The rising trend in domestic gold prices has now stopped. On the morning of May 23, a decline was seen in the prices. In the national capital Delhi, the price of 24 carat gold fell to ₹159,630 per 10 grams. In Mumbai, the price fell to ₹159,480 per 10 grams. Exactly a day earlier, the price of 99.9% pure gold had fallen by ₹600 to ₹164,900 per 10 grams in Delhi’s bullion market. In the international market, the spot gold price is trading at $4,522.32 per ounce.
In view of the ongoing talks between America and Iran, investors are adopting a cautious approach. Businesses are closely watching to see if a solution is reached to end the conflict in the Middle East – which is due to last until February 28, 2026 – and what consensus is reached over the Strait of Hormuz, a vital sea route. Volatility in the Indian Rupee and fluctuations in crude oil prices are also affecting the price of gold.
City 22 Karat Gold Rate Today (₹) 24 Karat Gold Rate Today (₹) Delhi 146240 159630 Mumbai 146190 159480 Ahmedabad 146240 159530 Chennai 147790 161230 Kolkata 146190 159480 Hyderabad 146190 159480 Jaipur 146240 159630 Bhopal 146240 159530 Lucknow 146240 159630 Chandigarh 146240 159630
Gold prices in major cities of the country
**Gold Price in Delhi:** In Delhi, the price of 24 carat gold is ₹159,630 per 10 grams. The price of 22 carat gold is ₹146,240 per 10 grams.
**Mumbai and Kolkata:** In Mumbai and Kolkata, 22 carat gold is priced at ₹146,190 per 10 grams, while 24 carat gold is priced at ₹159,480 per 10 grams.
**Gold Price in Chennai:** 24 carat gold price is ₹161,230 per 10 grams. The price of 22 carat gold is ₹147,790 per 10 grams.
**Prices in Pune and Bengaluru:** In both these cities, the price of 24 carat gold is ₹159,480 per 10 grams, and the price of 22 carat gold is ₹146,190 per 10 grams.
silver prices
Another precious metal, silver, has also seen a decline in its price. On the morning of May 23, the price of silver was ₹284,900 per kg. In January this year, the price of silver in the country had crossed the ₹400,000 mark. In the international market, spot silver is trading at $75.87 an ounce.