Today’s Gold Prices in Key Indian Cities – May 23 Overview

The United States economy's instability and the US Dollar's depreciation make gold and silver attractive safe haven assets.

Gold prices increased by almost 30 per cent yearly while delivering a 15 per cent investment return from 2001 through CAGR. Gold has delivered returns that exceeded inflation rates by 2-4 per cent since 1995 according to data findings.

Investors are showing interest in silver even as gold prices continue their significant rise before Akshaya Tritiya 2025. Between Akshaya Tritiya 2024 and 2025 silver prices rose by 15.62% while its five-year CAGR from April 2020 reached nearly 20% with a significant 69.04% surge in 2021.

Investors need to review their financial goals and requirements and seek a financial manager's advice before incorporating these metals into their portfolio.

The MCX gold index was at ₹95,905/10 gm at 10: The official website displayed that the MCX gold index was at ₹95,905/10 gm at 10:30 am on Friday, May 23. The MCX reported silver prices standing at ₹98,185/kg.

Further, 24-carat gold was priced at ₹96,340/10 gm, according to data on the Indian Bullion Association (IBA) at 10: Gold of 22-carat purity reached a value of ₹88,312 for every 10 grams as of 10:30 am on May 23. IBA website reports silver prices today as ₹98,410/kg for Silver 999 Fine.

Find your local gold prices in your city on may 23 like Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru and Chennai on May 23. Retail customers should know that jewellers may apply additional making charges alongside taxes and GST which will increase the total price.

Gold bullion rates in Bengaluru — ₹96,280/10 gm

MCX Gold rate in Bengaluru — ₹95,930/10 gm

Silver bullion rate in Bengaluru — ₹98,340/kg.

MCX Silver 999 rate in Bengaluru — ₹98,210/kg

Gold bullion rates in Hyderabad — ₹96,300/10 gm

MCX Gold rate in Hyderabad — ₹95,879/10 gm

Silver bullion rate in Hyderabad — ₹98,380/kg.

MCX Silver 999 rate in Hyderabad — ₹98,180/kg

Gold bullion rates in New Delhi — ₹96,030/10 gm

MCX Gold rate in New Delhi — ₹95,930/10 gm

Silver bullion rate in New Delhi — ₹98,090/kg.