Gold Prices Rise in India Amid Festive Sentiment; Silver Slips Marginally

New Delhi, May 23 – Gold prices edged higher across major bullion markets in India on Thursday, reflecting continued investor confidence and festive demand. However, silver prices recorded a slight dip. According to traders, 24-carat gold is trading between ₹97,530 and ₹97,680 per 10 grams in key cities, while 22-carat gold is priced between ₹89,400 and ₹89,550 per 10 grams.

Gold Prices

In contrast, silver prices softened by ₹100 in Delhi, with the white metal now priced at ₹1,00,000 per kilogram.

City-Wise Gold Rate Snapshot

In Delhi, 24-carat gold reached ₹97,680 per 10 grams, while 22-carat gold stood at ₹89,550. Similarly, Mumbai, the country’s financial capital, saw 24-carat gold priced at ₹97,530 and 22-carat gold at ₹89,400 per 10 grams.

Ahmedabad also saw gold trading at ₹97,580 for 24 carats and ₹89,450 for 22 carats. In Chennai and Kolkata, prices remained consistent at ₹97,530 and ₹89,400 for 24- and 22-carat gold respectively.

Lucknow and Jaipur reported slightly higher prices with 24-carat gold at ₹97,680 and 22-carat at ₹89,550 per 10 grams. In Patna, 24-carat gold was trading at ₹97,580, while 22-carat gold fetched ₹89,450 per 10 grams.

Southern Markets Remain Firm

Gold prices in Bengaluru, Hyderabad, and Bhubaneswar also reflected a minor uptick, with 24-carat gold priced at ₹97,530 and 22-carat gold at ₹89,400 per 10 grams. Despite limited price movement, industry insiders say the sentiment remains positive ahead of seasonal and wedding-related buying.

Silver Dips Slightly

Meanwhile, silver slipped marginally, down by ₹100 in the Delhi bullion market, now trading at ₹1,00,000 per kilogram. Analysts attribute the drop to slight corrections in global cues and limited industrial demand.

Market Outlook

Gold continues to shine as a safe-haven asset amid fluctuating global economic signals. While the yellow metal’s trajectory remains firm due to ongoing geopolitical tensions and inflationary concerns, silver is

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