Shining Bright: Gold Prices Soar in Major Indian Cities
Gold Prices on the Rise
Gold and silver prices are experiencing a surge across major Indian cities, fueled by global economic uncertainty and a weaker US dollar. With investors seeking safe havens amidst market volatility, both precious metals have seen a rise in demand.
Gold’s Impressive Performance
Gold prices have climbed nearly 30% year-on-year, and as an investment, it boasts a remarkable 15% CAGR since 2001. Over the years, gold has consistently outpaced inflation by 2-4%. Ahead of Akshaya Tritiya 2025, prices hit a record high of nearly ₹1 lakh per 10 grams, attracting even more attention from investors.
Silver Also Gathers Momentum
Silver has also been gaining traction. Prices have jumped 15.62% from Akshaya Tritiya 2024 to 2025, and a five-year CAGR from April 2020 stands at nearly 20%. 2021 saw a particularly dramatic spike of 69.04% in silver prices.
Check Today’s Prices
It’s important to remember that these prices are subject to change. For the most up-to-date information, check with your local jeweler as they factor in making charges, taxes, and GST.
Gold and Silver Prices Today (May 24)
Here’s a breakdown of gold and silver prices in major Indian cities as of May 24:
Mumbai
- Gold bullion rate: ₹ 96,680/10 gm
- MCX Gold rate: ₹ 96,400/10 gm
- Silver bullion rate: ₹ 98,060/kg
- MCX Silver 999 rate: ₹ 98,000/kg
Chennai
- Gold bullion rate: ₹ 96,960/10 gm
- MCX Gold rate: ₹ 96,400/10 gm
- Silver bullion rate: ₹ 98,340/kg
- MCX Silver 999 rate: ₹ 98,000/kg
Kolkata
- Gold bullion rate: ₹ 96,550/10 gm
- MCX Gold rate: ₹ 96,400/10 gm
- Silver bullion rate: ₹ 97,930/kg
- MCX Silver 999 rate: ₹ 98,000/kg
Hyderabad
- Gold bullion rate: ₹ 96,830/10 gm
- MCX Gold rate: ₹ 96,400/10 gm
- Silver bullion rate: ₹ 98,210/kg
- MCX Silver 999 rate: ₹ 98,000/kg
Bengaluru
- Gold bullion rate: ₹ 96,760/10 gm
- MCX Gold rate: ₹ 96,400/10 gm
- Silver bullion rate: ₹ 98,130/kg
- MCX Silver 999 rate: ₹ 98,000/kg
Delhi
- Gold bullion rate: ₹ 96,510/10 gm
- MCX Gold rate: ₹ 96,400/10 gm
- Silver bullion rate: ₹ 97,890/kg
- MCX Silver 999 rate: ₹ 98,000/kg
Investing Wisely
Before adding gold or silver to your investment portfolio, it’s essential to carefully consider your financial goals and consult with a financial advisor. They can help you make informed decisions based on your individual circumstances.
