Gold Shines Bright: City-Wise Price Trends for Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi, and Kolkata on May 23

Image Source: Mint

Gold prices across India’s major cities saw mixed movements on May 23, 2025, with some cities witnessing a slight uptick while others recorded a dip. The domestic market continues to reflect global volatility, wedding season demand, and fluctuating investor sentiment.

Mumbai:

24-carat gold: ₹93,778 per 10 gram
22-carat gold: ₹85,901 per 10 grams
Silver: ₹98,050 per kg

Bengaluru:

24-carat gold: ₹96,110 per 10 grams
22-carat gold: ₹88,101 per 10 grams
Silver: ₹98,400 per kg

Chennai:

24-carat gold: ₹96,310 per 10 grams
22-carat gold: ₹88,284 per 10 grams
Silver: ₹98,400 per kg

Hyderabad:

24-carat gold: ₹93,962 per 10 grams
22-carat gold: ₹86,070 per 10 grams
Silver: ₹1,11,000 per kg

New Delhi:

24-carat gold: ₹95,860 per 10 grams
22-carat gold: ₹87,872 per 10 grams
Silver: ₹97,950 per kg

Kolkata:

24-carat gold: ₹95,900 per 10 grams
22-carat gold: ₹87,908 per 10 grams
Silver: ₹97,990 per kg

Market Trends:

Gold prices in Chennai dipped by ₹280 per sovereign, while Hyderabad and other metros saw minor fluctuations.
Silver prices remained strong, trading above ₹97,950 per kg in most major cities.
Experts attribute the volatility to global cues and local demand, especially with the ongoing wedding season.

Investor Note:

Gold remains a favored hedge against inflation and economic uncertainty. Buyers are advised to monitor live prices, as rates can change throughout the day.

Sources: DT Next, 91mobiles, The Hans India, ABP Live, Angel One