 |
| Mumbai | Rs 89,760 | Rs 97,920 |
| Hyderabad | Rs 89,760 | Rs 97,920 |
| Chennai | Rs 89,760 | Rs 97,920 |
| Bengaluru | Rs 89,760 | Rs 97,920 |
| Kolkata | Rs 89,760 | Rs 97,920 |
Silver Price In India Today (May 23, 2025)
The price of silver on Friday rose by Rs 100 to trade at Rs 1,01,100 per kg in Mumbai, according to goodreturns.in.
Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, “On Thursday, gold and silver rose strongly in early trade but couldn’t hold on to their gains. Investors turned cautious after a weak response to the U.S. bond auction and rising long-term interest rates in both the U.S. and Japan, which caused some worry in the financial markets. A strong rally in Bitcoin also shifted some investor focus away from gold and silver.”
However, weakness in global stock markets and ongoing geopolitical tensions may continue to support demand for precious metals in the near future, he added.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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